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What Is Workers’ Compensation Fraud?

Patriot Software

Workers’ compensation insurance protects you by reimbursing employees when accidents take place. But, employees, employers, and even health care providers can take advantage of the system by committing workers’ compensation fraud. When an employee gets a work-related injury or illness, your business could be on the line.

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What Is Compensation? | Employer Guide

Patriot Software

If you have employees, you need to compensate them. And if you do, you need to know if those other wages count as compensation. Knowing what is compensation is a key part of putting […] READ MORE. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees.

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What Does Direct Compensation Include?

Patriot Software

As an employer, you may give employees several types of compensation, including direct compensation. So, what’s direct compensation? What is direct compensation? Direct compensation is the monetary benefit a business offers its employees in return for their service. And, what are the different types?

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A Look at Deferred Compensation Plans

Patriot Software

There are many benefits options you can offer to attract and retain employees, including deferred compensation plans. Learn what a deferred comp plan is, which types you might offer, how they benefit both employees and you, how deferred compensation tax works, and how to […] READ MORE.

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What Is a Highly Compensated Employee?

Patriot Software

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 […] READ MORE.

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Should You Offer a Nonqualified Deferred Compensation Plan?

Patriot Software

A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […] READ MORE. You know employees like employer-sponsored benefits.

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What Is Workers’ Compensation Insurance?

Patriot Software

No matter what type of business you run, there’s a chance employees could get hurt or sick. They might slip on a wet floor, fall off a ladder, cut themselves with a blade, or get in a car accident while running a business errand. Because your employees can become hurt or sick in numerous ways, […] READ MORE.