Health insurance is a great benefit to offer employees. According to the Bureau of Labor Statistics (BLS), 71% of all private industry businesses offer health benefits. But, what happens when employees want to opt out of employer health insurance? They waive coverage.
Read More Handling Employees Who Want to Waive Coverage from Health Insurance
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel is responsible for planning and creating useful, actionable content for Patriot’s marketing department.
Oct 14, 2022
Form W-2 Box 12 Codes and Explanations
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.
Read More Form W-2 Box 12 Codes and ExplanationsOct 14, 2022
What Is an Apprenticeship, and How Does it Work?
You might be familiar with apprenticeships but not realize how many industries depend on them to thrive. Did you know that apprenticeships are becoming increasingly popular in the United States? You can create apprenticeship programs at your small business, too!
Read More What Is an Apprenticeship, and How Does it Work?Oct 14, 2022
Apprenticeship vs. Internship
If you have ever seen the TV show The Apprentice or the movie The Internship, you know how common an apprenticeship or internship is in popular culture. But, do you know why these positions can be helpful to your small business? They aren’t only beneficial to workers. Employers benefit from having an apprentice or intern […]
Read More Apprenticeship vs. InternshipOct 14, 2022
What Is Workers’ Compensation Fraud?
Accidents can happen in the workplace. When an employee gets a work-related injury or illness, your business could be on the line. Workers’ compensation insurance protects you by reimbursing employees when accidents take place. But, employees, employers, and even health care providers can take advantage of the system by committing workers’ compensation fraud. Workers’ comp […]
Read More What Is Workers’ Compensation Fraud?Oct 14, 2022
Is There Such a Thing as Self-employed Unemployment?
No small business owner wants to think about their company going under. But, planning ahead can help you prepare for the worst possible scenario—unemployment. Millions of people claim unemployment benefits each year in the United States. You might wonder if you can receive these benefits as a business owner. You must understand the rules on […]
Read More Is There Such a Thing as Self-employed Unemployment?Oct 13, 2022
Answers to 18 Payroll Questions You Are Dying to Ask
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to AskOct 13, 2022
What Is the Difference Between Qualified vs. Nonqualified Plans?
Deferring compensation is one strategy employees can use to reduce their tax liability. Qualified and nonqualified are the two types of deferred compensation plans. To keep your business legal, learn how qualified vs. nonqualified plans differ.
Read More What Is the Difference Between Qualified vs. Nonqualified Plans?Oct 13, 2022
Calculating Weighted Overtime for an Employee With Multiple Pay Rates
Do you have an employee who has two or more positions in your business with different pay rates? Does that employee work overtime? If the answers to these questions are yes, you need to know about weighted overtime. Weighted overtime is common in small businesses that pay multiple pay rates to an employee. Learn what […]
Read More Calculating Weighted Overtime for an Employee With Multiple Pay RatesOct 13, 2022
What Is the ABC Test, and How Can Small Business Owners Comply?
The laws surrounding worker status have long been ambiguous. Deciding whether a worker is an employee or independent contractor has been largely left up to the employer’s discretion. Not anymore. Thanks to California’s 2018 court ruling, workers are now presumed to be employees.
Read More What Is the ABC Test, and How Can Small Business Owners Comply?