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/2011/08/12/medicare-tax-twice-from-payroll/ http://askcpasam.com/blog/2011/08/12/medicare-tax-twice-from-payroll/#comments Fri, 12 Aug 2011 16:05:57 +0000 CPA Sam http://askcpasam.com/blog/?p=667 Q. Because of the economic situation, I now have to work two jobs because  my main job cut my hours.  I have Medicare and Social Security tax coming out of both checks.  Isn’t there a way to stop this tax deduction from one of them? A.  Unfortunately…no.  Medicare withholding is required on all your wages. [...]

]]> http://askcpasam.com/blog/2011/08/12/medicare-tax-twice-from-payroll/feed/ 0 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/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/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/ http://askcpasam.com/blog/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/#comments Mon, 07 Feb 2011 16:43:34 +0000 vlambert http://askcpasam.com/blog/?p=623 Today’s edition comes from guest blogger, Vickie, Lambert, CPP: Effective January 1, 2011, the IRS adopted the Financial Management Service (FMS) decision to discontinue the system of processing federal tax deposit coupons. In other words, the IRS is no longer allowing businesses to make employment tax deposits with PAPER coupons. For this move I say to the IRS—BRAVO! [...]

]]> http://askcpasam.com/blog/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/feed/ 0 http://askcpasam.com/blog/2011/01/21/2011-paycheck-changes/ http://askcpasam.com/blog/2011/01/21/2011-paycheck-changes/#comments Fri, 21 Jan 2011 13:37:24 +0000 CPA Sam http://askcpasam.com/blog/?p=620 By now, most employees in the United States have received their first paycheck of 2011.  About the same time the first check is received, payroll departments across the country were deluged with questions about the changes on employee checks.  This edition of the blog should help to clear up some of the confusion regarding a [...]

]]> http://askcpasam.com/blog/2011/01/21/2011-paycheck-changes/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/2010/11/17/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/2010/10/13/multiple-rates-of-pay/ http://askcpasam.com/blog/2010/10/13/multiple-rates-of-pay/#comments Wed, 13 Oct 2010 13:19:32 +0000 vlambert http://askcpasam.com/blog/?p=596 A post from guest author, Vickie Lambert: Under the FLSA it is required that employers pay employees overtime based upon the regular rate of pay. For this blog entry I want to look at one facet of calculating overtime and the regular rate of pay. What to do when an employee works at two or [...]

]]> http://askcpasam.com/blog/2010/10/13/multiple-rates-of-pay/feed/ 0 http://askcpasam.com/blog/2010/09/09/why-doesn%e2%80%99t-the-irs-think-payroll-needs-affordable-tax-workshops/ http://askcpasam.com/blog/2010/09/09/why-doesn%e2%80%99t-the-irs-think-payroll-needs-affordable-tax-workshops/#comments Thu, 09 Sep 2010 15:19:23 +0000 vlambert http://askcpasam.com/blog/?p=575 Every year the IRS offers a series of Tax Forums across the country, usually in seven or eight cities from east to west coast. The Forums offer all kinds of workshops on all kinds of tax issues. It is geared primarily to CPAs and Enrolled Agents. But the cost is only $209 so even if there are only [...]

]]> http://askcpasam.com/blog/2010/09/09/why-doesn%e2%80%99t-the-irs-think-payroll-needs-affordable-tax-workshops/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 [...]

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