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Question of the Week: Should I File Form 944 Instead of Form 941?
This week’s question comes from Scott, a small business owner. I have received notification from the Internal Revenue Service (IRS) that I should file Form 944. Should I file Form 944 instead of...
Unemployment Insurance Weekly Claims Report Update for December 27, 2008
According to the US Department of Labor, in the week ended December 27, the advance figure for seasonally adjusted initial claims was 492,000, a decrease of 94,000 from the previous week’s unrevised...
Tip of the Week: Start Now to Collect 2009 Forms W-4
Employees who have provided a Form W-4, Employee’s Withholding Allowance Certificate claiming exemption from federal income tax withholding must file a new 2009 Form W-4 by February 16, 2009 in...
IRS Updates Levy Amounts for 2009
The Internal Revenue Service has released an updated version of Publication 1494, Tables for Figuring Amount Exempt from Levy on Wages, Salary, and Other Income (Forms 668-W(C), 668-W(c)(DO) and...
IRS Releases Publication 15-B for 2009
The Internal Revenue Service recently released an updated version of Publication 15-B, Employer’s Tax Guide to Fringe Benefits. Publication 15-B provides an overview of fringe benefits as well as...
Wolfgang Puck Resolves to Eliminate Minimum Wage for Waiters
According to a recent article in the Wall Street Journal, celebrity chef Wolfgang Puck would like to eliminate the minimum wage for waiters. In a story on resolutions for 2009, Puck was asked, “What...
IRS Releases Publication 15 for 2009
The Internal Revenue Service recently released an updated version of Publication 15, (Circular E) Employer’s Tax Guide. In addition to providing information on classifying employees, determining...
Question of the Week: Why Did My Federal Income Tax Withholding Increase?
This week’s question comes from Madeleine, an executive. I’ve averaged about 30% of my pay going toward federal income tax withholding each pay period. This week I had 35% of my pay withheld from my...
Unemployment Insurance Weekly Claims Report Update for December 20, 2008
According to the US Department of Labor, in the week ended December 20, the advance figure for seasonally adjusted initial claims was 586,000, an increase of 30,000 from the previous week's revised...
Tip of the Week: Pay Employees in the Correct Year
Employers often question whether employees who work in one year and are paid in the next year should have the wages reported in the year the work was performed or the year the wages were paid....
