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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

Give a cost of living raise to help employees keep up with living expenses.

What Is a Cost of Living Raise?

Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise.

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draw against commission

What Is a Draw Against Commission?

If you have sales staff, you might pay them commissions. Paying employees with sales commissions can incentivize employees to make more sales. While commissions can get employees to sell more, employees aren’t guaranteed a steady pay. To give your sales staff more financial stability, you can use a draw against commission system.

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fsa vs. hsa options

FSA vs. HSA: What’s the Difference?

There are many benefits you can choose to offer your employees. Flexible spending accounts (FSA) and health savings accounts (HSA) are both great healthcare plans that reduce an employee’s income tax liability and let them pay for medically-related expenses. It’s important for employees and employers to understand the difference between FSA vs. HSA.

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Learn what you need to know about giving an employee a salary advance.

What to Know About Salary Advances

Sometimes, an employee might hit a financial rough patch. Something unexpected might happen, such as a medical emergency, that requires more money than the employee has saved up. If this happens, the employee might ask you for a salary advance to help them make ends meet. Before you begin giving payroll advances, you need to […]

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Pros and Cons of Direct Deposit

Pros and Cons of Direct Deposit

There are a few different payment options you can offer your employees. Direct deposit is one popular choice for both employees and employers. Before implementing it at your business, weigh the pros and cons of direct deposit.

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What Is an ITIN?

What Is an ITIN?

For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?

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What Is an FSA?

As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy. One plan you can offer employees is an FSA. What is an FSA?

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What Is an HSA?

What Is an HSA?

Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA?

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What Is Form 944?

What Is Form 944?

As an employer, you are required to withhold taxes from employee wages. You must then file and deposit the federal payroll taxes. In most cases, companies are required to file quarterly federal payroll and income taxes. But, sometimes, very small businesses can file Form 944 once a year instead. What is IRS Form 944?

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Learn about time-and-a-half pay for overtime work.

What Is Time and a Half?

Generally, employees will work their set hours, and you will pay them their regular rate of pay. Sometimes, employees might have to work more time. If this happens, you may have to pay your employees a higher rate of pay called time and a half.  

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