As a small business owner, you have likely heard of the terms gross or net income. But, are you familiar with adjusted gross income? Learn what is adjusted gross income, how to calculate it, and uses for adjusted gross income below.
Read More What Is Adjusted Gross Income? How to Calculate AGI [With an Example]Patriot Software's Blog
June 5, 2024
Trade Name vs. Business Name: Do You Know the Difference?
One of the first things you do as a business owner is choose a business name. Your business can operate under your legal business name. Or, you can operate your company under a trade name. So, what’s the difference? Read on to learn more about business names vs. trade names and how they contrast.
Read More Trade Name vs. Business Name: Do You Know the Difference?
June 5, 2024
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
June 5, 2024
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
May 30, 2024
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
May 29, 2024
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
May 22, 2024
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?
May 21, 2024
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
May 21, 2024
Patriot Software’s Accounting Customers Can Get Paid Faster
Canton, OH Patriot Software, a leading accounting and payroll software provider for American businesses, proudly announces the launch of its newest feature for accounting customers: ACH payments on invoices for customers who integrate with Stripe. With Stripe, customers can access 2-day timing for ACH settlement, compared to 4-5 business days for standard ACH settlement. Stripe’s […]
Read More Patriot Software’s Accounting Customers Can Get Paid Faster
May 17, 2024
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]
