Ready to invest in innovation within your business? If so, you could be eligible for a powerful incentive: the federal research and development (R&D) tax credit. The R&D tax credit is available to businesses that create or improve products, processes, software, or technologies.
Read More Research and Development (R&D) Tax Credit—Do You Qualify?Patriot Software's Blog
How to Start—and Get Funding—for Your Microbusiness
June 30, 2025Have you heard of a microbusiness? Even if you haven’t heard the term, you probably could list at least five microbusinesses off the top of your head. A microbusiness is a small business with fewer than 10 employees—think your local coffee shop, boutique, or food truck.
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Can I Handle Payroll In-house Without an Accountant? How Software Makes it Happen
June 25, 2025Payroll is a complex process that involves calculating wages, withholding taxes and deductions, and more. Because of its complexities, you may not know how to process payroll, in-house or using a third party. What’s the difference between in-house payroll vs. outsourcing?
Read More Can I Handle Payroll In-house Without an Accountant? How Software Makes it Happen
HRA vs. HSA: Which Is Better to Offer Your Team?
June 23, 2025In 2023, health spending increased by 7.5%. Most workers in the United States, 96%, believe a job should offer health insurance. There are several health benefits you can provide, including HRAs and HSAs. What’s the difference between an HRA vs. HSA?
Read More HRA vs. HSA: Which Is Better to Offer Your Team?
How to Create a Profit and Loss Statement
June 16, 2025A profit and loss statement is one of the most important tools you have in your business to determine profitability. Do you know how to create a profit and loss statement?
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Should You Get Payroll Insurance?
June 11, 2025If you have employees, payroll might be your largest expense. You may consider getting certain types of payroll insurance to protect payroll-related operations and your business bottom line.
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Net Income vs. Gross Income: Know Your Business Profits
June 9, 2025Understanding how your business earns, and keeps, money is fundamental to financial success. You can look at gross income and net income to gauge business profitability. But what is the difference between net income vs. gross income? And why does it matter for your business?
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Payroll-to-revenue Ratio: Should 15% – 30% of Revenue Go to Paying Your Team?
June 2, 2025Are you spending too much of your company’s hard-earned revenue on payroll expenses? You can use the payroll-to-revenue ratio to find out.
Read More Payroll-to-revenue Ratio: Should 15% – 30% of Revenue Go to Paying Your Team?
Cell Phone Reimbursement: Is it Taxable?
May 27, 2025As many as 98% of organizations provide full or partial cell phone reimbursement to employees for their mobile phone expenses.
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Maryland Sick and Safe Leave Law Mandates That Employees Receive Paid Sick Leave
May 20, 2025Like several other states, Maryland requires that employers provide sick leave. Maryland sick and safe leave ensures employees receive paid or unpaid time off when they cannot work.
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