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.…
Welcome to Our Team: Meet Our New Bookkeeping and Payroll Specialist! We’re thrilled to welcome a new member to our team as we gear up for the end of the year! Please join us in extending a warm welcome to…
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,…
Erica Hulsing is the newest member of our BakerStarrett team. Erica earned her bachelor’s degree from Northwestern College, graduating in May of 2021 with a bachelor’s degree in Accounting and Sport Management. She will spend most of her time assisting…
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…
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…
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…
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…