Blog
Tip of the Week: Eliminate Workers’ Compensation Audits, Save Money
Would you like to improve cash flow, eliminate annoying workers’ compensation audits, and save money? Who wouldn’t? Ask today about pay-as-you-go workers’ comp setup in conjunction with our...
Social Security Announces Online Benefits Estimator
The Social Security Administration (SSA) announced a new online calculator that will provide immediate and personalized benefit estimates to help people plan for their retirement. According to the...
Overtime or Jail Time
Jerry and James Schram, brothers and business partners in Schram's Excavating of Vancouver, WA agreed to pay $356,000 in back wages and unpaid workers’ compensation premiums. As part of a guilty...
State Minimum Wages to Increase
Several states have minimum wage increases effective for work performed after July 23, 2008. Idaho, Indiana, Maryland, Montana, Nebraska, New Hampshire, North Carolina, North Dakota, Oklahoma,...
Massachusetts Now Requires Withholding on Partnership and S Corporation Distributions
In TIR 08-8: Sales/Use Tax, Withholding and Administrative Changes Contained in Chapter 182 of the Acts of 2008, the Massachusetts Department of Revenue (DOR) commented on the changes required by...
Question of the Week: How Should I Submit My Payroll?
This week’s question comes from Jasmine, a business owner: I’m on the road visiting clients and can’t always call my hours in during the day. I’m also out-of-town frequently. What’s the best way for...
Unemployment Insurance Weekly Claims Report Update for July 12, 2008
According to the US Department of Labor, in the week ending July 12, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 18,000 from the previous week's revised...
IRS Provides Safe Harbor for Payroll Tax Deduction
In Rev. Proc. 2008-25, the IRS provided a safe harbor method of accounting for accrual-basis taxpayers to use to account for FICA and FUTA taxes. It also established procedures for taxpayers to use...
Tip of the Week: Stay Better Organized with ViewChoice
Do you wish you could be better organized? Do you wonder where you put that payroll report that you need? Is your filing cabinet overflowing? Do you worry about identity theft? Do you need to...
Reduced Taxes Due on Reclassified Employees
In Private Letter Ruling 200825043, the IRS concluded that employers who receive a determination letter from the IRS that someone previously classified as an independent contractor should be...
