Certain food and beverage establishments are able to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips. The following criteria must be met to claim the credit: Have had employees…
The Social Security Administration (SSA) announced that the wage base for Social Security will increase from $132,900 to $137,700 for 2020. This is an increase of $4,800. If employers and employees exceed this wage base they will be paying an…
Notice 2019-55 released the 2019-2020 special per diem rates for those in the transportation industry to be effective as of October 1, 2019. The new meal and incidental expenses (M&IE) rates for truckers is $66 per day. This is the…
New changes are coming soon to the EFTPS passwords requirements. IRS will start requiring a 13-month expiration policy. In other words, the IRS is going to require you to change your password every 13 months. You can expect this to…
Are you getting a message saying that you need to update your bank connection every time you change your password with your financial institution? Maybe even more often? There is good news. QuickBooks Online is working on changing the way…
Our very own Tim Baker, CPA is the July/August 2019 member spotlight for the Iowa CPA Newsletter. Check it out below!
Accounting, taxes, bookwork – not your favorite? And then you throw in any sort of software program on top to help with that dreadful “tax stuff” it’s even worse? Dealing with not so cooperative customer service when you need help…
April 15th was a welcome relief for most tax practitioners, myself included. We are so incredibly lucky and grateful to have such fantastic clients, and a wonderful team at BakerStarrett that made the best of the worst tax season I’ve…
We’re proud to announce that Ashlyn Nordyke, became a Certified ProAdvisor for QuickBooks Online this month. As part of her training for the certification and exam, Ashlyn completed seven separate training modules, learning extensively about the sophisticated abilities built in…
At BakerStarrett we make it a priority to help our clients get set up with more efficient ways to keep record of everything for their business. In most cases, we recommend QuickBooks, with a guarantee that you will always be…