Showing posts from January, 2012

Do You Need an Employer Identification Number? (EIN)

Filing Taxes is difficult, which is usually where I come in.
If you're new to the Business World, you may not yet know what you need.

An EIN is necessary if you say 'yes' to any of these questions:

Do you have an employees besides yourself? Does your business operate as a corporation or a partnership?Do you file any of these tax returns?employmentexcisealcoholtobaccofirearmsDo you withhold taxes on income (other than wages) for a non-resident alien?Do you have a Keogh Plan?Are you involved in any of these organizations?Trusts (EXCEPT certain grantor-owned revocable trusts, IRAs, Exempt Organization Business Income Tax Return)EstatesReal estate mortgage investment conduitsNon-profit OrganizationsEmployee PlansIf you need an EIN, you can:

Go to and search for online EINCall EIN at 800.829.4933Fax a completed Form SS-4 to the Fax # located in the SS-4 InstructionsMail a completed Form SS-4 to the address in the SS-4 instructions

Got a QuickBooks Mess?
Call the QuickBook…

New 1099 Info - QuickBooks 2012 and Prior Version Tool

Hi All,

I just found a great video from Intuit that says it all much better than I can.  Hate to keep sending you out for info, but they have done such a great job....Thanks Intuit!

Check out the video!

And More!    And Even More!

I promise to get back to blogging, but for now, I am happy to send you great informational links to make your 1099 processing chores much easier.  Thanks again, Intuit!

Got a QuickBooks Mess? Call the QuickBooks Gal! 775.348.9225

New Payroll Updates for QuickBooks Users

Just got a new payroll tax table update from Intuit....Please make sure you have the latest version before you process your new payroll.
Intuit is working very hard to keep us up to date.....this time of year, it is very appreciated! 
Intuit QuickBooks Payroll 

Payroll Update: Revised Tax Tables Intuit has releasedPayroll Update 21204, which includes revised tax tables. Several forms updates are also included for Standard and Enhanced Payroll customers.
How do I get the Payroll Update?It's important that you receive everything in the Payroll Updateto make sure that you are in compliance with legislation that affects your payroll. Just follow these three simple steps:
Check to see if you haveAutomatic Updatesturned on.
ChooseHelp > Update QuickBooks.-- On theOptionstab, you will see eitherYesorNoselected for Automatic Update.
IfYesis selected,verify that you received Payroll Update 21204 from within QuickBooks. Go toEmployees > Get Payroll Updates. You should see a message that s…

FUTA Need to Know

The Standard FUTA credit of 5.4% is reduced if your state has not repaid loans fromt he federal unemployment fund. 
Michigan Employers lost 0.9% of the credit.Indiana Employers lost 0.6%These States lost 0.3%: AR, CA, ST, FL, GA, IL, KY, MN, MO, NC, NJ, NV, NY, OH, PA, RI, VA, VI, and WI.Payroll Rates and Bases                                                   2012
FUTA-taxtable wage base                                                  $7,000
FUTA rate 1.1.11-6.30.11, 6.2% as of 7.1.11                     6.0%
FUTA Max. Credit                                                              5.4%
Min. FUTA dep. rate 1.1.11-6.1.11, 0.8% as of 7.1.11       0.6%

----Less if your state has 2011 FUTA credit reduction. (See Form 940)

Got a QuickBooks Mess?   The QuickBooksGal!  775.348.9225

This information is reprinted from The General Ledger. Vol. 28, No. 12. December, 2011.