http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Tue, 07 Feb 2012 22:42:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://askcpasam.com/blog/2011/05/31/tell-payroll-department/ http://askcpasam.com/blog/2011/05/31/tell-payroll-department/#comments Tue, 31 May 2011 13:14:48 +0000 CPA Sam http://askcpasam.com/blog/?p=662 This week’s post was inspired by my attendance at the American Payroll Association‘s 29th Annual Congress.  This is the biggest gathering of payroll professionals and vendors anywhere in the world.  The common theme I observed during workshops and networking opportunities was that employees just don’t communicate changes to their payroll system well enough.  Many presenters [...]

]]> http://askcpasam.com/blog/2011/05/31/tell-payroll-department/feed/ 2 http://askcpasam.com/blog/2010/12/22/holidays-and-taxes-part-2/ http://askcpasam.com/blog/2010/12/22/holidays-and-taxes-part-2/#comments Wed, 22 Dec 2010 22:06:02 +0000 CPA Sam http://askcpasam.com/blog/?p=618 It’s time for year end planning!  Most blogs at this time of year talk about financial moves you can make to minimize your taxes.  I don’t think that bears repeating.  If you are interested in that, here are a few other sites that can help. http://www.accountingtoday.com/news/Tax-Saving-Year-End-Tax-Planning-Tips-56551-1.html http://www.smartmoney.com/personal-finance/taxes/year-end-tax-planning-massive-uncertainty-edition/ http://taxes.about.com/b/2010/11/08/year-end-tax-planning-tips-if-you-think-tax-rates-might-go-up-in-2011.htm http://businesswest.com/2010/11/year-end-tax-planning I’m more interested in getting everyone [...]

]]> http://askcpasam.com/blog/2010/12/22/holidays-and-taxes-part-2/feed/ 0 http://askcpasam.com/blog/2010/11/17/should-the-united-states-celebrate-thanksgiving/ http://askcpasam.com/blog/2010/11/17/should-the-united-states-celebrate-thanksgiving/#comments Wed, 17 Nov 2010 13:56:37 +0000 vlambert http://askcpasam.com/blog/?p=609 This month’s post from guest blogger, Vicki Lambert: Should the United States Celebrate Thanksgiving? Or any holidays for that matter? That sounds like I am advocating not celebrating Thanksgiving or Labor Day, or Memorial Day or even the Fourth of July. And that is not the case. What am saying is that if we, as a nation, [...]

]]> http://askcpasam.com/blog/2010/11/17/should-the-united-states-celebrate-thanksgiving/feed/ 0 http://askcpasam.com/blog/2010/11/11/choosing-a-charity/ http://askcpasam.com/blog/2010/11/11/choosing-a-charity/#comments Thu, 11 Nov 2010 14:23:07 +0000 CPA Sam http://askcpasam.com/blog/?p=602 So you’ve obliterated all your debt, paid off your credit cards diligently, established an emergency savings fund with 3 to 6 months of expenses in it, purchased the necessary insurance products, what’s next?  The normal attitude of a Western Society would be “let’s save up to buy something big.”  While it’s admirable to be actually [...]

]]> http://askcpasam.com/blog/2010/11/11/choosing-a-charity/feed/ 0 http://askcpasam.com/blog/2010/10/08/whats-your-motive/ http://askcpasam.com/blog/2010/10/08/whats-your-motive/#comments Fri, 08 Oct 2010 13:32:29 +0000 CPA Sam http://askcpasam.com/blog/?p=589 Each day, we are assaulted with news stories about the level of debt Americans hold both in government and personally.  Still others trumpet the fact that Americans are actually reducing their debt levels.  Others are more cynical stating that debt levels are declining because of higher defaults.  No one really knows of course what is [...]

]]> http://askcpasam.com/blog/2010/10/08/whats-your-motive/feed/ 0 http://askcpasam.com/blog/2010/07/23/non-profit-status/ http://askcpasam.com/blog/2010/07/23/non-profit-status/#comments Fri, 23 Jul 2010 13:16:44 +0000 CPA Sam http://askcpasam.com/blog/?p=545 Q. Can a nonprofit corporation issue tax-deductible receipts while waiting for approval of 501(c)3 status from the IRS? Would the deduction be only for the state in which the nonprofit is located and not for a federal return? A. Non-profits fulfill a great need in our society. Thankfully, the IRS still considers donations to qualified [...]

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]]> http://askcpasam.com/blog/2010/04/22/house-hunting/feed/ 0 http://askcpasam.com/blog/2010/04/07/education-and-finances/ http://askcpasam.com/blog/2010/04/07/education-and-finances/#comments Wed, 07 Apr 2010 14:19:11 +0000 CPA Sam http://askcpasam.com/blog/?p=488 Today is a special edition targeted to those who are still in the education system.  The consensus this time of year is “spring fever” and “I can’t wait until summer is here.”  Before you start the 2-month brain checkout however, let’s keep some things in mind. One of my favorite bloggers, Jeff Thredgold, publishes a [...]

]]> http://askcpasam.com/blog/2010/04/07/education-and-finances/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. [...]

]]> http://askcpasam.com/blog/2010/03/24/s-corp-shareholder-health-benefits/feed/ 0 http://askcpasam.com/blog/2010/02/26/new-credit-card-rules/ http://askcpasam.com/blog/2010/02/26/new-credit-card-rules/#comments Fri, 26 Feb 2010 14:14:03 +0000 CPA Sam http://askcpasam.com/blog/?p=474 After watching the stories about the new credit card rules this week, I decided to do some digging and see exactly what options are available for those wanting to open new credit accounts.  One story I heard was from a man with a long-time Macy’s credit account.  He said his account is now charged interest [...]

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