Patriot Software's Blog

You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no ... one of them is not treating your accounts the way you want to be treated. If you...

Like past years, the IRS changed the income tax withholding tables for 2023. Use these updated tables to calculate federal income tax on employee wages in 2023. In addition to the annual tax rate and bracket changes, employers can still use the optional computational bridge released in 2021. Staying...

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...