Communicating Coronavirus Updates to Your Employees: The Patriot Software Way

Patriot Software

Patriot Software is headquartered in Ohio, a state that’s been at the forefront of pandemic response. Patriot Software’s President and Chief Legal Officer, Mike Wheeler—who is a licensed attorney in the state of Ohio—has been in daily communication […].

Payroll Articles 2019 | Year in Review With Patriot Software

Patriot Software

Luckily, Patriot’s payroll blog has the answers to your most-asked payroll-related questions. The post Payroll Articles 2019 | Year in Review With Patriot Software appeared first on Patriot Software. With so much payroll information and so little time, it can be difficult to keep up as a business owner. Interested in seeing our most popular payroll articles from this year? Check out our top 10 most-read payroll articles 2019. Top payroll articles […].

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Payroll Articles 2019 | Year in Review With Patriot Software

Patriot Software

Luckily, Patriot’s payroll blog has the answers to your most-asked payroll-related questions. The post Payroll Articles 2019 | Year in Review With Patriot Software appeared first on Payroll Tips, Training, and News. With so much payroll information and so little time, it can be difficult to keep up as a business owner. Interested in seeing our most popular payroll articles from this year? Check out our top 10 most-read payroll articles 2019. Top payroll articles […].

What to Know About Joint Employment

Patriot Software

If you have employees through a staffing agency or share your employees with another employer, you are likely a joint employer. And if you’re a joint employer, you need to know about joint employment. So, what is joint employment, and what is a joint employer exactly?

How to Reduce Absenteeism in the Workplace

Patriot Software

It’s a fact of any business: Employees occasionally miss work and absenteeism is going to happen. Sure, absenteeism isn’t always avoidable. But, there are steps you can take to reduce absenteeism in the workplace.

The 0.9% Additional Medicare Tax You May Need to Withhold

Patriot Software

Calculate wages. Withhold taxes. Repeat. That’s the cycle of running payroll for you. But every so often, you’ll get a curveball that changes tax rates. And if an employee earns beyond a certain amount, that curveball is the additional Medicare tax.

How to Pay Payroll Taxes: A Step-by-step Guide

Patriot Software

There are a lot of things to keep track of as a business owner, with payroll taxes being one of them. The IRS requires you to withhold payroll taxes on your employees’ earnings and also contribute payroll taxes. This process can be complicated if you aren’t prepared.

How Often Employees Get Paid Depends on One Thing—Pay Frequency

Patriot Software

Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it. If you’re asking yourself what is pay frequency, no worries.

Can a Tip Reporting Sheet Simplify Your Life? Yes! Here’s How.

Patriot Software

Do some or all of your staff make a good deal of their income off of tips? Wait staff, bartenders, and taxi drivers depend on tip income. Just like wages, tips have a few tax-related requirements that come with them.

Does Illinois Secure Choice Affect Your Small Business? 

Patriot Software

A quarter of adults in the U.S. don’t have retirement savings. One reason? Not all employees have access to an employer-sponsored retirement program. Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice).

Connecticut Employers, How Much Do You Know About MyCTSavings?

Patriot Software

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).

“The First State” Becomes the 11th: Delaware Paid Family Leave Coming Soon

Patriot Software

With the passage of the Healthy Delaware Families Act (the Act), Delaware became the 11th state to guarantee paid parental, medical, and military leave for employees. Delaware paid family leave (PFL) touches the lives of both employees and their employers.

CalSavers & Your Small Business: You May Be Required to Offer a Retirement Program

Patriot Software

In 2019, the state of California put in place the CalSavers Retirement Savings Program, with the goal of enabling California residents to save for retirement. Now, California’s June 30th Calsavers deadline for employers with five or more employees is looming closer.

Safe Harbor 401(k) Plan: How to Maximize Your Small Business’s Savings 

Patriot Software

In the United States, the most common type of retirement plan is the trusty 401(k). With over 60 million active participants and an estimated $7.3 trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve.

The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania 

Patriot Software

Payroll tax in Pennsylvania is notoriously difficult, confusing, and overwhelming for new and veteran employers alike. And when it comes to payroll, you probably don’t want to waste time making preventable payroll mistakes.

Tax-deductible Donations to Ukraine: Employee PTO Donations

Patriot Software

Russia’s invasion of Ukraine has people across the U.S. thinking of ways to donate to the Ukrainian people. Businesses giving charitable donations, like money and property, are common. But, there are other ways to contribute.

Sick Balance on Paycheck Requirements by State 2022

Patriot Software

No matter when you cut your checks for your employees, paychecks usually come with a pay stub. A pay stub, or check stub, explains details about your employee’s pay. Depending on where your business is located, you may also have to share information about the employee’s paid sick leave.

Best Shift Swap Practices for Employers and Employees

Patriot Software

If you’ve ever had to put together a schedule, you know the unique pain of a last-minute shift swap. You’ve created a highly exact work of art, after all. When someone changes it at the last minute, all types of problems can show up.

The Difference Between Short-term Disability and FMLA Leave

Patriot Software

Life has a way of complicating plans at work. Employees may get sick, injured, give birth, or need to care for a family member. In any of these situations, there are a couple of different ways your employee can take leave from work.

What Is Compensation? | Employer Guide

Patriot Software

If you have employees, you need to compensate them. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation.

Go Through This Termination Checklist Before Bidding an Employee Adieu

Patriot Software

Here’s a number for you: 47.2%. That was the 2021 annual total separation rate (aka the number of total separations as a percent of annual average employment). And here’s one more number for you: 4,258,000. That’s the number of employees who quit their jobs in January 2022.

Don’t Cut That Check! Your Guide to Referral Bonus Payouts Has Arrived

Patriot Software

Found the best new hire thanks to an employee referral? Great! Next on the agenda is paying out the referral bonus to the referring employee. But, how you pay out referral bonuses depends on your policy.

Job Rotation Program: Pass or Play?

Patriot Software

Some employees can be hard to hold onto. Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it.

How to Calculate a Full-time Equivalent Employee for the PPP Loan, ERC, & More

Patriot Software

The post How to Calculate a Full-time Equivalent Employee for the PPP Loan, ERC, & More appeared first on Patriot Software. As an employer, at some point or another, you may have stumbled across the term “full-time equivalent employee.”

Small Business Relief During Coronavirus Pandemic

Patriot Software

The post Small Business Relief During Coronavirus Pandemic appeared first on Patriot Software. The information in this article is current as of March 13, 2020, 1:48 p.m. EST. As new details about the pandemic and coronavirus-related legislation emerges, this article will be updated.

Untangling Issues Related to State Tax Withholding for Remote Employees

Patriot Software

Before the pandemic, fewer than 6% of Americans worked from home. But by the end of 2022, experts project that number will increase to 25%. So, there’s some bad news: The confusion around state tax withholding for remote employees is going to stick around—at least for the short term.

The 411 on How to Run Restaurant Payroll

Patriot Software

Tips, multiple pay rates, and labor laws, oh my! When you have a restaurant business, there can be a lot that goes into payroll. From learning tip requirements to setting up a restaurant payroll solution, we’re here to help you become a pro at handling restaurant payroll.

PPP Loan Forgiveness: How to Get Your PPP Loan Forgiven

Patriot Software

The post PPP Loan Forgiveness: How to Get Your PPP Loan Forgiven appeared first on Patriot Software. With loan forgiveness on the line, you probably didn’t apply for a Paycheck Protection Program (PPP) loan for the low-interest rate of 1%. So, you got the loan.

Should I Take Out a PPP Loan or Claim the Employee Retention Credit?

Patriot Software

appeared first on Patriot Software. Two of the most sought-after forms of coronavirus relief for employers are Paycheck Protection Program (PPP) loans and the Employee Retention Credit. Unfortunately, you can’t take advantage of both.

Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19

Patriot Software

The post Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19 appeared first on Patriot Software. Does your small business need financial assistance as a result of the coronavirus pandemic?

Scrap Everything You Knew About Withholding Allowances: The New W-4 Form Is Here

Patriot Software

The post Scrap Everything You Knew About Withholding Allowances: The New W-4 Form Is Here appeared first on Patriot Software. Have you just started getting acclimated to the effects of the Tax Cuts and Jobs Act?

How to Calculate Net Pay for Payroll

Patriot Software

Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay.

How to Correct a W-2 Form If You Make a Mistake

Patriot Software

The post How to Correct a W-2 Form If You Make a Mistake appeared first on Patriot Software. Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action.

And That’s 10, Folks! Maryland Paid Family Leave Signed Into Law

Patriot Software

Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you. You must make payroll changes and provide written notices to your employees.

Ready to Beef up Your Benefits Package? Here’s How to Set up a 401(k) for Your Business 

Patriot Software

Want to claim 401(k) tax credits worth up to $16,500? Ready to attract and retain employees with a better benefits package that lets them save for retirement? If so, you might be interested in starting a 401(k).

How Do 3401(a) Wages Work?

Patriot Software

As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? 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?

5 Steps for Changing Insurance Plans at Your Small Business

Patriot Software

The post 5 Steps for Changing Insurance Plans at Your Small Business appeared first on Patriot Software. Changing insurance plans can seem like a major hassle for your entire company, especially your employees. But, it doesn’t have to be.

What Is a W-3 Form?

Patriot Software

appeared first on Patriot Software. Have employees? Then you know part of your employer responsibilities include the annual reporting of employee wages and taxes on Form W-2. And, no Form W-2 reporting is complete without its trusty sidekick, Form W-3. What is a W-3 form?

How to Fill Out Form 941: Your Step-by-step Guide

Patriot Software

The post How to Fill Out Form 941: Your Step-by-step Guide appeared first on Patriot Software. If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors.

How to Pay Employees: Types of Payment You Can Offer

Patriot Software

The post How to Pay Employees: Types of Payment You Can Offer appeared first on Patriot Software. How do you pay your employees? With checks? Direct deposit? Other? There are a number of ways to pay employees, especially as money continues moving into the digital sphere.