24th November 2009
1099 forms are viewed as informational returns, by the IRS, used to report payments made. These forms are sent to the IRS and the individuals to whom the payments were made. Payments other than taxable wages are reported on these forms. There are many di...
30th October 2009
Researching 1099 Misc software can become confusing. Know what exactly you need the software to do for you. Some basic features are helpful for all payers while other features may be significant to just few payers. Are you a paper filer or do you need to...
07th October 2009
With fall comes the last quarter of the tax year. Now is the time to start preparing for end of the year wage reporting. New business owners and seasoned veterans alike should get themselves organized for the end of the year. Preparation is key to the pr...
23rd September 2009
The fourth quarter of the tax year brings around the time to start preparing for end of the year wage reporting. Being organized and primed for this time of the year alleviates unnecessary last minute stress and mistakes. The IRS and SSA host a Small Bus...
07th September 2009
The government has been offering multiple opportunities to the American public to benefit from the American Recovery and Reinvestment Act of 2009. The tax benefits range from buying a new home or making home improvements to education and income tax credit...
31st August 2009
Employers are required to file W-2 Forms (Wage and Tax Statements) for each of their employees. Employees whom have had income, Social Security and Medicare taxes withheld from their pay. A W-3 form is required to be filed with the W-2 Forms. A W-3 For...
28th August 2009
Mistakes on payroll reporting forms can be time consuming and costly. Many of these types of errors can be avoided if you know what to double check when generating and submitting the multiple forms that the government requires.
In general some of ...
11th August 2009
On Friday July 24, 2009 the federal minimum wage increased to $7.25. This increase affects a number of states and all employees who are covered by the Fair Labor Standards Act (FSLA). The increase is the third and final in a succession of increases, over...
10th July 2009
Effective May 1, 2009 Arizona withholding options have changed. The amounts, on or after May 1, 2009 through June 30, 2010, required to be withheld for Arizona withholding purposes will continue to be a percentage of the federal withholding. The new perce...
07th July 2009
Employers can save time and money by using direct deposit while benefiting the environment. Direct deposit is also a smart way to reduce paycheck fraud, as related to counterfeit and/or stolen checks, altered amounts and forged signatures. Direct deposit ...
02nd July 2009
The IRS deadline, to file the second quarter 941 form (Employer’s Quarterly Federal Tax) Return) is nearing. To be compliant with government regulations this is one of many payroll forms business owners and employers need to prepare. Employers use this ...
28th June 2009
As of March 1, 2009 The Metropolitan Commuter Transportation Mobility Tax (MCTMT) has imposed a new payroll tax on certain employers and self-employed individuals engaging in business within the Metropolitan Commuter Transportation District (MCTD). The MC...
17th April 2009
Just as in previous tax years, 2009 brings new changes to the different payroll tax forms and regulations. Below is a summary of “What's New” for Form 941 2009.
Social Security Wage Base for 2009
Do not withhold social security tax after an e...
15th April 2009
Generally, churches and other religious organizations are required to withhold and report different types of payroll taxes. This includes (but not limited to) Income, Social Security and Medicare taxes. Using a church payroll software can make the process...
07th April 2009
The IRS deadline, to file form 941 (Employer’s Quarterly Federal Tax Return), is soon approaching. Form 941 is one of the many payroll forms that a business owner or an employer needs to prepare to be in compliance with government regulations. This payr...
