Employee Archives - Patriot Software

Employee Archives - Patriot Software Thu, 24 Oct 2024 20:01:22 +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 Employee Archives - Patriot Software 32 32 How to Employ Your Child: 10 Tips for Keepin’ It in the Family https://www.patriotsoftware.com/blog/payroll/hiring-your-child/ Fri, 05 Jul 2024 18:42:00 +0000 https://pslohio.wpengine.com/uncategorized/hiring-your-child/

Older man with glasses looking seriously at the camera.

Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!). […]

]]> Understand the Difference Between Exempt vs. Nonexempt Employees https://www.patriotsoftware.com/blog/payroll/understanding-exempt-vs-nonexempt-employees/ Thu, 02 May 2024 20:58:00 +0000 https://pslohio.wpengine.com/uncategorized/understanding-exempt-vs-nonexempt-employees/

Employees want the wages they deserve. Employers want to avoid penalties and fines. Want the best of both worlds? Understand the difference between exempt vs. nonexempt employees. Then, correctly classify your employees as part of your HR processes. That way, your team gets the wages they deserve, and you can skip the penalties for misclassifying […]

]]> What Is a Nonexempt Employee? https://www.patriotsoftware.com/blog/payroll/non-exempt-employees-and-the-fair-labor-standards-act/ Thu, 02 May 2024 20:56:00 +0000 https://pslohio.wpengine.com/uncategorized/non-exempt-employees-and-the-fair-labor-standards-act/

Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee? When an employee has nonexempt status, the Fair Labor Standards Act’s (FLSA) minimum wage and overtime laws come into […]

]]> W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business? https://www.patriotsoftware.com/blog/payroll/w2-employee-vs-1099-contractor/ Thu, 07 Mar 2024 19:38:24 +0000 https://www.patriotsoftware.com/?p=67324

Two co-workers discussing the difference between W-2 employee vs. 1099 contractor.

You’re ready for some help around your business. Should you hire a W-2 employee or a 1099 contractor? The choice might not be yours. There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant. Learn more about W-2 employees and 1099 contractors, the difference between […]

]]> Independent Contractor vs. Employee Classification https://www.patriotsoftware.com/blog/payroll/classifying-independent-contractors-vs-employees-infographic/ Mon, 15 Jan 2024 22:24:00 +0000 https://pslohio.wpengine.com/uncategorized/classifying-independent-contractors-vs-employees-infographic/

Business owner working with independent contractor.

Here’s a payroll question: How do you differentiate between employees and independent contractors? It all depends on the relationship between the potential employer and the worker, as outlined by the 2024 DOL contractor rule. It’s important to properly classify workers, but it can be tricky. Here’s an example: Joe runs his own construction business. Joe has […]

]]> New DOL Contractor Rule 2024: What to Know for Worker Classification https://www.patriotsoftware.com/blog/payroll/new-dol-rule-contractors-2024/ Mon, 15 Jan 2024 20:02:18 +0000 https://www.patriotsoftware.com/?p=66251

Not all workers are employees. Some might be independent contractors. Figuring out if your worker is an employee or independent contractor under the Department of Labor (DOL) guidelines can be difficult. The new DOL contractor rule 2024 aims to eliminate confusion. It provides detailed guidance on worker status. As a result, the number of workers […]

]]> What Is a Highly Compensated Employee? https://www.patriotsoftware.com/blog/payroll/who-is-a-highly-compensated-employee/ Wed, 03 Jan 2024 21:05:00 +0000 https://pslohio.wpengine.com/uncategorized/who-is-a-highly-compensated-employee/

Business owner putting a stack of money in someone's hand.

If your company offers retirement plan options, you have to ensure each employee can benefit equally from the plan. To do this, you must consider who is a highly compensated employee (HCE). Not familiar with highly compensated employees? No worries—we’ll go over the HCE definition, how to determine who is classified as a highly compensated […]

]]> How to Handle Pay and Employment Issues When You Hire Remote Workers https://www.patriotsoftware.com/blog/payroll/hire-remote-workers-pay-employment-issues/ Wed, 03 Jan 2024 18:21:00 +0000 https://pslohio.wpengine.com/uncategorized/hire-remote-workers-pay-employment-issues/

Remote work is becoming more common. If you hire remote workers who work in a different state than where your business is located, you need to know how to handle pay and employment issues. Pay and employment issues when you hire remote workers When you hire out-of-state employees, you must follow the laws of the […]

]]> How Much Does an Employee Cost? Busting Myths With an Infographic https://www.patriotsoftware.com/blog/payroll/how-much-does-an-employee-cost-infographic/ Mon, 24 Jul 2023 14:44:00 +0000 https://pslohio.wpengine.com/uncategorized/how-much-does-an-employee-cost-infographic/

The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages—you also pay payroll taxes, benefits contributions, and other miscellaneous expenses. Before hiring your first employee or adding to your staff, understand the true cost of adding to your team. How much does […]

]]> How Many Employees Does a Small Business Have? (+ Industry and State Charts) https://www.patriotsoftware.com/blog/payroll/how-many-employees-does-a-small-business-have/ Mon, 23 Jan 2023 19:44:41 +0000 https://www.patriotsoftware.com/?p=61132

Small business employees working in a clothing design company

Small businesses are the backbone of the American economy. The numbers don’t lie: 99.9% of American businesses are small businesses, and almost half (46.8%) of US employees work for small businesses. But what makes a small business small? Read on to learn how many employees a small business has and why qualifying as a small […]

]]>