Tax, Payroll, Finance, Technology

The Door is Open, Take my Identity!

No one in their right mind would think about leaving their front door open and unlocked when they leave their house or apartment.  It would be like inviting someone to come in and steal your belongings.  We all know someone who has experienced a break in and we know...

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Another multi-state question

Q. I Live in New York and will be starting a job in Connecticut in two weeks.  Do I pay taxes in both states or just New York? A. I’ve covered this kind of question many times over the years in my blog where an employee works in a different state...

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How Much Do I Really Cost?

The U.S. economy is showing some signs of life again.  Some employers may be more apt to give some small raises this year.  According to a Mercer survey, the average rate of base salary increase in 2013 will be around 2.9%.  This compares to 2.7% average increase in 2011...

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When to Hire an Accountant?

Q. As the owner of a brand new small business, when is the best time to hire an accountant?  What are the main reasons I would want to do this? Where would I find a good accountant? A. Congratulations on starting out on your own!  It’s an exciting and frightening...

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After the Cliff, What Happened?

It finally happened. There was a tax deal! Congress settled half of the giant cloud of uncertainty strangely named the “Fiscal Cliff.” As a tax professional, I am charged with helping my clients navigate through the confusing web of tax laws created by Congress to make sure they pay...

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Bring Your Own Device (BYOD)

Q. What is Bring Your Own Device (BYOD) and why is it so controversial? A. Remember the days when you started a new job and you were directed to a cubicle that contained a dusty desktop computer with a huge CRT monitor?  Gone are those days!  Today’s computing environment...

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Live In One State, Work in Another

Q.  I work for a business located in NM, but have worked from home for more than 4 years, until recently my home office was in NM. I just moved to CO. I am still employed by the NM business and still work from home in CO now. My...

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One State, Two State, Three State Withholding

Q. I have a question regarding payroll tax withholding, and personal income tax reporting. When an employee is a resident of state X, but works in state A, B anc C, as a travelling consultant. And where B has reciprocity agreement with state X. What are the employees income...

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Payroll and Filing Status

Q. The Indiana State Form WH-4 doesn’t have a place for the employee to indicate Married or Single.  However, our payroll system (ADP Enterprise) requires us to complete this with entering state tax information. The employee has indicated Married on the Federal W4 form so should we also use Married...

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W-2 questions

Q1. If I was paid a cash bonus in 2010 and 2011, can my employer report both years of bonus on my 2011 w-2? A. The answer to your question is really quite simple.  When did you receive the money?  Payroll taxes are calculated like cash accounting.  When funds are...

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