Payroll Tips, Training, and News

Payroll Tips, Training, and News | Business Mon, 07 Aug 2023 13:27:04 +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 Payroll Tips, Training, and News | Business 32 32 What Is a Wage Garnishment? What Employers Need to Know https://www.patriotsoftware.com/blog/payroll/what-is-garnishment/ Mon, 07 Aug 2023 13:26:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-garnishment/

You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do? What is a wage garnishment? Garnishment is a method of collecting money from a person with overdue debts. When an employee has unpaid debts, a court or government agency […]

]]> What to Know About Form CP-575 [IRS EIN Notice] https://www.patriotsoftware.com/blog/payroll/form-cp-575-ein-notice/ Wed, 02 Aug 2023 17:46:00 +0000 https://www.patriotsoftware.com/?p=64637

Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575. The IRS will only ever send […]

]]> How Much Does an Employee Cost? [Infographic] https://www.patriotsoftware.com/blog/payroll/how-much-does-an-employee-cost-infographic/ Mon, 24 Jul 2023 14:44:00 +0000 https://pslohio.wpengine.com/uncategorized/how-much-does-an-employee-cost-infographic/

The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages—you also pay payroll taxes, benefits contributions, and other miscellaneous expenses. Before hiring your first employee or adding to your staff, understand the true cost of adding to your team. How much does […]

]]> Minnesota Paid Family Leave to Launch in 2026 https://www.patriotsoftware.com/blog/payroll/minnesota-paid-family-leave/ Fri, 21 Jul 2023 15:43:50 +0000 https://www.patriotsoftware.com/?p=63906

The Land of 10,000 Lakes is the latest state to launch a paid family and medical leave program. Beginning in 2026, Minnesota employers will be responsible for handling payroll deductions for the new Minnesota paid family leave program. The upcoming MN paid family leave means employers and employees pay into a state fund. The fund […]

]]> Don’t Create Your Maternity Leave Policy Until You Understand Employee Rights https://www.patriotsoftware.com/blog/payroll/maternity-leave-policy/ Fri, 21 Jul 2023 13:54:00 +0000 https://pslohio.wpengine.com/uncategorized/maternity-leave-policy/

At some point, one of your employees may need to take time off before and after giving birth. You must create and implement a maternity leave policy before that happens. But before you can establish your policy, familiarize yourself with and comply with maternity leave laws. What is maternity leave? Maternity leave is time off […]

]]> States With Paid Family Leave [+ Chart] https://www.patriotsoftware.com/blog/payroll/states-with-paid-family-leave/ Mon, 17 Jul 2023 18:32:00 +0000 https://pslohio.wpengine.com/uncategorized/states-with-paid-family-leave/

According to the most recent BLS data, 23% of private industry workers regularly have access to paid family leave. Do yours? If you do business in one of the states with paid family leave laws, the answer should be yes. So, what is paid family leave? Which states require it? And, how do state leave […]

]]> A Detailed Overview of Federal, State, and Local Minimum Wage Law https://www.patriotsoftware.com/blog/payroll/what-is-minimum-wage/ Tue, 11 Jul 2023 15:20:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-minimum-wage/

True or false: As an employer, you can pay employees any amount you want. False. It’s 100% false. Why? Because of minimum wage laws. But, what’s minimum wage? Depending on your business’s location, you may have differing federal, state, and local minimum wage rates. To ensure your business is compliant with labor laws, get to […]

]]> What Is the EEO-1 Report, and Which Employers Need to File it? https://www.patriotsoftware.com/blog/payroll/eeo-1-report/ Wed, 05 Jul 2023 16:07:00 +0000 https://pslohio.wpengine.com/uncategorized/eeo-1-report/

When your business grows, you may need to hire additional employees. But, hiring more employees comes with additional responsibilities. Depending on the number of employees you have and some other factors, you may be responsible for filing an EEO-1 report. So … what is EEO-1, anyways? What is an EEO-1 report? An EEO-1 report (equal […]

]]> Get the Scoop on the Washington Cares Fund https://www.patriotsoftware.com/blog/payroll/washington-cares-fund/ Wed, 21 Jun 2023 14:33:00 +0000 https://www.patriotsoftware.com/?p=53399

If you’re an employer with employees in Washington, listen up. Starting in 2023, you need to make an additional deduction from Washington workers’ paychecks for the Washington Cares Fund. But, what is the Washington Cares Fund, and how much do you have to deduct and remit? Get all of the answers about the new program […]

]]> Is Juneteenth a Holiday? What Employers Need to Know https://www.patriotsoftware.com/blog/payroll/is-juneteenth-legal-holiday/ Mon, 19 Jun 2023 13:28:00 +0000 https://www.patriotsoftware.com/?p=53235

illustration of June calendar with the 19th circled

Whether you offer time off or need to process direct deposit, staying on top of legal holidays is a must. And when it comes to Juneteenth, you need to keep updated with the latest federal and state holiday status changes. So, is Juneteenth a holiday? Get out your reading glasses. It’s time to talk about […]

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