Discussions on payroll, business and life

What Does Filing Status On W-4 Mean?

Q. My payroll person told me that the filing status on the W-4 doesn’t necessarily mean the same thing as my marital status.  Is that true?  What is filing status? A. Yes,...

Read more

Where Do I Send My Withholding?

Q. Where do I send the Social Security, Medicare and Federal taxes that I take out of my employee paychecks? A. There are two important concepts to understand about remitting your withholding dollars to the...

Read more

Confusing Payroll Deductions on my Paystub

Q.  I see a lot of deductions on my paystub.  How can I tell what they are for? A.  This is a top 10 question I get from my readers.  In the interest...

Read more

Make It The Best Job Ever!

“I have the best job ever!”  Can your employees say that?  From an employer’s perspective, a company full of happily motivated employees is a dream.  Satisfied employees are more productive and produce better...

Read more

Is It Your Passion, or a Job?

When I interview candidates for open positions at Symmetry Software, I always ask, “What is the perfect job for you?”  It’s interesting how few candidates are prepared for that question.  If I...

Read more

How Many W-4 Allowances?

Q. Can a person claim more dependents or allowances on their W-4 in order to increase take-home amount and then declare an accurate number on 1040?  If over payment is expected and then a refund is due,...

Read more

Debits and Credits Revisited

One of my passions is helping people understand that accounting is really not that difficult.  When presenting financial information during board meetings, or to a CEO, or to one of my small business clients, I get one of two reactions.  First is one of fear that what is being...

Read more

Finally! A Taxpayer Bill of Rights.

Last week, the Internal Revenue Service adopted what it is calling the “Taxpayer Bill of Rights.”  The themes found in the list exist throughout the tax code created by Congress.  Essentially, the IRS has grouped all of these into a single document and adopted them as a guide for...

Read more

A Few Tips To Increase Your Paycheck

In a recent USA Today article, which you can read here, there was a discussion of the ways to increase your paycheck.  This article was written by Erika Rawes, a freelancer specializing in personal finance topics.  It’s always fun to read opinions from others on ways to increase a paycheck....

Read more

Big Tax Refund or Not?

Q. I get a large tax refund every year. It really helps me pay my bills. Some people says it’s not so good. Can you explain? A. This is one of the most common questions from my tax practice. The simplest way to look at this is that a...

Read more

1 2 3 17