http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Fri, 04 May 2012 13:21:07 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://askcpasam.com/blog/2012/02/07/w2-questions/ http://askcpasam.com/blog/2012/02/07/w2-questions/#comments Tue, 07 Feb 2012 22:28:10 +0000 CPA Sam http://askcpasam.com/blog/?p=680 Q1. If I was paid a cash bonus in 2010 and 2011, can my employer report both years of bonus on my 2011 w-2? A. The answer to your question is really quite simple.  When did you receive the money?  Payroll taxes are calculated like cash accounting.  When funds are “constructively received,” they become taxable.  If [...]

]]> http://askcpasam.com/blog/2012/02/07/w2-questions/feed/ 0 http://askcpasam.com/blog/2010/01/08/publication-15-is-out/ http://askcpasam.com/blog/2010/01/08/publication-15-is-out/#comments Fri, 08 Jan 2010 14:11:43 +0000 CPA Sam http://askcpasam.com/blog/?p=448 Hooray!!  The annual update to the document every employer is anticipating finally occurred. Okay, maybe not all employers were as excited to see this as I was.  Publication 15 should be every employer’s best friend.  This document contains instructions on everything from obtaining an Employer Identification Number (EIN) to withholding, to employer taxes. How does [...]

]]> http://askcpasam.com/blog/2010/01/08/publication-15-is-out/feed/ 0 http://askcpasam.com/blog/2009/09/23/bonus-to-me-or-the-irs/ http://askcpasam.com/blog/2009/09/23/bonus-to-me-or-the-irs/#comments Wed, 23 Sep 2009 14:08:31 +0000 CPA Sam http://askcpasam.com/blog/?p=401 Q. I just got a bonus from my company and noticed the taxes were way higher than my normal tax bracket.  What is going on?  I live in California. A. I have good news and bad news for you.  The bad news is, the calculation is probably correct.  You did not supply any numbers with [...]

]]> http://askcpasam.com/blog/2009/09/23/bonus-to-me-or-the-irs/feed/ 0 http://askcpasam.com/blog/2008/09/24/paycheck-deduction-for-employer-taxes/ http://askcpasam.com/blog/2008/09/24/paycheck-deduction-for-employer-taxes/#comments Wed, 24 Sep 2008 20:42:20 +0000 CPA Sam http://askcpasam.com/blog/?p=75 Q. I received a bonus check and the amount that was on the paystub was $500 less than what the bonus came out to. When asking the owner he stated that money was used to pay for the employer’s share of the taxes. On top of that, they took out taxes for my portion as [...]

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