Fri, 04 Aug 2023 15:38:23 +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/payroll/how-to-fill-out-form-944/ Wed, 15 Mar 2023 14:57:36 +0000 https://www.patriotsoftware.com/?p=62034 All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But, some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them? If so, you need to learn how to fill […]

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]]> https://www.patriotsoftware.com/blog/payroll/how-to-fill-out-form-941/ Wed, 01 Mar 2023 21:30:16 +0000 https://pslohio.wpengine.com/uncategorized/how-to-fill-out-form-941/ If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. To avoid major mistakes, learn how to fill out Form 941 line by line. What is Form 941? IRS Form 941, Employer’s Quarterly Federal Tax […]

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]]> https://www.patriotsoftware.com/blog/payroll/soc-codes-state-reporting/ Mon, 27 Feb 2023 14:28:54 +0000 https://www.patriotsoftware.com/?p=61856 “What’s your occupation?” Everybody gets this question—at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too. To find out, federal and state agencies […]

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]]> https://www.patriotsoftware.com/blog/payroll/state-w2-filing-deadlines/ Mon, 09 Jan 2023 16:50:36 +0000 https://www.patriotsoftware.com/?p=60921 If you’ve had employees for a while, you know the drill. Every year, you must prepare and send Forms W-2 to the proper parties, which typically includes the state. For on-time reporting, you need to know your state W-2 filing deadlines. State W-2 filing is in addition to sending the forms to the Social Security […]

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]]> https://www.patriotsoftware.com/blog/payroll/year-to-date-payroll-earnings/ Fri, 16 Dec 2022 15:34:56 +0000 https://pslohio.wpengine.com/uncategorized/year-to-date-payroll-earnings/ If you’re a small business owner with employees, a significant portion of your business’s expenses goes toward paying wages. That’s why you should pay attention to your year-to-date (YTD) payroll expenses. What is year-to-date payroll? What is year-to-date payroll? Year-to-date payroll is the amount of money spent on payroll from the beginning of the year […]

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]]> https://www.patriotsoftware.com/blog/payroll/end-year-payroll-checklist/ Fri, 16 Dec 2022 15:31:25 +0000 https://pslohio.wpengine.com/uncategorized/end-year-payroll-checklist/ As the year comes to a close, you might be gung-ho about all the goals you want to achieve next year. But before you can get the ball rolling in the new year, you must wrap up some things in the current year—including your payroll. Employers must complete several timely payroll requirements at the end […]

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]]> https://www.patriotsoftware.com/blog/payroll/small-business-payroll-program-irs-forms/ Fri, 16 Dec 2022 15:30:29 +0000 https://pslohio.wpengine.com/uncategorized/small-business-payroll-program-irs-forms/ As an employer, one of the biggest responsibilities you have is knowing which payroll forms to fill out. With so many forms out there, it can be difficult to know which apply to your business. Learn which IRS payroll forms your small business must file, due dates, and where to send each form. 9 IRS […]

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]]> https://www.patriotsoftware.com/blog/payroll/can-employees-change-w-4-forms/ Fri, 16 Dec 2022 15:29:42 +0000 https://pslohio.wpengine.com/uncategorized/can-employees-change-w-4-forms/ New employees must complete Form W-4 before they start working at your business. With Form W-4, employees input information that determines their federal income tax withholding, which allows you to run payroll. To adjust their withholding, employees must change W-4 forms. As an employer, you might be wondering about the rules for updating Form W-4. […]

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]]> https://www.patriotsoftware.com/blog/payroll/what-is-a-lookback-period/ Wed, 14 Dec 2022 18:11:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-a-lookback-period/ Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You can’t deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period? What is a lookback period? A lookback period is the time frame employers use to […]

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]]> https://www.patriotsoftware.com/blog/payroll/form-w-2-box-1-guide/ Wed, 14 Dec 2022 17:30:00 +0000 https://pslohio.wpengine.com/uncategorized/form-w-2-box-1-guide/ You’ve finished distributing Forms W-2. Just when you think you’re done, an employee comes up to you, hands you their form, and asks, Why are my W-2 Box 1 earnings less than my Box 3 and Box 5 earnings? Panicked, you glance over the W-2. That doesn’t help. You do a quick search of Form […]

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