W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?
Patriot Software » Payroll
by Rachel Blakely-Gray
2w ago
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 […] Read More ..read more
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Can Payroll Services Handle Direct Deposit?
Patriot Software » Payroll
by Rachel Blakely-Gray
1M ago
If you want to deposit your employees’ paychecks directly into their bank accounts, you need direct deposit. Direct deposit is a convenient payment method for employees, who receive their paycheck quickly and securely on payday. Most employers handle direct deposit through their payroll software. Payroll services calculate employees’ wages, taxes and deductions, and take-home pay. […] Read More ..read more
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How to Choose a Payroll Service for Your Small Business
Patriot Software » Payroll
by Rachel Blakely-Gray
1M ago
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service? There are several payroll software providers on the […] Read More ..read more
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How to Do Payroll Yourself: A Quick and Comprehensive Guide
Patriot Software » Payroll
by Kaylee DeWitt
2M ago
If you’re thinking about hiring employees, you need a plan for payroll. But with the added expense of wages and benefits, you might not be too keen on the high price tag that comes with outsourcing payroll. Fear not—you can learn how to do payroll yourself.  What information do you need for payroll? When you […] Read More ..read more
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ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims
Patriot Software » Payroll
by Rachel Blakely-Gray
3M ago
Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty […] Read More ..read more
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Illinois Paid Leave: Paid Time Off for Any Reason Starts in 2024
Patriot Software » Payroll
by Rachel Blakely-Gray
5M ago
Are you an Illinois employer? Do you provide paid time off (PTO) to your employees? Beginning in 2024, providing paid time off is no longer a choice—it’s a state mandate. In March 2023, Illinois Governor JB Pritzker signed SB208 into law, requiring Illinois paid leave. Known as The Paid Leave for All Workers Act, the […] Read More ..read more
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Optimizing Timesheet Management for Your Business
Patriot Software » Payroll
by Rob Lora
6M ago
Time is money, and for small businesses, effective timesheet management can make all the difference. In this comprehensive guide, we’ll walk you through the strategies and tools that can help you take control of your timesheets and propel your business to new heights. From multi-level approval workflows to leveraging technology, learn how to overcome common […] Read More ..read more
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Big Changes to IRS Electronic Filing Requirements in 2024
Patriot Software » Payroll
by Rachel Blakely-Gray
8M ago
On February 21, 2023, the IRS made significant changes to the electronic filing requirements that will take effect in 2024. The IRS electronic filing changes may impact you if you have employees, work with independent contractors, or meet other requirements. Read on to learn about the e-file requirements, whether these changes impact you, and how […] Read More ..read more
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What to Know About Form CP-575 [IRS EIN Notice]
Patriot Software » Payroll
by Rachel Blakely-Gray
8M ago
Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575. The IRS will only ever send […] Read More ..read more
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How Much Does an Employee Cost? [Infographic]
Patriot Software » Payroll
by Kaylee DeWitt
8M ago
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 […] Read More ..read more
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