Patriot Software Blog

Patriot Software Blog Mon, 28 Oct 2024 19:18:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Patriot Software Blog 32 32 State-mandated Retirement Plans: Don’t Get Tripped up https://www.patriotsoftware.com/blog/payroll/state-mandated-retirement-plans/ Mon, 07 Oct 2024 15:10:00 +0000 https://www.patriotsoftware.com/?p=57092

Woman researching state-mandated retirement plans.

State-mandated retirement plans are here to nudge (erhm, push) employers into helping employees save for their future. But, all the different rules and regulations can cause you to trip on your way to offering retirement plans. Don’t get tripped up. We’re here to help you understand your responsibilities. Read on to learn about states with […]

]]> Single-entry Bookkeeping: Should You Use It? https://www.patriotsoftware.com/blog/accounting/what-is-single-entry-bookkeeping-system-example/ Thu, 03 Oct 2024 19:15:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-single-entry-bookkeeping-system-example/

As your small business begins to make transactions, you must record them in your books. If you want an “easy” way to track business finances, you may consider using single-entry bookkeeping instead of double-entry bookkeeping. Single-entry bookkeeping lets you record transactions quickly so you can get back to running your business. But what are the […]

]]> S Corp vs. LLC: Which Is Better for Your Business? https://www.patriotsoftware.com/blog/accounting/scorp-vs-llc/ Thu, 03 Oct 2024 14:03:00 +0000 https://www.patriotsoftware.com/?p=51679

When you start a company, there are several business structures. Two popular types of business structures are an S corporation and LLC. Are you choosing between these structures? Find out the key differences between S Corp vs. LLC and learn which is best for you. S Corp vs. LLC Many business owners decide between starting […]

]]> Do Night Shift Workers Get Paid for Daylight Savings? And More Payroll Questions https://www.patriotsoftware.com/blog/payroll/night-shift-workers-daylight-saving-time/ Wed, 25 Sep 2024 20:02:00 +0000 https://www.patriotsoftware.com/?p=61957

Seven out of 10 Americans aren’t fans of changing the clocks at the start and end of daylight saving time (DST). And if you have employees who work the graveyard shift, you might not like the payroll issues that come with DST. So, how does daylight savings time work when employees are on the clock? […]

]]> Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers https://www.patriotsoftware.com/blog/payroll/alabama-overtime-tax-law/ Tue, 24 Sep 2024 13:43:17 +0000 https://www.patriotsoftware.com/?p=67242

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses.

]]> How to File Employee Taxes (Federal Income, Social Security, & More) https://www.patriotsoftware.com/blog/payroll/how-to-file-employee-taxes/ Wed, 18 Sep 2024 15:37:28 +0000 https://www.patriotsoftware.com/?p=70295

Business owner filing employee payroll taxes online.

You’re part business owner, part marketer, and part … payroll tax filing extraordinaire. And being a payroll tax filing extraordinaire requires that you know how to file employee taxes. Filing payroll taxes takes time and an understanding of the process. Read on to learn more about filing employee taxes. And, find out how online payroll […]

]]> Tax Relief in Disaster Situations https://www.patriotsoftware.com/blog/accounting/tax-relief-disaster-situations/ Tue, 10 Sep 2024 15:58:00 +0000 https://www.patriotsoftware.com/?p=50390

When disaster strikes, you have a lot on your mind. Your first thoughts might be of repairing damages and getting your business back up and running. But then, it hits you … Oh no, my taxes are due soon. Thankfully, there’s tax relief in disaster situations. Tax relief isn’t the only type of government assistance […]

]]> Patriot Software Meets Gold Standard with Security https://www.patriotsoftware.com/blog/press/soc2-type2-compliant/ Wed, 04 Sep 2024 15:30:00 +0000 https://www.patriotsoftware.com/?p=69291

two people looking at computer reading about soc 2 type II compliance

Canton, Ohio In a world where data breaches are the new normal, Patriot Software, an industry disruptor in the accounting and payroll software market, proudly elevates data security with advanced protections. The company has achieved SOC 2 Type II compliance, a testament to its unwavering commitment to safeguarding customers’ most valuable asset: their data. Cybercriminals […]

]]> ERC Voluntary Disclosure Program Reopened, Giving Discounts on Questionable Claims https://www.patriotsoftware.com/blog/payroll/erc-voluntary-disclosure-program/ Thu, 29 Aug 2024 19:29:00 +0000 https://www.patriotsoftware.com/?p=66057

Business owner learning about the Employee Retention Credit Voluntary Disclosure Program

The employee retention credit (ERC) was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty upfront fees. As a result, a slew of unqualified applications flooded […]

]]> Beneficial Ownership Information Reporting Is Required for LLCs, Corps, More https://www.patriotsoftware.com/blog/accounting/beneficial-ownership-information-reporting/ Thu, 29 Aug 2024 16:04:00 +0000 https://www.patriotsoftware.com/?p=65406

Woman reading through beneficial ownership information documents.

A new rule, known as company beneficial ownership information reporting, took effect on January 1, 2024, impacting small business owners nationwide. Depending on your business structure, you must report beneficial ownership information (BOI)—aka who owns and controls your company—to the U.S. government. If you fail to comply, you could face hefty penalties of $591 per […]

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