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 […]
Read More Golden Rules of Accounting: The Three Rules You Should Always FollowPatriot Software's Blog
May 2, 2024
Understand the Difference Between Exempt vs. Nonexempt Employees
Employees want the wages they deserve. Employers want to avoid penalties and fines. Want the best of both worlds? Understand the difference between exempt vs. nonexempt employees.
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May 2, 2024
What Is a Nonexempt Employee?
Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee?
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May 2, 2024
What Is an Exempt Employee?
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?
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May 2, 2024
What Is Overtime? Details Every Business Owner Needs to Know
If you pay employees, you need to know about overtime pay laws and how they can affect your business. So, what is overtime? Dive into everything you need to know about overtime pay below.
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