Mike Kappel, Author at Patriot Software Tue, 18 Oct 2022 20:52:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Mike Kappel, Author at Patriot Software 32 32 What Are Allocated Tips? https://www.patriotsoftware.com/blog/payroll/what-are-allocated-tips/ Tue, 18 Oct 2022 20:52:35 +0000 https://pslohio.wpengine.com/uncategorized/what-are-allocated-tips/ alt=""In the foodservice industry, tips are an important part of employee compensation. Tips are added to employee wages so they can earn at least minimum wage. But, what happens when a tipped employee earns few tips? What are allocated tips? Allocated tips are amounts given to tipped employees in addition to the tips they report. […]]]> Need Reasons to Hire Veterans? Here Are a Dozen! https://www.patriotsoftware.com/blog/payroll/hire-veteran-dozen-reasons/ Tue, 18 Oct 2022 20:15:15 +0000 https://pslohio.wpengine.com/uncategorized/hire-veteran-dozen-reasons/ alt=""Veterans, who have worked to protect the U.S., can be skilled, responsible employees who bring multiple advantages to your small business. Reasons to hire veterans There are plenty of reasons to hire veterans. Here are some of the unique experiences and strengths a veteran can bring to your business. Veterans are team players. Military training […]]]> What Is an Independent Contractor? https://www.patriotsoftware.com/blog/accounting/what-is-an-independent-contractor/ Tue, 18 Oct 2022 15:18:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-an-independent-contractor/ alt=""As a business owner, you might need to hire a worker at some point or another. And depending on your type of business, you might need to hire employees, independent contractors, or both to get the job done. But, how much do you really know about independent contractors vs. employees? Can you get away with […]]]> Types of IRA Accounts You Might Be Considering https://www.patriotsoftware.com/blog/payroll/what-are-the-different-types-of-ira/ Mon, 17 Oct 2022 20:06:22 +0000 https://pslohio.wpengine.com/uncategorized/what-are-the-different-types-of-ira/ alt=""As a small business owner, you might be confused by all the different small business retirement plan options out there. One retirement option you can offer is an individual retirement arrangement, or account (IRA). There are several types of IRA accounts you could consider. Different types of IRA accounts An individual retirement arrangement is an […]]]> Overtime Pay Laws Every Business Owner Needs to Know https://www.patriotsoftware.com/blog/payroll/overtime-as-defined-by-the-flsa/ Mon, 17 Oct 2022 19:38:27 +0000 https://pslohio.wpengine.com/uncategorized/overtime-as-defined-by-the-flsa/ alt=""Do you have employees at your business? If so, you need to be aware of overtime pay laws and how they can affect your business. The Fair Labor Standards Act (FLSA) established overtime pay rules, along with minimum wage, child labor laws, recordkeeping, and more. Take a look at the overtime pay laws you need […]]]> 10 Great Ways to Motivate Employees https://www.patriotsoftware.com/blog/payroll/great-ways-to-motivate-employees-on-your-payroll/ Mon, 17 Oct 2022 19:25:32 +0000 https://pslohio.wpengine.com/uncategorized/great-ways-to-motivate-employees-on-your-payroll/ alt=""You’re motivated about your business. You came up with the idea, started the company, made sales, and set small business milestones for the future. You have that passionate fire to keep your business alive and prospering. Your employees, on the other hand, might not have that same passion. Your employees might simply show up because […]]]> How to Pay Yourself from Your Business https://www.patriotsoftware.com/blog/payroll/how-to-pay-yourself-small-business-owner/ Mon, 17 Oct 2022 19:13:37 +0000 https://pslohio.wpengine.com/uncategorized/how-to-pay-yourself-small-business-owner/ alt=""You know by now that running your own business doesn’t mean you sit around as stacks of cash come flooding into your office. Being a business owner means being busy nonstop to keep up with operations. Since running a business is your full-time job, you need to know how to pay yourself from your business. […]]]> What Is an ITIN? https://www.patriotsoftware.com/blog/payroll/what-you-should-know-about-itins/ Mon, 17 Oct 2022 18:26:35 +0000 https://pslohio.wpengine.com/uncategorized/what-you-should-know-about-itins/ alt=""For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN? Types of Taxpayer Identification Numbers There are several types of […]]]> What Is a Draw Against Commission? https://www.patriotsoftware.com/blog/payroll/the-basics-of-the-draw-against-commission-system/ Mon, 17 Oct 2022 17:12:08 +0000 https://pslohio.wpengine.com/uncategorized/the-basics-of-the-draw-against-commission-system/ alt=""If you have sales staff, you might pay them commissions. Paying employees with sales commissions can incentivize employees to make more sales. While commissions can get employees to sell more, employees aren’t guaranteed steady pay. To give your sales staff more financial stability, you can use a draw against commission system. What is a draw […]]]> What Are ACH Payments? How Can You Use Them For Payroll? https://www.patriotsoftware.com/blog/payroll/what-is-ach/ Mon, 17 Oct 2022 15:05:31 +0000 https://pslohio.wpengine.com/uncategorized/what-is-ach/ alt=""You might already be familiar with ACH payments, but you might not know it because of the unfamiliar terms. Find out what ACH means and how you can use the payments with your payroll. What is ACH? ACH is an electronic funds transfer system that moves money between bank accounts. There is an ACH withdrawal […]]]>