The Work Opportunity Tax Credit (WOTC) program is a federal tax credit that gives employers an incentive to hire workers in target categories. These target groups are considered individuals that have “significant barriers to employment”. The program allows employers to…
The IRS has released a new draft version of the federal W-4.
Often times a major financial burden to people with young children is paying for their care. The good news is there is some relief. This credit is available to almost anyone who has a dependent and has earned income. This…
Payroll taxes can seem like a maze with many twists and turns and you may feel like you are at a dead end. The key to breaking through this initial confusion is to identify two different paths related to payroll…
Our last blog on security (found here) highlighted how to create and use strong passwords to reduce the risk of having your online accounts taken over in a “brute force” attack. This blog post will look at how you can…
Our last blog on security (found here) discussed the importance of creating unique passwords. Each login should have its own password. This way a data breach by one company will have limited damage, because bad actors cannot use one password…
Our last blog post (found here) on data security called your attention to recent data breaches impacting over 500,004,600 people. You may recall that the city of Ames was responsible for 4,600 and Marriott International for the remaining 500 million. …
Have you recently paid a parking ticket to the City of Ames? Or perhaps you recently stayed at Sheraton or Westin hotels? The data breaches reported by the City of Ames and Marriott International are another wake-up call highlighting the…
During this holiday season, in addition to being on the lookout for that perfect gift, also be on the lookout for your annual letter from BakerStarrett requesting 1099 and W-2 information and updates for the 2018 tax year. You may…
If your business has employees, you’ll have to do payroll. There’s no way to avoid it, but what really is payroll? There are 4 basic components to payroll: Paying employees compensating employees for the work they do Withholding and paying…