In 2020, the federal government released a new Employee’s Withholding Certificate W-4 form. Although the form has been around for a few years, misunderstandings persist. Incorrect information on this form can have an unforeseen impact on your year-end tax liability.…
QuickBooks Desktop 2021 will be discontinued on May 31, 2024. Newer versions of QuickBooks Desktop are not (yet) impacted by the discontinuation notice. What does this mean for you if you are currently using QuickBooks Desktop 2021? After May 31st,…
As the end of the year approaches, it is important to make sure that your payroll information is up to date and you are prepared to start the new year with any updates. With some planning and review of this…
Issuing 1099’s in January may seem like it was months ago but eventually the IRS sorts through all of the forms and is able to identify mismatches or missing information on the 1099’s that were issued. For many businesses, the…
Regardless of the size of your business, payroll is a task that takes time, organization, attention to detail and meeting deadlines, in other words…. effort. Many business owners and leaders are on the fence about what the best choice is…
As promised, the IRS released the final version of the new Federal W-4 form for use starting in 2020. Recall that a W-4 is a form filled out by an employee to tell the employer how much to withhold…
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.
For the first time since 2006, Iowa has changed the withholding tables. The changes are designed to align with recent changes in the state tax laws. Use the link below to see the most current withholding tax tables. There are…
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…