Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […]Read More What Is Burden Rate?
Taking on business debt can be a good thing. Debt can help you finance your business, purchase more items, and expand your offerings. But, there is a dark side to debt. Debt can become too much to handle and overwhelm your business. If your business doesn’t meet sales projections, its debt can get out of […]Read More 7 Ways to Get Out of Business Debt
Canton, Ohio Patriot Software, LLC invoiced over 10 thousand customers in November 2017. Patriot makes and sells online accounting and payroll software for U.S. small business owners.Read More Patriot Software Invoices Over 10,000 Customers
Payroll compliance isn’t a once per year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like […]Read More The Payroll Compliance Checklist You Need to Use
Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.Read More Are Reimbursements Taxable?
When you run payroll, you must comply with payroll and labor laws. Brush up on payroll compliance legislation and common compliance mistakes so you can accurately run payroll without fear of penalties.Read More Payroll Compliance Legislation and Common Mistakes
Canton, Ohio Patriot Software, LLC added multi-location functionality to its payroll software products. Companies can now set up more than one work location under the same employer identification number (EIN). Patriot customers can add employee worksites that are in different cities and states. They can assign each employee to a specific work location. Customers can […]Read More Patriot Software Adds Multi-location Features to Payroll Software
When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?Read More Who Pays Unemployment Tax?
You might have heard about PEOs and wondered what they could do for your small business. They offer a lot of benefits, but they come at a price. What is a PEO? Is it a good option for your business, or is there a better option out there?Read More Is a PEO Worth the Cost for Your Business?
Paying employees electronically is a good option. You use less paper and employees are less likely to lose their checks. Because the payments go directly into employee bank accounts, your workers are guaranteed to get their money. As you look at ways to send electronic payments, you might come across two methods: ACH and wire […]Read More ACH vs. Wire Transfers: Which Should You Use to Pay Employees?