Thu, 27 Jul 2023 16:34:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png 32 32 https://www.patriotsoftware.com/blog/accounting/sales-tax-holiday/ Wed, 05 Jul 2023 20:56:00 +0000 https://pslohio.wpengine.com/uncategorized/sales-tax-holiday/ For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday. As a business owner, you must know about and adjust your collections process for sales tax holidays. Read on to learn […]

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]]> https://www.patriotsoftware.com/blog/accounting/bookkeeping-tips-charitable-donations/ Tue, 20 Jun 2023 16:44:00 +0000 https://pslohio.wpengine.com/uncategorized/bookkeeping-tips-charitable-donations/ Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction. Knowing the ins and outs of small business charitable donations can help you better prepare for tax season. Read on to learn how to […]

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]]> https://www.patriotsoftware.com/blog/accounting/average-cost-living-by-state/ Wed, 07 Jun 2023 16:59:00 +0000 https://pslohio.wpengine.com/uncategorized/average-cost-living-by-state/ You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business?  If it’s crossed your mind before, then […]

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]]> https://www.patriotsoftware.com/blog/accounting/recession-how-to-survive-business/ Tue, 09 May 2023 19:24:50 +0000 https://www.patriotsoftware.com/?p=62611 For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare. With the March 2023 Silicon Valley Bank collapse, concerns of a […]

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]]> https://www.patriotsoftware.com/blog/accounting/what-is-trial-balance-adjusted-how-prepare-purpose/ Mon, 17 Apr 2023 18:23:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-trial-balance-adjusted-how-prepare-purpose/ Are you an accounting wizard? Maybe, maybe not. Regardless, your math needs to add up. And sometimes, even the greatest mathematicians make mistakes. If you make an accounting error, you must find it—before it harms your business. That’s where a trial balance comes in. An accounting trial balance is for businesses that use accrual accounting. […]

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]]> https://www.patriotsoftware.com/blog/accounting/best-states-to-start-business/ Fri, 31 Mar 2023 14:55:00 +0000 https://pslohio.wpengine.com/uncategorized/best-states-to-start-business/ Ah, location, location, location. Choosing where to open up shop is one of the first and most important decisions you’ll make when starting a business. But, location isn’t just about picking a building on a popular street corner. It’s also about selecting a state to do business in—the best state to start a business. So, […]

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]]> https://www.patriotsoftware.com/blog/accounting/how-to-fill-out-form-1120/ Thu, 23 Mar 2023 17:57:29 +0000 https://www.patriotsoftware.com/?p=62095 According to the Small Business Administration, 81.2% of large employers and 24.8% of small employers are corporations. Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return—Form 1120. Do you know how to fill out Form 1120? […]

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]]> https://www.patriotsoftware.com/blog/accounting/1099-for-credit-card-payment/ Thu, 23 Mar 2023 14:04:00 +0000 https://www.patriotsoftware.com/?p=52882 Paying a contractor to perform work for your business comes with a little disclaimer: reporting said payments on Form 1099-NEC. But what if you pay your contractor using a credit card? Do you have to prepare a 1099 for credit card payments? If you’re not sure what your responsibilities are for making electronic payments to […]

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]]> https://www.patriotsoftware.com/blog/accounting/how-to-run-a-food-truck/ Thu, 02 Mar 2023 14:56:06 +0000 https://www.patriotsoftware.com/?p=61928 Chances are you’ve eaten at a food truck before. A food truck is a mobile restaurant, often selling food at designated areas, street corners, or festivals and special events. Food trucks may be a great way to turn your dream of owning a restaurant into a reality. If you’re considering running a food truck, you’re […]

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]]> https://www.patriotsoftware.com/blog/accounting/health-insurance-tax-credit-advanced-premium/ Mon, 27 Feb 2023 15:40:00 +0000 https://pslohio.wpengine.com/uncategorized/health-insurance-tax-credit-advanced-premium/ Do you have a small business as defined by the Affordable Care Act (ACA)? Do you offer health insurance to your employees? If so, you might be eligible for health insurance tax credits for the coverage you provide your employees. And, you may qualify for write-offs if you’re self-employed. Keep reading to find out if […]

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