The end of the year is a busy, if not the busiest, time for small business owners. You’re gearing up for a new year and trying to wrap things up before the year comes to a close. One thing that should be on your mind during this time is year-end tax planning.
Read More Year-end Tax Planning for Small Business Owners: Head Start for 2021Patriot Software Blog
Here’s What You Need to Do If You Have Out-of-state Remote Workers
Shuttered businesses. Major updates for compliance with COVID-19 regulations. Quarantine fatigue.
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Oct 21, 2020
What Is FICA Tax, and How Much Do You Need to Take Out of an Employee’s Paycheck for It?
As an employer, you’re in charge of paying your employees … and handling those pesky employment taxes. One of the taxes you need to calculate and withhold is a payroll tax known as FICA. What is FICA tax?
Read More What Is FICA Tax, and How Much Do You Need to Take Out of an Employee’s Paycheck for It?Oct 20, 2020
Turn up the Holiday Cheer With a Company Shutdown This Year (Plus Save on Overhead)
What does a holiday company shutdown have to do with lower overhead and COVID-19? Turns out, a lot. Major corporations like Best Buy, Target, and Walmart have already announced store closures for Thanksgiving 2020 due to the pandemic.
Read More Turn up the Holiday Cheer With a Company Shutdown This Year (Plus Save on Overhead)Oct 19, 2020
Drafting a Sick Time Policy for Your Small Business
Does your business offer sick time to employees? One study showed that having a paid sick time policy can help reduce turnover by 50%. If you want to attract and retain top talent, boost productivity, and reduce the spread of sickness in your workplace, consider drafting a sick time policy for small business.
Read More Drafting a Sick Time Policy for Your Small BusinessOct 16, 2020
Ready, Set, Go! Learn How to Form a Partnership Using These 10 Steps
When you start a business, you have to determine whether you are going to call the shots by yourself or have a co-owner. If you’re not too keen on the idea of running a business solo, you may consider starting a partnership. Find out how to form a partnership to get the ball rolling on […]
Read More Ready, Set, Go! Learn How to Form a Partnership Using These 10 StepsOct 15, 2020
Starting a Business from Home: 11 Steps to Successfully Launch Your Home-based Venture
Love the idea of starting your own business, but don’t want to deal with the hassle of finding an office space and paying rent? Then starting a business from home may be a good fit for you. Find out the pros and cons of owning a home-based business and how to start a business from […]
Read More Starting a Business from Home: 11 Steps to Successfully Launch Your Home-based VentureOct 14, 2020
Your Step-by-step Guide on How to Apply for EIN—aka Employer Identification Number
If you want to buy a car or house, open a bank account, or get a job, you need a Social Security number. An Employer Identification Number (EIN) is like that—but for your business. Many businesses need an EIN to operate. And if your business is one of them, you must know how to apply […]
Read More Your Step-by-step Guide on How to Apply for EIN—aka Employer Identification NumberOct 13, 2020
What Is Gross Receipts Tax, and Which States Impose It?
Depending on your business’s location, you may need to pay or remit certain state-specific taxes. One type of state tax your business should be aware of is gross receipts tax (GRT). Read on to learn about gross receipts tax and whether or not you’re responsible for remitting it to your state.
Read More What Is Gross Receipts Tax, and Which States Impose It?Oct 12, 2020
Are You Required to Give Employees Time Off to Vote?
As a small business owner, you may offer types of paid or unpaid time off to employees. But when election day rolls around, do you give employees time off to vote? Read on to learn about offering time off to vote, voting leave laws by state, and whether you can refuse voting leave.
Read More Are You Required to Give Employees Time Off to Vote?