As an employer, you’re responsible for withholding certain taxes from employees’ wages. One of the taxes you may need to withhold is local income tax. Read on to get the scoop on this tax, and learn how to calculate local income tax.
Read More How to Calculate Local Income Tax: Guide for EmployersPatriot Software's Blog
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What Is a Private Letter Ruling from the IRS?
Do you have questions about your tax situation that nobody can seem to answer? If so, you may need a private letter ruling from the IRS. What exactly is it, and how do you get it?
Read More What Is a Private Letter Ruling from the IRS?What Exactly Is Courtesy Withholding?
Do your employees live in a different city than the one they work in? Does that city have local income tax? If so, you might consider implementing courtesy withholding to simplify your employee’s tax responsibilities.
Read More What Exactly Is Courtesy Withholding?What Is an IPO? The Process of Going Public
If your business is private, at some point or another you may consider going public. When you go public, you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public.
Read More What Is an IPO? The Process of Going PublicHow to Determine Profit Margin for Your Small Business in 3 Simple Steps
To grow your business, you need to track financial information and measure performance. One metric you should be keeping an eye on is your business’s profit margin. Read on to learn how to determine profit margin for your company and ways to improve your margins.
Read More How to Determine Profit Margin for Your Small Business in 3 Simple StepsAre You Keeping up With Your VETS Reporting Responsibilities?
Does your business have a contract with the government? If so, you may be responsible for following specific federal regulations, like reporting on your efforts to employ veterans. How much do you know about your VETS reporting responsibilities?
Read More Are You Keeping up With Your VETS Reporting Responsibilities?What to Know About Business Property Tax
As a business owner, you’re responsible for paying certain business-related taxes. If you own property that you use for business operations, one of the taxes you need to pay is business property tax. Read on to learn all about property tax for business, including how to calculate and pay it.
Read More What to Know About Business Property TaxWhat are the Pros and Cons of Incorporating a Business?
At some point or another, you may decide to incorporate your company. Like many things in business, incorporation has its advantages and disadvantages. Read on to learn the pros and cons of incorporating a business to determine if it’s a good fit for your company.
Read More What are the Pros and Cons of Incorporating a Business?Consumer Protection Laws: How Well Do You Know Them?
Your customers are your business’s top priority. But do your practices back that up? When it comes to things like customers’ rights, there’s no room for errors. Understand consumer protection laws to stay compliant.
Read More Consumer Protection Laws: How Well Do You Know Them?Where to Send SUTA Tax? Unemployment Tax Rules for Multi-state Employees
Do you have employees who live in a different state than where they work? Then you might be wondering where to send your state unemployment (SUTA) tax payments. The answer lies in the unemployment tax rules for multi-state employees.
Read More Where to Send SUTA Tax? Unemployment Tax Rules for Multi-state Employees