Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are as accurate and complete as possible.
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Patriotsoftware voted on the following stories on BizSugar
6 Must-Know Accounting Tips for Your Small Business
Posted by patriotsoftware under FinanceFrom https://www.patriotsoftware.com 3750 days ago
Payroll Infographic: What Does Your Employee Cost?
Posted by patriotsoftware under ManagementFrom https://www.patriotsoftware.com 3750 days ago
We all know that payroll can be one of the biggest expenses a small business has to meet … but how expensive is it really? The Bureau of Labor Statistics answers that question in their 24-page report (Employer Costs for Employee Compensation – March 2014). We have taken some highlights from the rep
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True or False: You Are Making Payroll Mistakes!
Posted by patriotsoftware under Human ResourcesFrom http://www.patriotsoftware.com 3779 days ago
You know your business, but payroll? Eh, maybe not so much.Better to find mistakes you are making now before the IRS tells you about it. Here is a quick true or false quiz to test your payroll knowledge.
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Will Impending Overtime Laws Raise Your Payroll Costs?
Posted by patriotsoftware under LegalFrom http://www.patriotsoftware.com 3779 days ago
New proposed laws for white-collar exemption are pending and will affect your payroll cost. President Obama has recently signed a memorandum to revise the outdated FSLA law. Here's what you need to know.
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What is 401(k) Plan Testing?
Posted by patriotsoftware under Employee BenefitsFrom http://www.patriotsoftware.com 3800 days ago
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 a Chart of Accounts (COA)?
Posted by patriotsoftware under FinanceFrom http://www.patriotsoftware.com 3800 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 3809 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 3809 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 3809 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 3809 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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