Patriot Software

MAY 18, 2022

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.

Compensation 90

Compensation Payroll 90

Patriot Software

SEPTEMBER 6, 2022

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?

Compensation 69

Compensation Payroll 69

Patriot Software

OCTOBER 13, 2022

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.

Compensation 76

Compensation ATS Compliance Training How To 76

Patriot Software

MAY 9, 2022

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.

Compensation 66

Compensation Retirement Company How To 66

Patriot Software

OCTOBER 13, 2022

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.

Compensation 65

Compensation How To Payroll 65

Patriot Software

OCTOBER 19, 2022

If you’re an employer, you are responsible for handling payroll taxes for your employees. And on top of your payroll responsibilities, you might also need to get workers’ compensation coverage. Read on to learn all about […] READ MORE.

Industry 85

Industry Payroll Compensation Compliance Training 85

Patriot Software

OCTOBER 11, 2022

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.

Compensation 73

Compensation Payroll 73

Patriot Software

MARCH 13, 2019

Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. And, it is the cash or non-cash compensation taken into consideration to accurately reflect an individual’s taxable income. Patriot’s online payroll software calculates the proper taxes for you.

Payroll 45

Payroll Examples Compliance Training Compensation 45

Patriot Software

JANUARY 4, 2023

You may have heard the phrase “If you have time to lean, you’ve got time to clean.” It’s a saying beloved by managers across the country and cuts to the core of the nonexempt employee/wage relationship. Nonexempt employees get paid because they work for a certain period of time. But what if an employee is […] Read More.

Compensation 68

Compensation Payroll 68

TrustRadius HR

JULY 27, 2022

Payroll is the lifeblood of HR. So if you want to maintain the peace and not break the bank doing it, check out these payroll options. What Does Payroll Software Do? What Does Payroll Software Do? Payroll software automates, simplifies, and streamlines the payroll process. Tax Filings.

Hiring Software 98

Hiring Software Onboarding Software Planning Tools HR Software 98

Patriot Software

JULY 22, 2019

If you’re an employer, you are responsible for handling payroll taxes for your employees. And on top of your payroll responsibilities, you might also need to get workers’ compensation coverage. appeared first on Payroll Tips, Training, and News. Read on to learn all about […]. Read on to learn all about […].

Industry 41

Industry Payroll Compliance Training Compensation 41

Patriot Software

SEPTEMBER 12, 2022

Having workers’ compensation insurance isn’t only a smart business move—in most cases, it’s a required one, too. But doling out lump sum payments for workers’ compensation premiums can take its toll on your business. Workers’ compensation insurance basics What is workers’ compensation?

Compensation 74

Compensation Payroll 74

TrustRadius HR

JULY 6, 2022

The average small business owner spends nearly five hours per pay-period processing payroll (Try saying that five times fast). 65% of small business owners said they would rather outsource their payroll processing. 45% said that outsourcing payroll was too costly. What Does Payroll Software Do? What to Consider?

Hiring Software 98

Hiring Software Onboarding Software HR Software Planning Tools 98

Patriot Software

OCTOBER 13, 2022

If you’re an employer in the state of New York, you may have heard of the Employer Compensation Expense Tax (ECET) that started in 2019. But, did you know that the ECET, established by the Employer Compensation Expense Program (ECEP), is optional?

Compensation 79

Compensation Payroll 79

Patriot Software

OCTOBER 13, 2022

Deferring compensation is one strategy employees can use to reduce their tax liability. Qualified and nonqualified are the two types of deferred compensation plans. Qualified vs. nonqualified plans Qualified and nonqualified deferred compensation plans are both employee benefits for small business.

Compensation 66

Compensation Employee Benefits Strategy Compliance Training 66

Patriot Software

OCTOBER 12, 2022

Many nonprofit organizations have employees and they are well compensated for their work. Nonprofits tend to attract and retain top talent by giving their employees compensation that is similar or equal […] READ MORE. This isn’t always true.

How To 74

How To Compensation Wellness Payroll 74

Patriot Software

OCTOBER 20, 2022

With workers compensation insurance, experience rating modification allows a group of businesses to share the risk of undergoing a loss. The average rate of illness or injury at the workplace can affect employers’ insurance costs.

ATS 74

ATS Compensation Groups Payroll 74

Patriot Software

MARCH 10, 2023

In this article, we’ll go over: What compensation is subject to withholding? If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different. Employers are […] Read More

Compensation 77

Compensation Payroll 77

Patriot Software

OCTOBER 19, 2022

And, many businesses had or have pay secrecy policies to prevent employees from talking about their compensation. For many years, it was typical for employers to discourage discussions about pay in the workplace. Nowadays, pay transparency is on the rise to help combat gender inequality at work.

Policies 90

Policies Compensation Company ATS 90

Patriot Software

JULY 31, 2019

And, many businesses had or have pay secrecy policies to prevent employees from talking about their compensation. appeared first on Payroll Tips, Training, and News. According to the Department of Labor, nearly half of all workers said they were strongly discouraged or forbidden from discussing their pay […].

Policies 47

Policies Payroll Compensation Training 47

Patriot Software

DECEMBER 15, 2021

Employers often want to offer attractive compensation packages to bring in good employees. But, compensation goes beyond an employee’s hourly or salary wages. It also includes additional small business employee perks, known as fringe benefits. So, what are fringe benefits? And, what are the types of fringe benefits?

Compensation 83

Compensation Payroll 83

Patriot Software

OCTOBER 1, 2022

Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated. When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working.

Compensation 66

Compensation Payroll 66

Patriot Software

JANUARY 23, 2019

Employee compensation laws for donning and doffing. Compensating your employees for donning and doffing depends on your type of business, company policies, and whether or not you have an agreement or contract. Check out laws pertaining to employee compensation for donning and doffing below. Integral activities.

Compensation 47

Compensation Compliance Training HR Software Payroll 47

Patriot Software

OCTOBER 10, 2022

When you hire a full-time employee, it’s important to offer attractive benefits in their compensation package. They can speed up operations, come up with innovative ideas, and free up your time. Do part-time employees get benefits, too? What is a part-time employee? Before determining part-time […] READ MORE.

Compensation 80

Compensation Hiring Payroll 80

Patriot Software

OCTOBER 18, 2022

In the foodservice industry, tips are an important part of employee compensation. Tips are added to employee wages so they can earn at least minimum wage. But, what happens when a tipped employee earns few tips? What are allocated tips?

Compensation 79

Compensation Industry Report ATS 79

Patriot Software

OCTOBER 11, 2022

When a holiday occurs, you might want to share holiday cheer with your employees in the form of compensation. Holidays are normally times of joy and showing kindness to others. Holiday pay can come in a couple of forms, and it often depends on if employees work on the holiday. What is holiday pay? There […] READ MORE.

Compensation 77

Compensation Payroll 77

Patriot Software

JANUARY 28, 2019

You may use a few payment methods to compensate employees. There are a number of supplemental wages you can use to compensate employees. Retroactive pay is compensation that you owe an employee from a previous pay period. Paying retro wages is mandatory because the employee is entitled to the compensation you neglected to pay.

Wage and Hour Training 47

Wage and Hour Training Payroll Compensation Compliance Training 47

Patriot Software

MARCH 27, 2023

Employee benefits beef up your compensation package. They can make or break your ability to hire and retain employees. For the most part, you can choose what to offer employees. But, there are several mandatory benefits you can’t afford to ignore. You not only need to stay competitive but also compliant.

Compensation 63

Compensation Employee Benefits Hiring Compliance Training 63

Patriot Software

APRIL 1, 2019

A salary structure, or pay scale, is a system that employers use to determine an employee’s compensation. The post 3 Types of Salary Structure You Should Know appeared first on Payroll Tips, Training, and News. What is a salary structure? A standard salary […].

Payroll 40

Payroll Compliance Training Compensation System 40

Patriot Software

OCTOBER 14, 2022

If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2. The codes range from life insurance coverage to […] READ MORE.

Compensation 71

Compensation Report Payroll 71

Patriot Software

FEBRUARY 6, 2019

Reconciling is comparing Form 941 information with your payroll records. You must reconcile the following for Form 941: Compensation. Consider utilizing a worksheet, spreadsheet, or document to track wages and payroll taxes withheld each quarter. Using reports from payroll software. Federal income tax withholding.

Payroll 45

Payroll Compliance Training Software Report 45

Patriot Software

OCTOBER 11, 2022

Employee benefits are an important part of compensation. The small business employee benefits you can offer are endless. Benefits include common benefits such as health insurance and unique benefits such as catered lunches. You want to offer the right benefits to attract and retain employees. So, how do you know which benefits to offer?

Employee Benefits 69

Employee Benefits Compensation Payroll 69

Patriot Software

SEPTEMBER 20, 2022

There are various methods to compensate employees, including hourly, salary, and commission pay. But, are you familiar with piecework pay? Learn more about what is piecework, piecework laws to follow, and how to calculate piecework pay. What is a piecework?

Compensation 68

Compensation Compliance Training How To Payroll 68

Patriot Software

JANUARY 12, 2022

What is internal equity compensation? When it comes to your business, one of your goals is likely to attract and retain top talent. One way you can do this is by looking at your internal equity. But, what is internal equity? And, what does it have to do with equal pay? Internal equity boils down […] READ MORE.

Compensation 81

Compensation ATS Payroll 81

Patriot Software

JANUARY 17, 2022

But, do you need to compensate employees for the time they spend resting and eating (aka are breaks required by law to be paid?). We all need to rest and eat—including your employees. To answer this all-important question, you need to know employee break laws. Read on to learn: Federal break laws for meal and […] READ MORE.

Compensation 76

Compensation Compliance Training Payroll 76

Patriot Software

NOVEMBER 22, 2021

But, what is variable compensation exactly? As an employer, you want to see your employees succeed and grow along with your company. To reward employees for great performance, you may decide to give them variable pay. What is variable pay?

Compensation 75

Compensation Company Payroll 75

Patriot Software

JUNE 27, 2022

The 3401(a) compensation definition […] READ MORE. If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules. What are 3401(a) wages?

Retirement 60

Retirement Compensation Course Payroll 60