Patriot Software's Blog

Business owners often confuse margin and markup. After all, they both deal with sales, help you set prices, and measure productivity. But, there’s a key difference between margin vs. markup—and knowing this difference is how you can set prices that lead to profits. Unsure about the difference betwee...

You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business?  If it’s crossed your mind before, th...

Like past years, the IRS released changes to the income tax withholding tables for 2022. Use these updated tables to calculate federal income tax on employee wages in 2022. In addition to the annual tax rate and bracket changes, employers can still use the optional computational bridge released in 2...