Forecasting how much you’re going to spend and receive is a key part of running a business. But, rarely do predictions match actual income and expenses. More than likely, you’ll experience a variance in accounting at some point.
Read More Can’t See Into the Future? Don’t Be Surprised If You Have a Variance in Accounting
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.
Paid FMLA Tax Credit Renewed, Can You Claim It?
May 20, 2021The Family and Medical Leave Act (FMLA) requires certain businesses to offer employees unpaid leave for qualifying situations. But, there’s no federal law that requires you to offer employees paid family and medical leave. If you voluntarily decide to pay employees who use this type of leave, you could be eligible for an FMLA tax […]
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Patriot Makes U.S. News & World Report’s Best Payroll Software of 2021
May 12, 2021Canton, OH Patriot Software, LLC, (PATRIOT), provider of online accounting software and payroll, has been recognized on two of U.S. News & World Report’s 360 reviews. Patriot tops the list on Best Small Business Payroll Software of 2021 and Best Payroll Software of 2021.
Read More Patriot Makes U.S. News & World Report’s Best Payroll Software of 2021
How to Keep Your Direct vs. Indirect Costs Straight
April 27, 2021When you have a business, you have direct and indirect costs. Tracking these expenses is key to having up-to-date books, receiving tax deductions, and making business decisions. So, what’s the difference between direct vs. indirect costs?
Read More How to Keep Your Direct vs. Indirect Costs Straight
A Rise in Unemployment Fraud Requires Quick Employer Action
April 19, 2021Notice something fishy about an unemployment claim that you receive? If so, one of your employees might have fallen victim to unemployment fraud … which means you could, too.
Read More A Rise in Unemployment Fraud Requires Quick Employer Action
Business Tax Credits: Your Ultimate Guide to Sustainable Savings
April 15, 2021If you’re like most taxpayers, you look for every possible deduction when filing your tax return for business. One way to lower your tax liability is to claim business tax credits. And due to the coronavirus pandemic, there are also a number of temporary tax credits for employers to claim.
Read More Business Tax Credits: Your Ultimate Guide to Sustainable Savings
PPP Forgiveness Calculation: Process & Example
March 31, 2021Use this article to help you learn about Form 3508. Forms 3508EZ and 3508S are simplified documents, so not all of these steps apply. For more information on the difference between the forms, check out our article, “Form 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?“ Want to know how much […]
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Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19
March 31, 2021Businesses could apply for a Paycheck Protection Program loan through May 31, 2021. As of June 1, 2021, the SBA is no longer accepting PPP loan applications. Does your small business need financial assistance as a result of the coronavirus pandemic? If so, one of the biggest federal initiatives for small businesses is the Paycheck […]
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Patriot Software Named Best Payroll for New Users by Motley Fool’s The Blueprint
March 25, 2021Canton, OH Patriot Software, LLC, an accounting software and payroll provider, has made The Blueprint’s top 10 list of Best Payroll solutions for 2021. The Blueprint is a Motley Fool service that offers unbiased business and tech expertise. Earning the title of “Best for New Users,” Patriot Software received a 9.0 out of 10.0 score […]
Read More Patriot Software Named Best Payroll for New Users by Motley Fool’s The Blueprint
Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?
March 17, 2021Employers, this one’s for you. After withholding payroll taxes from your employees’ wages (and contributing the employer share), you need to deposit the taxes with the IRS. But that’s not all. You must also report the taxes on either Form 944 or 941. So, what’s the difference between Form 944 vs. 941?
Read More Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?