Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return, Form 1120. Do you know how to fill out Form 1120?
Read More How to Fill Out Form 1120: A Guide for Corporations
Dear Patriot Software Customers, As I mentioned in my March 14th timeline update to you, your payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape, and our Customer Support staff is here to help you. So, you are good to go – meaning that you can […]
Read More Patriot’s CEO Apologizes Dear Patriot Software Customers, Payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape. FYI, my Team at Patriot Software has been working very long hours to support our hard-working customers taking thousands of phone calls, and I sincerely want you to know that we have your […]
Read More CEO Letter to Customers | SVB Closure Doesn’t Stop Patriot Software Dear Patriot Software Customer, I’m sure you’ve heard the news that on Friday 3/10/23 the 16th-largest bank in the USA, Silicon Valley Bank (SVB), was shut down by California regulators, and it’s now under the control of the FDIC. Up until 3/10/23, SVB was the bank that Patriot Software used for 100% of its activities. […]
Read More An Update from Our CEO To Whom It May Concern, I am Mike Kappel, CEO of Patriot Software in Canton, OH. I am calling on our government and lawmakers to step in and put their full weight behind SVB immediately in order to make tens of thousands of hardworking American businesses and their families whole again. Patriot, as we call […]
Read More An Open Letter to Our Government Canton, Ohio Patriot Software, an online payroll and accounting company, announced today that some employee direct deposits were affected by the abrupt Silicon Valley Bank closure. In this unprecedented event, the FDIC announced Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal […]
Read More SVB Closure Is Unacceptable
How often do you need to pay your employees? When you choose a paycheck frequency for your business, you need to follow state and federal payment laws. Learn about pay frequency requirements by state and federal payday laws.
Read More Must-know Pay Frequency Requirements by State
Have you heard about the Service Industry Tip Compliance Agreement program, otherwise known as SITCA?
Read More IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know
Do you have a small business as defined by the Affordable Care Act (ACA)? Do you offer health insurance to your employees? If so, you might be eligible for health insurance tax credits for the coverage you provide your employees. And, you may qualify for write-offs if you’re self-employed. Keep reading to find out if […]
Read More Health Insurance Tax Credits for Small Business Owners
“What’s your occupation?” Everybody gets this question: at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too. To find out, federal and state […]
Read More SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?