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 […]Read More What Is IRS Form 5884-A for the Employee Retention Credit?
In accounting, you deal with a variety of accounts to balance and organize your books. One type of account you will likely run into is a real account. But, what are real accounts exactly? And, how does it differ from other accounts in accounting? Allow us to give you the scoop with an overview, examples, […]Read More Let’s Get Real: How Much Do You Know About Real Accounts?
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?
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?
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 […]Read More How Often Does Social Security Tax Increase?
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 […]Read More Customers Have Tunnel Vision? Here’s What You Can Do to Discourage Price Shopping
States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. Along with a number of states, Washington D.C. also started a PFL program in 2019. Read on to learn all there is to know about the Washington D.C. paid family leave […]Read More What You Need to Know About the Washington D.C. Paid Family Leave Program
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
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?
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