Tag Archives: payroll services

Health Insurance Zinger

Today TaxMama® hears from Larry in the TaxQuips Forum with a quick question. “If an employee pays for his family’s health insurance through payroll withholding, is the amount he pays free from taxes? My clients paid $6,000 in 2012 through payroll withholding and his W-2 gross income in block 1 (and blocks 3 & 5) […]

Disability Wages

Today TaxMama hears from Leslie in the TaxQuips Forum who makes an excellent point. “When a Member of the Screen Actors Guild becomes disabled, in order to receive their Pension, they must sign paperwork. One of the acknowledgments is that “You have been made aware that FICA should not be taken out of your residuals […]

Ask TaxMama Issue 613 President Obama Speaks

   Dear Family,  During our class last night, a couple of major things went on in the world. A big chunk of Southern California and San Diego lost electricity. The nuclear power plant at San Onofre was shut down (safely). Meanwhile a student in Texas tells me she just managed to get back into her […]

Ask TaxMama Issue 508 – Terrific New Resources

—— Remember – Quarter 2 Estimated Tax Payments are due on June 15th Dear Family, This was an odd week for technology. It started Sunday, when a really terrifc tool that Intuit was beta-testing was suddenly shut down with no e-mail notices to the beta-testers that it was going down. Poof, suddenly all the data […]

TaxMama Tips in Times of Business Downturns – an Outline

Your business doesn’t have to fail, or even struggle. This is a great time for a business to shine. But you will have to face some hard truths about yourself and your circumstances. And you’re going to need to be brutally honest with yourself, your workers, your family and your vendors. 1) If you can’t […]

W-2 Goof

Hi! It’s TaxQuips time from TaxMama.com. Today TaxMama hears from Glenn in NY who tells us, “I have a question about W-2s and how they are compiled. I ask because there is a discrepancy between my year-end payroll stub and my W-2. The total on my W-2 was roughly $10,000 higher than on my yearly […]