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/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/2010/09/03/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/2010/08/20/fireworks_and_taxes/ http://askcpasam.com/blog/2010/08/20/fireworks_and_taxes/#comments Fri, 20 Aug 2010 14:02:09 +0000 CPA Sam http://askcpasam.com/blog/?p=566 Q. We recently ran a fireworks stand for a business in another state.  They have stands over about 4 different states and they hire people to manage them for them.  This was our first year running the stand.  We sold off of commission.  We were to receive 20-25% of net sales that we took in. [...]

]]> http://askcpasam.com/blog/2010/08/20/fireworks_and_taxes/feed/ 0 http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/ http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/#comments Fri, 13 Aug 2010 14:07:51 +0000 vlambert http://askcpasam.com/blog/?p=561 It’s been in the news a lot lately—how unfit Americans have become. The First Lady is advocating programs to fight childhood obesity while AARP started an online movement to get its members fit over this summer. Everyone is being asked to join in and help. But for employers and especially for payroll helping fight obesity [...]

]]> http://askcpasam.com/blog/2010/08/13/hhs-wants-us-fit%e2%80%94irs-wants-the-tax/feed/ 0 http://askcpasam.com/blog/2010/08/04/social-security-started-over/ http://askcpasam.com/blog/2010/08/04/social-security-started-over/#comments Wed, 04 Aug 2010 13:38:22 +0000 CPA Sam http://askcpasam.com/blog/?p=551 Q. I have a unique variation of your “Social Security Tax on Everything” post… My wife’s small company decided to change their paycheck provider in July. The provider “reset” all employees yearly total earnings to zero and are therefore collecting the Social security tax from scratch. The provider claims they have to do this by IRS [...]

]]> http://askcpasam.com/blog/2010/08/04/social-security-started-over/feed/ 0 http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/ http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/#comments Mon, 08 Feb 2010 13:48:52 +0000 CPA Sam http://askcpasam.com/blog/?p=465 The IRS recently released a new list of Frivolous Tax Arguments.  This list shows all the ways people try to avoid paying their tax bills.  The problem is that most have been disproved in court many times.  In 2006, the U.S. Congress increased the penalty for filing a tax return with one of these or [...]

]]> http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/feed/ 0 http://askcpasam.com/blog/2009/12/07/401k-early-withdrawal/ http://askcpasam.com/blog/2009/12/07/401k-early-withdrawal/#comments Mon, 07 Dec 2009 14:30:01 +0000 CPA Sam http://askcpasam.com/blog/?p=438 Q. I borrowed $15,000 from my 401(k) in Feb, 09. In May, 09, I was laid off from my job. My only options for the loan were to pay it in full (not going to happen) or default. They would NOT allow me to continue making payments and would not transfer the loan to my [...]

]]> http://askcpasam.com/blog/2009/12/07/401k-early-withdrawal/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/2009/07/22/enough-withholding/ http://askcpasam.com/blog/2009/07/22/enough-withholding/#comments Wed, 22 Jul 2009 13:46:38 +0000 CPA Sam http://askcpasam.com/blog/?p=363 Q. I followed your advice and had my payroll department withhold based on W4 stuff instead of a flat percent.  How do I know if I’m on track? A. That’s a rather amusing question actually.  Publication 15 and the W-4 both require that you use only marital status and number of allowances on the form.  [...]

]]> http://askcpasam.com/blog/2009/07/22/enough-withholding/feed/ 0 http://askcpasam.com/blog/2009/06/24/disasteres/ http://askcpasam.com/blog/2009/06/24/disasteres/#comments Wed, 24 Jun 2009 14:35:23 +0000 CPA Sam http://askcpasam.com/blog/?p=348 No questions about this one, but the weather guys are starting to talk about tropical storms forming.  When I think of hurricanes or tropical storms, I think of lots of destruction and lots of tax documentation flying away from those who need it.  While other bloggers and reporters may talk about preparing food, shelter and [...]

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