irs tax forms
Think You Can’t Afford to Pay Your Payroll Taxes-Think Again
Failing to remit payroll taxes is a big mistake! Sometimes a business owner will let the payment of payroll taxes slide in favor of paying other vendors OR perhaps will make a partial payment, thinking it will be ok -- not a good idea ----- always remit the full amount of your payroll taxes before paying other bills. Here are a couple of examples why. Continue reading
How To Setup a Scheduled Payment for a Payroll Liability
Setting up Scheduled payments allows you to see all payroll related liability amounts that you owe for payroll taxes, health insurance, child support garnishments, etc. in the QuickBooks Payroll Center so that you can easily review the amounts and generate the payment. Continue reading
QuickBooks Tip – Easy Access to Employee Payroll Forms
Easy access to common employee payroll forms {I-9 and W-4} from the QuickBooks Employees menu -> Employee Forms. Continue reading
Payroll Tip – Be Prepared for Wage & Hour and IRS Audits
This payroll tip discusses being prepared for Wage & Hour and IRS Audits - what records have to be kept, how long you need to keep them, etc. Continue reading
IRS Gives Truckers Three-Month Extension on Highway Use Tax Return
The Internal Revenue Service advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011. Continue reading
IRS Offers Initial Information on 2011 W-2 Reporting of Health Care Coverage
The IRS offers initial information and guidance to employers about 2011 W-2 reporting of the cost of health insurance coverage they sponsor for employees. Source: SSA/IRS Reporter – Summer 2011 Newsletter Continue reading
FREE Webinar on New 3% Contractor Withholding Requirements
The office of Federal, State and Local Governments will hold a free, one-hour webinar on July 14, 2011, to discuss the required 3 percent income tax withholding on certain payments made by government entities, to take effect in 2013. Continue reading
An IRS Audit and They Want Your QuickBooks File-Best Practices
The IRS wants your QuickBooks company data file as part of an audit, this is new request and will probably begin to grow in popularity as time goes on. Tips & Best Practices for compliance.
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Straight from the IRS – Social Security Tax Reduced to 4.2%
During 2011 employees will see a 2% payroll tax cut, reducing their Social Security (FICA) tax withholding rate from 6.2% to 4.2% of wages paid. If you are using a QuickBooks Payroll Subscription - DON'T PANIC. Continue reading
QuickBooks Payroll Tips – Getting Ready for W-2 Processing
A QuickBooks Payroll Subscription makes processing W-2's a piece of cake, however, there are still some things that you need to do to properly prepare for W-2 processing. Continue reading
QuickBooks Tips Payroll Mistakes – It’s NOT As Easy As 1-2-3! Part 4
The consequences of some payroll mistakes are more serious than just incorrect paychecks. Below are 5 Common Payroll Mistakes that can occur all year long. Continue reading
QuickBooks Tip Payroll Mistakes – It’s NOT As Easy As 1-2-3! Part 3
Below are top 3 most common payroll mistakes which occur at year end. Mismatching names and Social Security numbers is one of the most common W-2 filing errors. Continue reading
About Your Host:
Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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