12th October 2010
New York City has implemented a personal income tax rate change starting September 1, 2010. Method II, Exact Calculation Method, has changed. The New York City personal income tax rate change affects wages of $500,000.00 and more.
Employers using t...
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18th August 2010
Employers have many payroll software products to choose from to generate their payroll. Business owners currently using Quicken are not limited in their choices for payroll software.
In a few easy steps employers can export payroll checks into Quicken...
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04th August 2010
The state of Arizona has made changes to the state income tax withholdings. Wages paid after June 30, 2010 are subject to a table prescribe by the Arizona Department of Revenue. As previously amounts withheld will no longer be held at a percentage of fede...
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01st June 2010
Washington, on March 18, 2010, passed a new law the HIRE Act (Hiring Incentives to Restore Employment). The enactment of the HIRE Act allows employers to claim two tax benefits. The tax benefit applies to workers hired after Feb. 3, 2010 but before Jan. 1...
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18th May 2010
Employers must adhere to a strict timeline for filing forms and tax payments to the IRS. Penalties maybe incurred if deadlines are not meet. The 2010 payroll calendar published by the IRS can be an important tool for employers.
The tax year is divide...
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07th April 2010
Form 941 is due by the last day of the month that follows the end of the quarter. First quarter 2010 Form 941, which includes payroll periods from January, February and March, is due on April 30, 2010. Second quarter 2010 Form 941, which includes payroll ...
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15th December 2009
The IRS has many different kinds of 1099 forms. 1099 R forms report distributions from pensions, annuities, retirement funds, etc. File Form 1099-R for each person to whom you have made a designated distribution or are treated as having made a distributio...
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15th December 2009
1099 Int forms report interest income paid to individuals. The IRS requires payers to file 1099 Int forms with their office. The forms you will be filing with the IRS are 1099 INT copy A and 1096. Payers can choose to mail paper forms to the IRS or to ele...
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15th December 2009
A 1099 form is considered an informational return by the IRS. Use this form to report taxable income. 1099 R Forms reports distributions from pensions, annuities, retirement funds, etc.
File Form 1099-R for each person to whom you have made a designated ...
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15th December 2009
1099 forms are viewed as informational returns, by the IRS, used to report payments made. These forms are sent to the IRS and to the individuals to whom the payments were made. Payments other than taxable wages are reported on these forms. There are many...
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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...
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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...
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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...
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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...
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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...
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