Discussions on payroll, business and life

Form W4 Help

Q. I need to change my withholding for federal and my state. How do I do that? A. This is one of the great mysteries of life for most employees. How does payroll come up with those tax and...

Read more

Form 941 Filing Instructions

Q. Where do I send my Quarterly 941 form? Does it go to the bank? A. The Form 941 is for employers to report the amount of federal, Social Security and Medicare tax withheld from employees for the quarter....

Read more

FUTA and SUTA

Q. As a small business owner looking forward to processing my own payroll, I am curious about FUTA and SUTA and how the calculation works. A. First, congratulations on taking the step toward hiring employees. It can be both...

Read more

Qualified medical expenses

Q: Can I use my Health Savings Account (HSA) for over-the-counter (OTC) cough medicines? A: This question gets to the heart of the coolest benefit from an HSA plan. The savings account portion is meant to cover the deductible...

Read more

Employers Stop Arizona Withholding

This edition is more of a rant than a question and answer time. As an Arizona employer, we are permitted by statute to not withhold Arizona tax from employee checks during the month of December. There were two reasons...

Read more

Health Savings Accounts – Insurance Plan

Q. My employer just switched to a Health Savings Account plan for our insurance. How does this work? It seems so expensive. A. The Health Savings Account is a fairly recent concept delivered by Congress. The attempt is to...

Read more

W-2 and W-4

Q. What’s the difference between a W-2 and a W-4? A. Through my tenure on the IRS IRPAC advisory group, I have learned one great rule, there are thousands of abbreviations and acronyms thrown around the government. Just in...

Read more

What Are These Deductions On My Paystub?

This article was updated on 6/5/2015.  Click here to see the new version. Q. I have some unfamiliar tax deductions on my paycheck. What could these be? A. This is a very loaded question. Every company could create acronyms...

Read more

Economic Stimulus Schedule

Now for the good part: How much do we get as part of the economic stimulus payment from the government and when does it arrive? Let me remind you that you must file a tax return this year in...

Read more

The Economic Stimulus Payment

Q. What about this tax rebate everyone is talking about? Is it real? How do I know how much I will receive? A. It seems like everyone is excited about the prospect of getting money from the government. The...

Read more

1 15 16 17