According to Internal Revenue Service (IRS) requirements, annual testing of 401(k) plans is mandatory. But what that does and what an employer needs to do may be confusing. This article breaks it down and will give you a clear understanding if your small business is following the IRS requirements.
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What is 401(k) Plan Testing?
Posted by patriotsoftware under Employee BenefitsFrom http://www.patriotsoftware.com 3803 days ago
What Is a Chart of Accounts (COA)?
Posted by patriotsoftware under FinanceFrom http://www.patriotsoftware.com 3803 days ago
As a business owner, it is important to keep accurate records of all of your company’s financial transactions. You want to record all of the money going into your business and all of the money that goes out of it. How do you keep things organized without swimming in a mountain of numbers? The chart
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4 Reasons Vacation Carryover Helps Your Business
Posted by patriotsoftware under Human ResourcesFrom http://www.patriotsoftware.com 3811 days ago
In an attempt to retain loyal employees, many organizations have a vacation carryover policy in place that allows employees to carry over earned vacation time from one calendar year to the next. If your small business does not have a vacation carryover policy, here are 4 good reason to implement on
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4 Things You Need to Know About Taxable Wages
Posted by patriotsoftware under TaxesFrom http://www.patriotsoftware.com 3811 days ago
Small business owners need to understand taxable wages before they can run payroll and withhold the correct amount from an employee’s paycheck.
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EFTPS Issues Inquiry PINs for Payroll Tax Clients
Posted by patriotsoftware under TaxesFrom http://www.patriotsoftware.com 3811 days ago
Small business owners who utilize payroll companies or other individuals to file their payroll taxes can now check to be sure their payroll deposits have been made.
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Accounting Basics: What Do Small Business Owners Need to Know?
Posted by patriotsoftware under FinanceFrom http://www.patriotsoftware.com 3812 days ago
Startups sometimes don't know where to begin with the very basics of accounting. Maintaining proper record keeping is important to keep aware of small business financial health. A startup may not know the first thing about bookkeeping,but here are some great tips to get started.
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How Small Businesses Can Fight Payroll Fraud
Posted by patriotsoftware under StrategyFrom http://www.patriotsoftware.com 3825 days ago
Did you know small businesses are more likely to be affected by payroll fraud than larger businesses? According to a recent study, the smallest businesses took a hit of an average of $154,000. Find out how to protect your small business with these very important tips.
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Employers: You Can't Teach a Pig to Sing!
Posted by patriotsoftware under StrategyFrom http://www.patriotsoftware.com 3933 days ago
At various times in my business career, I tried hard to help an employee improve a weak area. However, in each case, it seemed my efforts were wasted — reminding me of the old adage “Never try to teach a pig to sing. It’s a waste of time, and besides, it annoys the pig.”
Here are five Read More
Here are five Read More
Making Bookkeeping Simple!
Posted by patriotsoftware under StrategyFrom http://goo.gl 3933 days ago
What method of accounting do you use for your business bookkeeping? If possible, keep it simple and just use the cash method (I list below the few situations where the IRS does not allow the cash method).
When it comes to bookkeeping, there are primarily three methods of accounting Read More
When it comes to bookkeeping, there are primarily three methods of accounting Read More
How Do You Find and Start the Perfect Business?
Posted by patriotsoftware under StartupsFrom http://goo.gl 3933 days ago
Made Hot by: DigiTechBlog on February 19, 2014 5:58 pm
I founded Top Echelon Network, Inc., in 1988. It’s a near-perfect business model because it meets the 3 Criteria for Starting the Perfect Business. And it’s a very unique business model. It’s so unique, in fact, that even my customers (executive recruiters) often ask … How did you come up with this
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