Payroll Deposit Schedules

The Internal Revenue Service has very specific rules for when payroll taxes must be deposited.  This schedule is determined by the amount of tax reported on form 941 during the 4 quarter lookback period.  The dates of the lookback period are July1 to June 30.  For...

Paycheck Date Versus Pay Period Date

There sometimes is some confusion between pay date and pay period.  This blog will explain the difference. An employer decides the pay period they will have when hiring their first employee.  The typical pay periods are weekly, bi-weekly (every other week on the same...

Networking Matters Fundraiser Event

It’s that time again!  Networking Matters is hosting a business mixer with proceeds benefitting local charities.  This is the fourth event we’ve hosted, and we are looking forward to another great evening.   This year’s event will be held at the...

Support and Accountability

Tomorrow afternoon I am leaving the office for a business retreat where a number of women entrepreneurs get together to plan our goals for the new year and how we are going to accomplish them.  We also have the chance to find out how we can support each other so we...

Contractor VS Employee Part 5 (Type of Relationship)

In the last few posts I’ve been discussing the factors the IRS uses to determine if a worker is a W2 employee or a 1099 contractor.  If you missed them, you can find links at the bottom of this post. The final factor the IRS looks at to determine if a worker...

Contractor VS Employee Part 4 (Financial Control)

The last few posts discussed the cost of hiring an employee versus a contractor and I started to discuss how the IRS determines if a worker is an employee or a contractor.  If you’d like to read the previous posts, see...

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