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/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/2010/11/17/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/2010/09/03/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/2010/06/25/teacher-gifts-from-students/ http://askcpasam.com/blog/2010/06/25/teacher-gifts-from-students/#comments Fri, 25 Jun 2010 14:38:45 +0000 CPA Sam http://askcpasam.com/blog/?p=523 Q. My question is: I work for a school. Sometimes parents gift money or gift cards at holiday time or for an appreciation event. Are these taxable. How about gift cards from a school committee (holiday drawing etc.) Even a child will offer a dollar in a card. If they are I am really upset. [...]

]]> http://askcpasam.com/blog/2010/06/25/teacher-gifts-from-students/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/2010/03/24/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/2009/11/18/rent-is-it-taxable/ http://askcpasam.com/blog/2009/11/18/rent-is-it-taxable/#comments Wed, 18 Nov 2009 13:07:22 +0000 CPA Sam http://askcpasam.com/blog/?p=423 Q. We have an employee who is working on an extended assignment (1+ years) in another state.  This is not the state of his residence. My company is paying his apartment rent.  Is this taxable income to the employee? A. That is a very good question.  In these turbulent economic times, employees are more apt [...]

]]> http://askcpasam.com/blog/2009/11/18/rent-is-it-taxable/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/2009/08/20/learn-about-payroll/ http://askcpasam.com/blog/2009/08/20/learn-about-payroll/#comments Thu, 20 Aug 2009 12:23:39 +0000 CPA Sam http://askcpasam.com/blog/?p=377 Q.  I just started a new job and my employer wants me to do the payroll too. How do I learn some more about it so I don’t mess it up? A. Thank you for looking for more education.  So many people think that payroll is nothing more than taking out taxes.  The payroll process [...]

]]> http://askcpasam.com/blog/2009/08/20/learn-about-payroll/feed/ 0 http://askcpasam.com/blog/2009/03/18/unemployment-check/ http://askcpasam.com/blog/2009/03/18/unemployment-check/#comments Wed, 18 Mar 2009 14:17:42 +0000 CPA Sam http://askcpasam.com/blog/?p=294 Q. I was fired from my job last week. When I tried to file for unemployment, they said I couldn’t claim because I was self-employed.  I thought unemployment was for this reason.  What do I do? A. Unemployment benefits are designed for employees who are unemployed, under-employed, downsized, rightsized, or fired.  If you were actually [...]

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