http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Mon, 16 Jan 2012 19:52:15 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://askcpasam.com/blog/2011/03/23/health-care-and-overtime/ http://askcpasam.com/blog/2011/03/23/health-care-and-overtime/#comments Wed, 23 Mar 2011 13:27:23 +0000 vlambert http://askcpasam.com/blog/?p=649 This month’s post from guest blogger, Vicki Lambert: The passage of the Affordable Care Act has certainly generated questions in the payroll community. Will the taxation of health care change? No it is still nontaxable. Will it need to be reported on the Form W-2 anyway? Yes, but not mandatory until 2012. But one question [...]

]]> http://askcpasam.com/blog/2011/03/23/health-care-and-overtime/feed/ 0 http://askcpasam.com/blog/2010/12/08/holidays-and-taxes-part-1/ http://askcpasam.com/blog/2010/12/08/holidays-and-taxes-part-1/#comments Wed, 08 Dec 2010 16:50:09 +0000 CPA Sam http://askcpasam.com/blog/?p=615 Greetings readers.  The next three blog posts will discuss some things that will help you during – and right after- the holiday season.  This week, I’ll discuss employee holiday parties and gifts to employees.  Next week, I’ll discuss year end planning tips. The end of the month will be about making some new goals for [...]

]]> http://askcpasam.com/blog/2010/12/08/holidays-and-taxes-part-1/feed/ 0 http://askcpasam.com/blog/2010/09/03/self-employed-on-unemployment/ http://askcpasam.com/blog/2010/09/03/self-employed-on-unemployment/#comments Fri, 03 Sep 2010 13:47:53 +0000 CPA Sam http://askcpasam.com/blog/?p=572 Q. I am a OTR driver and am the only person working for this company. Now he’s shutting down the company. He classified me as self employed. Can I draw unemployment? I do not have a home, but license is North Carolina. Employer was in Nebraska. A. The arrangement between you and the company providing [...]

]]> http://askcpasam.com/blog/2010/09/03/self-employed-on-unemployment/feed/ 0 http://askcpasam.com/blog/2010/08/20/fireworks_and_taxes/ http://askcpasam.com/blog/2010/08/20/fireworks_and_taxes/#comments Fri, 20 Aug 2010 14:02:09 +0000 CPA Sam http://askcpasam.com/blog/?p=566 Q. We recently ran a fireworks stand for a business in another state.  They have stands over about 4 different states and they hire people to manage them for them.  This was our first year running the stand.  We sold off of commission.  We were to receive 20-25% of net sales that we took in. [...]

]]> http://askcpasam.com/blog/2010/08/20/fireworks_and_taxes/feed/ 0 http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/ http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/#comments Fri, 13 Aug 2010 14:07:51 +0000 vlambert http://askcpasam.com/blog/?p=561 It’s been in the news a lot lately—how unfit Americans have become. The First Lady is advocating programs to fight childhood obesity while AARP started an online movement to get its members fit over this summer. Everyone is being asked to join in and help. But for employers and especially for payroll helping fight obesity [...]

]]> http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/feed/ 0 http://askcpasam.com/blog/2010/08/04/social-security-started-over/ http://askcpasam.com/blog/2010/08/04/social-security-started-over/#comments Wed, 04 Aug 2010 13:38:22 +0000 CPA Sam http://askcpasam.com/blog/?p=551 Q. I have a unique variation of your “Social Security Tax on Everything” post… My wife’s small company decided to change their paycheck provider in July. The provider “reset” all employees yearly total earnings to zero and are therefore collecting the Social security tax from scratch. The provider claims they have to do this by IRS [...]

]]> http://askcpasam.com/blog/2010/08/04/social-security-started-over/feed/ 0 http://askcpasam.com/blog/2010/06/18/sole-proprietor-on-payroll/ http://askcpasam.com/blog/2010/06/18/sole-proprietor-on-payroll/#comments Fri, 18 Jun 2010 14:01:21 +0000 CPA Sam http://askcpasam.com/blog/?p=512 A good question today for discussion: “My husband is self-employed with no other employees.  I generate his paychecks.  This year, he has been doing a few jobs outside of our county; therefore, the local tax amounts vary from county to county.  The payroll program I use is a very basic program so there are not a lot of [...]

]]> http://askcpasam.com/blog/2010/06/18/sole-proprietor-on-payroll/feed/ 0 http://askcpasam.com/blog/2010/06/11/a-job-hunting-secret/ http://askcpasam.com/blog/2010/06/11/a-job-hunting-secret/#comments Fri, 11 Jun 2010 14:54:37 +0000 CPA Sam http://askcpasam.com/blog/?p=507 At my day job at Symmetry Software, we have been searching for some new employees to fill some open positions.  We are outsourcing the candidate search to a local employment agency.  In this economy, with almost 10% of  those looking for a job unemployed, there is a huge pool of well qualified labor just waiting to [...]

]]> http://askcpasam.com/blog/2010/06/11/a-job-hunting-secret/feed/ 1 http://askcpasam.com/blog/2010/04/14/first-time-employer/ http://askcpasam.com/blog/2010/04/14/first-time-employer/#comments Wed, 14 Apr 2010 14:34:31 +0000 CPA Sam http://askcpasam.com/blog/?p=487 Q. I have a pretty new business in Arizona and will soon be hiring my first employees for a big job.  They will be temporary only.  What do I do?  Should I just call them contractors and give them a 1099? A. Good question and probably one  of the most frequent questions from new employers. [...]

]]> http://askcpasam.com/blog/2010/04/14/first-time-employer/feed/ 0 http://askcpasam.com/blog/2010/03/24/s-corp-shareholder-health-benefits/ http://askcpasam.com/blog/2010/03/24/s-corp-shareholder-health-benefits/#comments Wed, 24 Mar 2010 13:19:32 +0000 CPA Sam http://askcpasam.com/blog/?p=484 Q. A 2% shareholder of an s corporation is also an emploeye.  The corporation offers health insurance under a premium only 125 cafeteria plan.  Is the shareholder/employee eligible to participate?  If so should the corporation’s contribution be reported as wages? A. There are lots of good articles already on the web about 2% shareholders of S corporations. [...]

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