Each and every employer is responsible for completing, distributing, and filing Form W-2 each year. But, what happens if filing Form W-2 slips your mind? Learn about what happens when you forget to file Form W-2 and the failure to file W-2 penalty.
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Guest Author:
Maria Tanski-Phillips
Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.
Oregon’s Multnomah County Preschool for All Tax: The Scoop
If you’re an employer in Oregon (specifically in Multnomah County), listen up. There’s a new personal income tax that went into effect in 2021, and it may impact both you and your employees. What is this new tax in town, you ask? The Multnomah County Preschool for All tax.
Read More Oregon’s Multnomah County Preschool for All Tax: The Scoop
What Is IRS Form 5884-A for the Employee Retention Credit?
Has your business experienced a disaster (e.g., tornado, hurricane, etc.)? If so, you may be eligible for the employee retention credit. But to claim the credit, you need to fill out Form 5884-A. Read up on credit eligibility, how Form 5884-A works, and how to fill one out for your business when a qualified disaster […]
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Business Loan vs. Credit Card: Which Is the Best Option?
When it comes to your small business, there are a number of financing options available. A couple of popular options include a business loan or credit card. But, which one is better for your business? Get to know the difference between business loan vs. credit card and learn how to decide between the two.
Read More Business Loan vs. Credit Card: Which Is the Best Option?
What Are Implicit vs. Explicit Costs, and How Can They Impact Your Profit?
When it comes to your business, one of your main goals (if not your biggest goal) is to make a profit. And to find profit, you may need to look at explicit and implicit costs. But, what exactly are these costs? And, what’s the difference between implicit vs. explicit costs? It’s time for your implicit […]
Read More What Are Implicit vs. Explicit Costs, and How Can They Impact Your Profit?
How Often Does Social Security Tax Increase?
As an employer, you’re responsible for keeping up with the latest tax news and withholding the correct amount of taxes from employee wages. One tax that you constantly need to keep up with is Social Security tax. So, how often does Social Security tax increase? Read on to learn how frequently the Social security tax […]
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Customers Have Tunnel Vision? Here’s What You Can Do to Discourage Price Shopping
Let’s face it: Consumers, regardless of age, gender, etc., want to find a good deal. And, some of them go above and beyond to find the best buy out there. To do this, consumers may partake in price shopping. Every business owner deals with price shopping, but how do you discourage it? Let us walk […]
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What’s the Deal With Your Investments? Learn How to Calculate Return on Equity to Find Out
When it comes to your business, you want to know if your investments were worth it. To do that, you may need to calculate some business ratios, like return on equity. But, what is return on equity, and how does it work? And, what is the return on equity formula? Let us give you the […]
Read More What’s the Deal With Your Investments? Learn How to Calculate Return on Equity to Find Out
Employee Retention Credit Owner Wages: Do They Count for the Credit?
Heads up: Congress recently passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 for most businesses. Along with other COVID-19 relief measures, the Employee Retention Credit (ERC) took the world by storm in 2020 and 2021. Eligible employers […]
Read More Employee Retention Credit Owner Wages: Do They Count for the Credit?
Patriot Adds Key New Software Features to Streamline Accounting for Businesses
Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, has added a flood of new accounting features and updates to help customers streamline tasks and save time.
Read More Patriot Adds Key New Software Features to Streamline Accounting for Businesses