Michele Bossart, Author at Patriot Software Tue, 18 Oct 2022 20:40:13 +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 Michele Bossart, Author at Patriot Software 32 32 How to Handle Tax Withholding for Children on Payroll https://www.patriotsoftware.com/blog/payroll/payroll-alert-working-kids-aren-t-exempt-from-taxes/ Tue, 18 Oct 2022 20:25:39 +0000 https://pslohio.wpengine.com/uncategorized/payroll-alert-working-kids-aren-t-exempt-from-taxes/ alt=""Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll. Before you withhold taxes When you […]]]> Paid vs. Unpaid Internships: What Are the Risks? https://www.patriotsoftware.com/blog/payroll/internships-to-pay-or-not-to-pay/ Tue, 18 Oct 2022 20:10:55 +0000 https://pslohio.wpengine.com/uncategorized/internships-to-pay-or-not-to-pay/ alt=""Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law. The biggest offenders […]]]> 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 […]]]> What Is Disposable Personal Income? https://www.patriotsoftware.com/blog/accounting/what-is-disposable-personal-income/ Tue, 11 Oct 2022 20:13:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-disposable-personal-income/ alt=""How much money do you really have to spend? What about your employees? To figure out your available spending money, you need to find your disposable personal income. What is disposable personal income? What is disposable personal income? A worker’s disposable personal income (DPI) is how much money they have to spend after subtracting taxes, […]]]> What Is a Part-Time Employee? https://www.patriotsoftware.com/blog/payroll/part-time-employee/ Tue, 11 Oct 2022 13:48:00 +0000 https://pslohio.wpengine.com/uncategorized/part-time-employee/ alt=""As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee? Find out what generally constitutes part-time hours, the advantages of hiring part-time employees, and rules you need to know. What is a part-time employee? There […]]]> The Basics of Flexible Work Arrangements https://www.patriotsoftware.com/blog/payroll/the-benefits-of-flexible-work-schedules/ Mon, 10 Oct 2022 17:08:00 +0000 https://pslohio.wpengine.com/uncategorized/the-benefits-of-flexible-work-schedules/ alt=""Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance? When employees are confined to rigid work hours or a single work location, some will search for a job with more flexibility. Some businesses can combat […]]]> Using Bitcoin Payroll: Is It Worth It? https://www.patriotsoftware.com/blog/payroll/use-bitcoins-small-business-payroll/ Thu, 15 Sep 2022 16:41:00 +0000 https://pslohio.wpengine.com/uncategorized/use-bitcoins-small-business-payroll/ alt=""As businesses evolve, so do different types of payment methods for employees. You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin payroll? Bitcoin is not your average […]]]> What Is Form W-2? https://www.patriotsoftware.com/blog/payroll/what-is-a-w-2/ Tue, 13 Sep 2022 12:50:42 +0000 https://pslohio.wpengine.com/uncategorized/what-is-a-w-2/ alt=""As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages. Continue reading to learn more about what is a W-2, who gets a W-2, what information it […]]]> What Is the FLSA? https://www.patriotsoftware.com/blog/payroll/what-is-the-flsa/ Wed, 07 Sep 2022 20:12:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-the-flsa/ alt=""When you become an employer, you can’t always play by your own rules. There are certain federal, as well as state and local, standards you must follow. The FLSA is one set of federal regulations you need to know about and comply with. What is the FLSA? What is the FLSA? The Fair Labor Standards […]]]> Do You Need to File Form 940? If So, Here’s How https://www.patriotsoftware.com/blog/payroll/form-940/ Wed, 07 Sep 2022 18:57:00 +0000 https://pslohio.wpengine.com/uncategorized/form-940/ alt=""Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes. For each employee you have, you must pay a percentage of their wages for federal unemployment taxes, deposit the tax with the IRS, and report your tax liability on Form […]]]>