Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2.
Read More Form W-2 Box 12 Codes and Explanations
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel creates engaging and informative content aimed to help business owners understand complex accounting and payroll topics.
What Is the Difference Between Gross and Net Pay?
Running payroll can be confusing. Although it’s natural to have payroll questions when starting out, you can’t afford to get tripped up when it comes to gross vs. net pay. Knowing the difference between gross and net pay impacts employee wages, payroll withholdings, recordkeeping, and even employer laws.
Read More What Is the Difference Between Gross and Net Pay?
Workplace Injury: What to Do When an Employee Is Injured at Work
Employers reported over 2.8 million injury and illness cases in 2022. A workplace injury can happen in any industry, from manufacturing to finance. You must cultivate and maintain a safe work environment for your employees.
Read More Workplace Injury: What to Do When an Employee Is Injured at Work
How to Conduct an Audit of Your Small Business
A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can—and should—conduct regularly. To do that, you need to know how to conduct an audit.
Read More How to Conduct an Audit of Your Small Business
Payroll KPIs and Statistics: Small Business Payroll Performance
Running payroll is more than cutting employees a check for their hours worked. Payroll takes time. A lot goes into calculating and withholding taxes and deductions. There’s room for mistakes and opportunities for improvement. You can use payroll KPIs, or key performance indicators, to analyze how well you manage payroll.
Read More Payroll KPIs and Statistics: Small Business Payroll Performance
How to Hire and Manage Temporary Employees
Do you need an extra set of hands for a few weeks or months? You may opt for a temporary employee. Temporary employees can cover for employees on leave, help during your busy season, or fill in gaps in the workplace.
Read More How to Hire and Manage Temporary Employees
What Is Pay as You Go Workers’ Comp?
Workers’ compensation insurance isn’t just a great way to help protect your business investment. In many states, it’s required if you have employees. Pay as you go workers’ comp lets employers pay only for the workers’ comp insurance they need in real-time.
Read More What Is Pay as You Go Workers’ Comp?
Examples of Contingent Liabilities Your Small Business May Need to Record
You probably know your company’s liabilities, aka debts your business owes. But how often do you think about liabilities that you may or may not have, depending on the outcome of a future event?
Read More Examples of Contingent Liabilities Your Small Business May Need to Record
How to Calculate Hours Worked for Payroll [+ Tools to Use]
You must know each employee’s hours worked to run payroll. To do that, you must calculate hours worked. So, what does the process of calculating hours worked look like? Learn how to calculate hours worked step-by-step below, plus get an in-depth example.
Read More How to Calculate Hours Worked for Payroll [+ Tools to Use]
Payroll Cutoffs: Best Practices to Pay Your Employees on Time
Paying your employees on time is essential, especially because 62% of Americans live paycheck to paycheck. Plus, many state pay frequency requirements regulate when you pay employees. Understand payroll cutoffs to pay your team on time, every time. So, what is a “payroll cutoff?”
Read More Payroll Cutoffs: Best Practices to Pay Your Employees on Time
