Salary vs. Hourly Employees | Differences, Pros, and Cons
Should you give your employees a salary or hourly wages? Learn about the laws, pros, and cons the affect salary vs. hourly employees.| Patriot Software
Should you give your employees a salary or hourly wages? Learn about the laws, pros, and cons the affect salary vs. hourly employees.| Patriot Software
Do you know how to handle payroll for 3-paycheck months? Prepare ahead of time for months with extra payroll.| Patriot Software
A business emergency fund is money you set aside to cover unexpected expenses or financial emergencies. Learn how to build an emergency fund.| Patriot Software
What is considered working time and what isn't? Learn the FLSA hours worked definitions and find out when you must pay employees.| Patriot Software
If you pay employees for partial hours worked, you need to learn how to convert minutes for payroll and methods to track converted minutes.| Patriot Software
Starting an LLC in Ohio has liability protection, pass-through taxation, and reasonable tax rates. Learn how to start an LLC in Ohio here.| Patriot Software
As your business grows, so do the complications of payroll management. Learn why you need a flexible payroll service to grow with you now!| Patriot Software
Some businesses process payroll internally, while others outsource to a third party. Learn more about in-house payroll vs. outsourcing.| Patriot Software
What's the difference between an HRA (health reimbursement arrangement) and an HSA (health savings account)? Find out here.| Patriot Software
What's the average age to start a business? Check out the average age of successful entrepreneurs and tips to start a business at any age.| Patriot Software for Small Business
Confused about minimum wage poster requirements? Learn which posters you must display, where to put them, and how to avoid fines.| Patriot Software
Payroll insurance includes insurance types related to payroll, like E&O and workers' comp insurance, to protect your business from expenses.| Patriot Software
Look at gross and net income to determine your business's profitability. But what is the difference between net income vs. gross income?| Patriot Software
If you're like most business owners, you probably have some business liabilities. But, what are the different types of liabilities in accounting?| Patriot Software
An early payment discount is a price cut customers can receive if they pay for purchases before the due date. Learn more here.| Patriot Software
One accounting method you can use is accrual accounting. Learn what is accrual accounting and if it's a good fit for your business.| Patriot Software
If you make purchases for your business on credit, you need to track how much you owe to vendors. An accounts payable aging report can help.| Patriot Software
Choosing the safe harbor election for small taxpayers lets you deduct business expenses that you would normally have to capitalize.| Patriot Software
Software streamlines processes, but the more systems you use, the greater your costs. Can you take a software deduction to offset expenses?| Patriot Software
As a small business owner, you need to keep track of the liabilities that your business is responsible for. What are liabilities?| Patriot Software
Businesses use strategic pricing strategies to increase customer traffic and maximize profits. Learn about seven strategies and more.| Patriot Software
Accounting errors can happen to anyone. To catch accounting mistakes as soon as possible, learn how to find accounting errors in your books.| Patriot Software
What's a profit and loss statement for small business and why is it important to you? Learn what a P&L statement includes and how to make one.| Patriot Software
Business owners can use a simple equation to find gross profit. Gross profit shows profitability and helps with decision-making.| Patriot Software
You need to know how to increase your business's bottom line to keep your business financially healthy. What is the bottom line in business?| Patriot Software
Operating costs fall into two categories: COGS and operating expenses. Learn the difference between cost of goods sold vs. operating expenses.| Patriot Software
To get an Employer Identification Number, you must either apply online or file Form SS-4. Learn more about Form SS-4 and how to file it.| Patriot Software
Employers need to know what to keep in employee payroll records. Learn what to store in your employee payroll files with our handy checklist.| Patriot Software
Have you made some big purchases for your small business? You can use depreciation to spread the cost out over time.| Patriot Software
You can use amortization to reduce your small business taxable income. What is amortization? Find definitions and examples here.| Patriot Software
The payroll-to-revenue ratio measures how much of your business revenue you spend on payroll expenses. How high should your ratio be?| Patriot Software
A cell phone reimbursement is an employee benefit where an employer covers work-related mobile phone expenses. Find out if it's taxable.| Patriot Software
At some point as an employer, you might decide changing payroll frequency is necessary. Learn how to do it here.| Patriot Software
All employers in the state must provide Maryland sick and safe leave. Your employee count determines whether it's paid or unpaid.| Patriot Software
There is no permanent federal law on paid sick leave. However, there are paid sick leave laws by state you might need to be familiar with.| Patriot Software
Explore key payroll trends, tax changes, and technology shaping small business payroll in 2025. Stay ahead with industry data!| Patriot Software
Beginning July 1, 2025, all employers must provide Alaska paid sick leave (one hour per 30 hours worked). Learn more here.| Patriot Software
Knowing the average cost of living by state can help you set product or service prices, salaries, and budgets. Find out more here.| Patriot Software
Do you own a business in a service industry? Tip pooling can help make sure your tipped employees are paid equally for their work.| Patriot Software
How does a tip credit affect how you pay your tipped employees? Learn your tip credit requirements and what the current tip credit is.| Patriot Software
Federal income tax withholding is an important part of having employees. Learn more about how to calculate, withhold, and report income tax.| Patriot Software
Not sure which of your allowable business expenses might qualify for tax deductions? Check out this list of allowable expenses.| Patriot Software
You need to know how to prepare and use a business balance sheet for your company. So, what is a balance sheet?| Patriot Software
What is an income statement? Do I need one for my small business? Find out how income statements can help you control your financial health.| Patriot Software
If you own a small business, you need to know how to file a small business tax return. Learn more about filing a business tax return here.| Patriot Software
To keep your finances in order and stay on track, you need to learn about the four basic financial statements for small business.| Patriot Software
Learn how to get the cost of goods sold (COGS) with our guide. Discover the COGS formula, calculation steps, and how it impacts pricing.| Patriot Software
How do you get an Employer Identification Number (EIN) from the IRS? This article breaks down how to apply for EIN.| Patriot Software
You need three financial statements: balance sheet, income statement, and cash flow statement. What is a cash flow statement?| Patriot Software
Creating the articles of incorporation is a the first step a business takes when forming a new corporation. Here's an overview of the document.| Patriot Software
As a small business owner, there are accounting terms you should know, including net profit. What is net profit? Learn more here.| Patriot Software
You might wonder, "Do I need to open a business bank account?" Read on to learn which businesses need to, and why all should consider it.| Patriot Software
As a small business owner, you must know when your cash flow is negative. What is negative cash flow? Find out how to manage cash flow here.| Patriot Software
All business owners need to know about their company's cash flow. But, what is cash flow? Read our article for the scoop.| Patriot Software
What should employers know about workers' compensation insurance? Learn what benefits it provides workers, your state requirements, and more.| Patriot Software
As a business owner, you need to keep track of your company's financial statements. What is a financial statement? Find out here.| Patriot Software
Thinking about getting a business loan? First things first, you need to learn how to apply for a business loan with these seven steps.| Patriot Software
Need a way to build up business credit and simplify cash flow? Learn how to get a business credit card in a few simple steps.| Patriot Software
Employers use a lookback period to determine how frequently to deposit Social Security, Medicare, and federal income taxes.| Patriot Software
What are business expenses? Which business expenses are deductible? Keep your taxes as low as you can and boost your profit. Record your expenses!| Patriot Software
Do you need help planning future finances? Learn how to create a cash flow projection so your small business finances can be stress-free.| Patriot Software
Employers need to withhold payroll taxes from employee wages. So, what are payroll taxes, and how much are they?| Patriot Software
Pay frequency is how often you pay employees. Learn more about each type of frequency (e.g., biweekly) and how to choose.| Patriot Software
Knowing how to finance a small business can put your business idea into action. Take a look at these nine small business financing options.| Patriot Software
A business plan is essential for understanding your market and obtaining outside funding. Do you know how to write a business plan?| Patriot Software
A robust employee benefits package includes competitive, in-demand, and legally required benefits. Check out this article to get started.| Patriot Software
Some states require employers to have state disability insurance for their employees. Learn more about state disability insurance (SDI) here.| Patriot Software
Is it possible to streamline your HR processes to stay compliant with federal, state, and local regulations? Yes! Get started here.| Patriot Software
An employee handbook builder is a tool that guides you through creating, managing, and maintaining a federal- and state-compliant handbook.| Patriot Software
Many businesses track employee hours using an employee time clock. Learn what it is, common types of time clocks, and common pros and cons.| Patriot Software
Some salaried employees should earn overtime pay. Find out if you owe salaried employees for overtime hours and how to calculate their wages.| Patriot Software
Giving employees meal and rest breaks from work is beneficial. Find out which employee break laws you have to follow.| Patriot Software
Double-time pay refers to a pay rate that is twice the employee's normal rate. There could be laws involving your state's double-time rate.| Patriot Software
Learn about holiday pay, how much to give workers, what to do if employees work or have time off, and how to create a holiday pay policy.| Patriot Software
Make sure you follow the FLSA timekeeping requirements. Learn about the FLSA rounding rules, what records you need to keep, and more.| Patriot Software
Learn what to know about the Fair Labor Standards Act (FLSA). Discover how it impacts your business and what can happen if you don't comply.| Patriot Software
You must follow FLSA rules on employee status. Learn the differences between exempt vs. nonexempt employees here.| Patriot Software
Exempt employees are not subject to overtime and minimum wage laws. So, what is an exempt employee? Find out here.| Patriot Software
Employers should retain complete and accurate timekeeping records, such as hours worked. Do you know how to track employee hours?| Patriot Software
Businesses need a budget to project revenue, expenses, and profits. Some companies use zero-based budgeting. What is zero-based budgeting?| Patriot Software
Learn how to conduct a market analysis if you're looking for a lender, or want a better understanding of your target customer.| Patriot Software
Companies can use business texting for customer service, internal communications, and more. Learn how to get started with business texting.| Patriot Software for Small Business
Mental health initiatives in the workplace may help employees combat stress, increase engagement, boost productivity, and more.| Patriot Software for Small Business
You must calculate hours worked to run payroll and pay your employees. Learn how to calculate hours worked with an easy-to-follow example.| Patriot Software
Small business incubators are organizations or programs whose goal is to help startups and other small businesses succeed. Learn more here.| Patriot Software for Small Business
On November 15, a federal court voided the new overtime rule that was going to increase the FLSA salary threshold to $43,888 annually.| Patriot Software
Learn all about overtime. Explore legal requirements, state laws, overtime rates, & more, as defined by the Fair Labor Standards Act (FLSA).| Patriot Software
A pain point is a problem a customer is dealing with. Learn how to identify and handle customer pain points in your small business here.| Patriot Software for Small Business
Bad communication means disengaged employees and a high turnover rate. Learn how to boost your small business employee retention.| Patriot Software for Small Business
Small business digital transformation can improve efficiency and overall operations. Check out this article to learn how to get started.| Patriot Software for Small Business
Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.| Patriot Software
You need to keep track of accounts payable in your accounting books. What is accounts payable? Get the scoop here.| Patriot Software
Understanding accounts receivable will help you know how much customers owe you. What is accounts receivable?| Patriot Software
Review the various types of business structures and factors you should consider when selecting your type of business structure.| Patriot Software
As a small business owner, you work with vendors to get the goods you need to run your company. Understand what is a vendor here.| Patriot Software
Do your employees earn tips? You may be able to pay them the federal or state tipped minimum wage. Learn federal and state rates here.| Patriot Software
If you own a business, you might have wondered, "What is a corporation?" Learn what a corporation is and how to establish one.| Patriot Software
