by Candy | Feb 3, 2014 | Bookkeeping, Business, News, Payroll
President Obama’s State of the Union Address included several policy initiatives that will directly or indirectly affect small businesses in the near future. The main concerns from a payroll perspective include: Minimum Wage: Perhaps the most pressing future issue for...
by Candy | Jan 31, 2014 | Business, Payroll
Hiring new employees for the New Year? Be careful! The employees you hire are your business’s hands and feet – and they have the potential to make or break your business. You certainly want to avoid making the costly mistake of a bad hire, so in addition to...
by Candy | Jan 3, 2014 | Payroll
As I wrote about in a prior post which can be accessed here, there are many states which will have an additional tax amount due for federal unemployment tax (FUTA). Although the rate is 6%, states can reduce that amount by 5.4% if paying their state unemployment tax...
by Candy | Dec 6, 2013 | Featured, Payroll, Shared
Are you planning on giving your employee a year-end bonus or holiday gift? Are you aware of the rules regarding the taxability of these items? Make sure you are following the IRS guidelines regarding if tax must be withheld on the bonus or gift. Bonuses paid for...
by Candy | Dec 4, 2013 | Bookkeeping, Business, Payroll
As an entrepreneur, there are some upcoming deadlines that you should be aware of to avoid failure to file or pay penalties. Mark your calendar for those that apply to you. Estimated Tax Payments: These are due 4 times a year if taxes are not paid through payroll...
by Candy | Dec 2, 2013 | Business, Payroll, Sales Tax
Instant Tax Service was the 4th largest tax preparation service in the nation. In 2009, ITS was ranked #1 on Entrepreneur Magazine’s Top New Franchises list, #1 lowest cost franchise in the US, and #3 fastest-growing franchise. Their friendly website is still full of...
