Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). Learn how to calculate net pay to find your employees’ take-home wages.
Read More How to Calculate Net Pay: Step-by-step Guide and Examples
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.
How to Fill Out Form W-2: Box-by-box Breakdown
Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.
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New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
You don’t file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. How familiar are you with the new W-4 form for 2024?
Read More New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
What Happens If Payday Falls on a Bank Holiday? Mark Your Calendar
A whopping 65% of the U.S. population lives paycheck to paycheck. These employees (and likely all employees) count on receiving their wages on their scheduled pay date. But, bank holidays might pose a slight hiccup. What happens if payday falls on a bank holiday?
Read More What Happens If Payday Falls on a Bank Holiday? Mark Your Calendar
Common Tax Scams in 2024: IRS “Dirty Dozen” Highlights
Although the 2024 “Tax Day” is over, tax scams live on. The IRS compiles an annual list of common scams known as the “Dirty Dozen” list.
Read More Common Tax Scams in 2024: IRS “Dirty Dozen” Highlights
How to Calculate a Salary Raise Percentage for Your Employees
Fewer employers plan to give pay raises in 2024 than in 2023, according to SHRM. Even so, 79% of businesses plan to dole out pay raises. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to calculate a pay raise […]
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What Is the Corporate Tax Rate? [Federal & State Guide]
Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate?
Read More What Is the Corporate Tax Rate? [Federal & State Guide]
Answers to 18 Payroll Questions You Are Dying to Ask
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to Ask
EY Selects Unconventional Entrepreneur as Finalist for Entrepreneur of the Year® 2024
Canton, OH Patriot Software is proud to announce that its founder & CEO, Mike Kappel, has been selected by Ernst & Young LLP (EY US) as a finalist for the EY Entrepreneur Of The Year® 2024. Kappel is among 29 entrepreneurs selected by an independent panel of judges.
Read More EY Selects Unconventional Entrepreneur as Finalist for Entrepreneur of the Year® 2024
What Small Business Owners Should Know About Payroll Analytics
Are your employees working too much overtime? Who needs a raise? Are you spending too much money on a department? To get answers to these types of questions, analyze your payroll data. Use payroll analytics to make decisions, avoid overspending on payroll, and verify the accuracy of your payroll.
Read More What Small Business Owners Should Know About Payroll Analytics
