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Key Takeaways − A clergy housing allowance lets qualifying ministers exclude part of their compensation from federal income tax, up to certain limits. The church or organization must officially designate the allowance in advance. The excludable amount is the lowest of 1) The amount officially designated as housing allowance, 2) The minister’s actual housing expenses, […]
Read More How to Accurately Calculate a Clergy Housing Allowance
Key Takeaways − In many states, you need workers’ compensation insurance for one employee. Skipping coverage can expose you to lawsuits, medical bills, fines, and criminal charges, depending on your state. Workers’ comp helps cover medical costs and lost wages when employees are hurt on the job. Even “safe” office jobs carry risk: slips, falls, […]
Read More The Risks of Skipping Workers’ Compensation for Your First Hire
Key Takeaways − Workers’ comp for one employee often costs a few hundred dollars per year, but it can be more or less depending on your situation. Your industry risk, state, payroll amount, and claims history drive your rate. Many states require workers’ comp even if you have just one employee. You’ll usually pay a […]
Read More How Much Does Workers’ Comp Cost for a Single Employee?
Key Takeaways − Most states require workers’ compensation insurance once you have employees, but rules and exemptions vary by state. Common exemptions can include sole proprietors, partners, certain officers, family members, and independent contractors. “Do I need workers’ comp insurance for one employee?” The answer depends on your state. Misclassifying employees as “exempt,” “contractors,” or […]
Read More Workers’ Compensation Exemptions: What Small Business Owners Need to Know
Patriot takes the Best for Customer Satisfaction distinction in the payroll category from Software Advice.
Read More Patriot Software Redefines Payroll Experience, Named “Best for Customer Satisfaction” in 2026
Key Takeaways − It may be time to hire an accountant if bookkeeping eats your time, feels confusing, or risks mistakes Before you transition, clean up your records, choose accounting software, and document your processes. A smooth handoff includes: organizing data, granting secure access, and setting expectations with your new accountant. The right accountant plus […]
Read More How to Transition From DIY Bookkeeping to a Professional Accountant
When a child wakes up sick or burnout hits midweek, most employees don’t think about policy language. They think about certainty.
Read More Americans Love PTO. They’re Still Confused By It.
Key Takeaways − Accounting mistakes can quietly cost you thousands in penalties, lost deductions, and bad decisions. Hiring a CPA costs money, but it can reduce errors, improve tax savings, and give you better financial insight. DIY accounting vs. hiring an accountant isn’t all-or-nothing. You can combine simple software with expert help. For many small […]
Read More Cost-benefit Analysis: The True Cost of Accounting Errors vs. Hiring a CPA
Quick Answer: You’ve likely outgrown DIY accounting when bookkeeping eats your nights and weekends, you’re second-guessing your numbers at tax time, and your books can’t keep up with growth. At that point, it’s time to upgrade your system, your support, or both.
Read More Signs Your Small Business Has Outgrown DIY Accounting
When employees wear multiple hats, payroll gets complicated fast. Here’s what small business owners need to know, including the overtime rules most people miss.
Read More Can You Pay an Employee Two Different Hourly Rates? Employer Considerations