Rachel Blakely-Gray and Maria Tanski-Phillips, Author at Patriot Software Tue, 18 Oct 2022 16:51:00 +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 Rachel Blakely-Gray and Maria Tanski-Phillips, Author at Patriot Software 32 32 What’s in the American Rescue Plan? https://www.patriotsoftware.com/blog/payroll/american-rescue-plan-covid-relief/ Fri, 30 Jul 2021 17:03:00 +0000 https://www.patriotsoftware.com/?p=52339 The latest COVID package to come out of Washington D.C. (and the first of 2021) has been signed into law. Dubbed the American Rescue Plan, this legislation is jam-packed with relief measures aimed at individuals and businesses. Read on to learn the basics of what’s in the economic relief package, and get a closer look […]]]> IRS Announces Tax Filing Extension—and Many States Follow Suit https://www.patriotsoftware.com/blog/accounting/tax-filing-extension/ Tue, 23 Mar 2021 18:00:05 +0000 https://www.patriotsoftware.com/?p=52438 alt=""Have you heard the IRS’s latest announcement regarding the tax filing extension? Like last year, the IRS has extended the federal tax deadline to give taxpayers additional time to file and pay income taxes. But that’s not all—many states and localities are also updating their state and local income tax deadlines to match the IRS […]]]> Is a Stimulus Check En Route to You? FAQs About Economic Impact Payments https://www.patriotsoftware.com/blog/accounting/economic-impact-payments-coronavirus-stimulus-checks/ Thu, 11 Mar 2021 21:55:00 +0000 https://www.patriotsoftware.com/?p=49635 map of the united states with two magnifying glasses over top, one representing economic impact payments via mail and the other via direct depositIf you’ve been keeping up with the news, you know that the IRS began sending out Economic Impact Payments to qualifying recipients. These stimulus checks will go out in a few rounds, so don’t panic if you aren’t included in the first send-off. Economic Impact Payments: Q&A An Economic Impact Payment is a government-issued stimulus […]]]> PPP Loan Accounting: Creating Journal Entries https://www.patriotsoftware.com/blog/accounting/ppp-loan-accounting/ Tue, 28 Apr 2020 20:30:00 +0000 https://www.patriotsoftware.com/?p=49723 ppp loan accountingBusinesses could apply for a Paycheck Protection Program loan through May 31, 2021. As of June 1, 2021, the SBA is no longer accepting PPP loan applications. Congratulations on receiving a Paycheck Protection Program forgivable loan! But if you want to receive loan forgiveness, you need to use it for eligible expenses and keep detailed […]]]> Small Business Relief During Coronavirus Pandemic https://www.patriotsoftware.com/blog/payroll/small-business-relief-coronavirus-pandemic/ Tue, 07 Apr 2020 13:38:00 +0000 https://www.patriotsoftware.com/?p=49245 graphic of coronavirus crashing down on business, but business is hooked up to IV bag symbolizing financial reliefUpdates for Businesses & Employees The information in this article is current as of January 6, 2021, 10:25 a.m. EST. Updated information is in bold. Our entire nation has been impacted by the coronavirus. Due to the quick spread of the virus, the economy has taken a hit. Business operations nationwide, particularly in small businesses, […]]]> Small Business Resources for Dealing With COVID-19 https://www.patriotsoftware.com/blog/payroll/small-business-resources-dealing-with-covid-19/ Thu, 02 Apr 2020 21:10:00 +0000 https://www.patriotsoftware.com/?p=49482 woman cracks her knuckles as she prepares to go on her computerUpdated 6/5/2020 to reflect the passage of the Paycheck Protection Program Flexibility Act. From state-mandated stay-at-home orders to stimulus packages, there’s a lot changing because of the coronavirus. We know you want answers fast. That’s why we’ve put together the following list of coronavirus facts and small business resources. Federal COVID-19 initiatives Take a look […]]]> State-by-state Coronavirus Guidelines: Tax Relief & Unemployment Updates https://www.patriotsoftware.com/blog/payroll/state-guidelines-coronavirus-tax-unemployment/ Wed, 01 Apr 2020 18:04:00 +0000 https://www.patriotsoftware.com/?p=49453 state icons illustrating state-by-state coronavirus guidelinesHas your business slowed or completely shuttered operations because of the coronavirus? If so, you can take solace in the fact that there are both federal and state initiatives to fall back on. In addition to the two federal acts, Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, Relief, and Economic Security Act (CARES […]]]>