Payroll Reports Archives - Patriot Software Tue, 18 Oct 2022 20:45:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Payroll Reports Archives - Patriot Software 32 32 Form W-2 Box 12 Codes and Explanations https://www.patriotsoftware.com/blog/payroll/form-w-2-box-12-codes-and-explanations/ Fri, 14 Oct 2022 20:34:00 +0000 https://pslohio.wpengine.com/uncategorized/form-w-2-box-12-codes-and-explanations/ alt=""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. If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. The codes range from life insurance coverage to […]]]> What Is Schedule A (Form 940)? https://www.patriotsoftware.com/blog/payroll/schedule-form-940/ Fri, 14 Oct 2022 19:18:00 +0000 https://pslohio.wpengine.com/uncategorized/schedule-form-940/ alt=""Are you a small business owner with employees? Even if you had only one worker this year, you need to manage your FUTA taxes, and send Schedule A and Form 940 to the IRS. What is Schedule A (Form 940)? Schedule A (Form 940) is a supplemental form that you attach to Form 940. You […]]]> Ohio Requires Additional School District Reporting on Form W-2 https://www.patriotsoftware.com/blog/payroll/ohio-form-w-2-school-district-reporting/ Fri, 14 Oct 2022 18:37:00 +0000 https://pslohio.wpengine.com/uncategorized/ohio-form-w-2-school-district-reporting/ alt=""If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Read on to learn more about this requirement. Form W-2 reporting requirement in Ohio […]]]> The Payroll Compliance Checklist You Need to Use https://www.patriotsoftware.com/blog/payroll/payroll-compliance-checklist/ Fri, 14 Oct 2022 15:01:31 +0000 https://pslohio.wpengine.com/uncategorized/payroll-compliance-checklist/ alt=""Payroll compliance isn’t a once-per-year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year-round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that […]]]> What Is Form 8655? https://www.patriotsoftware.com/blog/payroll/what-is-form-8655/ Fri, 14 Oct 2022 14:33:10 +0000 https://pslohio.wpengine.com/uncategorized/what-is-form-8655/ alt=""When signing up for payroll services that include tax filing, you’ll be asked to fill out Form 8655. The company won’t be able to file or deposit your taxes until you submit the form. So, what is IRS Form 8655 used for? Find out below. Form 8655 purpose IRS Form 8655, Reporting Agent Authorization, gives […]]]> Do I Need to File Form 8027? https://www.patriotsoftware.com/blog/payroll/what-is-form-8027/ Fri, 14 Oct 2022 14:07:22 +0000 https://pslohio.wpengine.com/uncategorized/what-is-form-8027/ alt=""In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027. What […]]]> Answers to 18 Payroll Questions You Are Dying to Ask https://www.patriotsoftware.com/blog/payroll/payroll-questions-answers-faqs-questions/ Thu, 13 Oct 2022 19:20:50 +0000 https://pslohio.wpengine.com/uncategorized/payroll-questions-answers-faqs-questions/ alt=""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. Payroll questions and answers When you become an employer, you need […]]]> Everything You Need to Know About IRS Form W-2 https://www.patriotsoftware.com/blog/payroll/w-2-form-need-know/ Wed, 12 Oct 2022 15:25:35 +0000 https://pslohio.wpengine.com/uncategorized/w-2-form-need-know/ alt=""If you have employees, you are responsible for many tasks like running payroll, withholding payroll taxes, and distributing IRS Form W-2. As you might know by now, Form W-2 can be uber confusing. Who receives a form? Where do you send it? When is it due? Get the answers to these questions and more by […]]]> Common Form W-2 Errors (Like a Handwritten W-2) https://www.patriotsoftware.com/blog/payroll/avoid-these-common-errors-on-the-w-2-form/ Wed, 12 Oct 2022 14:35:38 +0000 https://pslohio.wpengine.com/uncategorized/avoid-these-common-errors-on-the-w-2-form/ alt=""Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review each Form W-2 before you send it to the Social Security Administration and your employees. The only way to avoid mistakes is to know what they […]]]> The Basics of Schedule SE https://www.patriotsoftware.com/blog/payroll/basics-schedule-se/ Tue, 11 Oct 2022 12:46:00 +0000 https://pslohio.wpengine.com/uncategorized/basics-schedule-se/ alt=""If you are a small business owner who earns self-employment income from your business, you must pay self-employment tax. Like all taxes, there is a specific form to calculate and file self-employment tax. Do you know what form to use for self-employment tax? You need IRS Schedule SE. Find out what you need to know […]]]>