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About Mike Kappel

Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 20 years of experience to small business owners.

Author Archive | Mike Kappel

Computer and desk representing what is FEIN.

What Is an FEIN?

When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean?

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Learn about the FLSA statute of limitations on back pay.

FLSA Provisions for Recovering Back Pay

Employees might be entitled to back pay based on several federal and state laws. The Fair Labor Standards Act (FLSA) is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might be able to receive […]

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What is compensation?

What Is Compensation?

You give your employees a regular paycheck. But, you might also give other wages to your employees. Do those other wages count as compensation? What is compensation?

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Form 8027

Do I Need to File Form 8027?

In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027.

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What is form 8655?

What Is Form 8655?

When signing up for payroll services that include tax filing, you’ll be asked to fill out Form 8655. The company won’t be able to file or deposit your taxes until you submit the form. So, what is IRS Form 8655 used for? Find out below.

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Small Business Attendance Policy

Employees streamline business operations, but what happens when they frequently skip work or show up late? Those streamlined business operations will start to become inefficient. To encourage attendance and monitor employees, you need a small business attendance policy. According to the Bureau of Labor Statistics (BLS), the total absence rate for all full-time positions is […]

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Employees can earn a commission for car sales.

What Is Commission?

Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission?  

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What Is the Fair Credit Reporting Act?

Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report. But before looking into an individual’s credit, you need to know about the Fair Credit Reporting Act. What is the […]

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The OSH Act protects workers.

Learn How the OSH Act Applies to Your Business

As an employer, it’s your job to make sure your employees stay safe at work. You must make sure they don’t become ill or get injured from anything at your business. To ensure workplace safety, you must follow the Occupational Safety and Health Act.

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Social Security wage base

What You Need to Know About the Social Security Wage Base

Social Security tax is an employer and employee tax. That means you are required to withhold a percentage of each employee’s wages and make a matching contribution. The Social Security tax generally does not change from year to year (with some exceptions). However, you need to know about the Social Security wage base. The Social […]

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