As a business owner, your goal is to make a profit. Generally, you may turn toward your accounting profit to see how your company is doing. You also need to consider other types of profit, such as economic profit. But, what’s the difference between accounting profit vs. economic profit? Keep reading to get the scoop.Read More How Do Accounting Profit vs. Economic Profit Differ?
Personal Allowances: What Employers Should Know Inside and Out
If you’ve seen a recent Form W-4 (i.e., 2020 and after), you know the IRS removed personal allowances. But, some states still use personal allowances on the state W-4 forms.
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Here’s a fun little employer riddle: an employee receives a day of holiday pay during a week they already worked 40 hours. Does that employee get overtime? To answer that, you need to know the rules on holiday pay and overtime in same week.Read More How Employers Should Handle Holiday Pay and Overtime in Same Week
Before you can begin looking into your business’s profit, you need to understand and know how to calculate cost of goods sold (COGS). So, where do you begin? Start here by learning all about COGS, including how to determine cost of goods sold and what you can use it for.Read More Do You Know Your Business’s Cost of Goods Sold?
Canton, OH Award-winning accounting and payroll software provider, Patriot Software, has partnered with collaboration and workflow software provider, Client Hub, to bring accounting professionals in its Advisor Program a streamlined solution to task management. Patriot’s Advisor Program offers accounting and payroll software for accounting professionals and their clients, free co-branding, an umbrella login, and discount […]Read More Patriot Partners With Client Hub to Streamline Advisors’ Workflow
Filing taxes can be a bear. Between deadlines, line items, and completing forms, there is a lot of information to know. And whether it’s your first time filing taxes for small business or you’re a seasoned business owner, you may have some questions. So if you’re looking for answers on how to file a business […]Read More How to File a Business Tax Return in 4 Simple Steps
If you have employees through a staffing agency or share your employees with another employer, you are likely a joint employer. And if you’re a joint employer, you need to know about joint employment.Read More What to Know About Joint Employment
Being a business owner means tracking profits, losses, annual business revenue, and more. But beyond knowing how to track these, how do you calculate the figures you need? And, how do you calculate your annual business revenue? Read on to learn the ins and outs of annual business revenue.Read More How to Calculate Annual Business Revenue 101
As an employer, you’re expected to follow a number of laws to protect your employees and business. Some of these laws fall into the “labor laws” category, which can vary by state. One state that has a unique set of laws is Nevada. And if you’re a Nevada employer, it’s time to get to know […]Read More Don’t Let These 8 Nevada Labor Laws Slip Your Mind
You’re driving late at night, exhausted. You can’t see anything, and you don’t know where you are. Before you run out of gas, you pull up your GPS, and ah! There’s the path. Now you know where the path is again. Likewise, you can get lost in business ownership if you don’t have a “roadmap” […]Read More How to Write a Business Plan That Outlines Your Goals, Secures Funding, and Beyond