Final answer:
Patriot's software supports businesses in managing their payroll and helps in filing Form 941, which is used by employers to report federal taxes withheld from employees' paychecks and to pay the employer's social security or Medicare taxes.
Step-by-step explanation:
Yes, Patriot's software does help with Form 941. This form, also known as the Employer's Quarterly Federal Tax Return, is used by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks, and to pay the employer's portion of social security or Medicare tax. Patriot's software provides features to help businesses manage their payroll and includes support for filing Form 941.
The software is designed to simplify the payroll process by automating calculations and the filing of necessary forms. It keeps track of changes in tax laws and updates forms accordingly, which can be extremely helpful to ensure compliance with IRS regulations. For businesses required to file quarterly, using a software tool like Patriot's can save time and reduce errors in reporting to the IRS.