Key Takeaways − If you file or pay payroll taxes late, the IRS can charge costly penalties and interest. You may be able to get penalties reduced or removed (abated) if you qualify for First-Time Abatement (FTA), or can show reasonable cause (e.g., serious illness, natural disaster, records destroyed). To request abatement, you usually: confirm […]
Read More How to Request an Abatement of Payroll Tax Penalties from the IRS
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel creates engaging and informative content aimed to help business owners understand complex accounting and payroll topics.
Patriot Software Marks America’s 250th With 50% Off for 6 Months for New Customers
Limited-time offer applies to Patriot’s full product line: accounting, payroll, time and attendance, and HR software.
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Half of Small Business Owners Skip Their Own Paycheck to Survive
Owning a small business isn’t for the faint of heart. More than half (53.5%) of U.S. small business owners lose sleep over their business at least a few times a week. Nearly a third of new owners say it happens almost every night.
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Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)
Payroll touches every paycheck, tax filing, and compliance deadline. When your system struggles, your whole business feels it. A payroll provider manages employee payments, tax filings, and related compliance. Are they pulling their weight? It might be time to switch payroll providers if you notice issues.
Read More Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)
Scalable Payroll Solutions for Growing Businesses: When to Switch from Manual to Software
Learn when and how to switch to a scalable payroll solution that grows with headcount, locations, and benefits without adding hours, errors, or compliance risk.
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The Ultimate Guide to Conducting Effective Business and Payroll Audits
A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can, and should, conduct regularly. To do that, you need to know how to conduct an audit.
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The Ultimate Guide to Work-from-home Reimbursement for Remote Teams
Do you have a temporary or permanently remote workforce? If so, you may consider offering work-from-home reimbursement to help workers cover remote-related expenses.
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Out-of-State Remote Workers: Compliance Checklist
There are several benefits of a remote workforce, like an expanded talent pool. But if you’ve decided to hire out-of-state remote workers, there are several things you need to know.
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Essential Payroll Audit Procedures You Can’t Afford to Ignore
Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll. To combat these potential problems, conduct […]
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Strategies to Accelerate Your Timeline to Business Profitability
If you’re asking, “When will my business make a profit?”, you’re not alone. Profitability is more than a milestone. It’s the point where your business can pay its own bills, give you reliable earnings, and grow without constant stress.
Read More Strategies to Accelerate Your Timeline to Business Profitability