Payroll Preparedness for Year-End
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…
Category Payroll
Mismatches – IRS Notice CP-2100A
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…
Pondering Payroll…Have you Considered Outsourcing?
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…
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…
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…