Hello New 2020 Federal W-4
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…
Category Payroll
Work Opportunity Tax Credit
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…
Education is the best solution when we have to make a change
The IRS has released a new draft version of the federal W-4.
Iowa did WHAT!?
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…
Perplexed by Payroll Taxes??
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…
Tis the season…….
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…
Payroll 101
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…
Iowa Small Business Summit
You’re invited to attend the Iowa Small Business Summit on September 6th in Grinnell, Iowa where you will join other small business owners/managers at this free event. Meet one of the people behind the summit and learn what will help make…
Welcome Connie Scurr!
Connie Scurr recently joined the BakerStarrett team in April of this year. Connie brings over 30 years’ experience to her position. Her primary experience includes various accounting services in the manufacturing industry. 12 of those years were spent as a…
2018 W-4 Has Arrived
The Internal Revenue Service has released the updated Form W-4 (here) for 2018. Along with the W-4, they have released an updated Withholding Calculator to help taxpayers check their 2018 tax withholding following the Tax Cuts and Jobs Act that was…