Today TaxMama hears from Stacy in California with this situation.https://lightsailed.com/homeschool/wp-content/languages/new/resume-editing-services.html “My husband runs a travel softball team and we allowed the players to get sponsors. The rule was that the first 25% of the sponsorship went to the team; and the other amount went to their individual accounts.https://lightsailed.com/homeschool/wp-content/languages/new/write-my-essay-cheap.html We have a player who did this, […]
Category Archives: Payroll
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Today TaxMama hears from VP in California who tells us.http://auneec.ateneo.edu/wp-includes/images/new/how-to-write-reflective-paper.html “I am VP of an S Corp. I do not draw a salary, but the president does.buy azithromycin online www.mabvi.org/wp-content/languages/new/usa/azithromycin.html no prescription Does the dollar amount of owner’s draw affect taxes in any way?”
Today TaxMama hears from Lena in Virginia, who wants to know.https://libaifoundation.org/wp-content/languages/new/veklury.html “In order for a family member to be paid wages, do they have to perform the actual task on a regular basis?buy amoxil online pridedentaloffice.com/wp-content/languages/new/over/amoxil.html no prescription https://libaifoundation.org/wp-content/languages/new/azithromycin.html Or is it sufficient if they are able to perform the task when needed?”
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 […]
Today TaxMama hears from Michelle in California who wants to know . “If my payroll tax liabilities were more then $50,000 in 2007, and my payroll is done weekly on Monday, what day is my payroll tax due?”
Today TaxMama hears from Frank in Thousand Oaks, CA who has this problem. “I worked for a delivery company who paid weekly by checks. One of their checks bounced. So I did not receive my last week pay check.buy synthroid online www.calmandgentledentalcare.co.uk/wp-content/languages/new/uk/synthroid.html no prescription Is there a way I can get them to pay for […]
Courtesy of IRS Outsourcing Payroll Duties Can Be a Sound Business Practice, But… Know Your Tax Responsibiites as an Employer Many employers outsource some of their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit requirements are met and greatly streamline business operations. Some of the […]
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Today TaxMama hears from Jim in Los Angeles, who tells us. “I run a trucking business. This will be my first year hiring contractor drivers so I want to know, at the end of the year when I give them a 1099 am I supposed to send one to the IRS with my corporate tax […]
Your 1099 Should Have Been a W-2 Due to the widespread problem of employees getting 1099-MISCs from their employers instead of W-2s, the IRS created a new form in 2007 – the Form 8919. Using this form has saved employees thousands of dollars, while protecting their Social Security records and their tax status. Though it […]