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Showing posts from January, 2012

Do You Need an Employer Identification Number? (EIN)

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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? employment excise alcohol tobacco firearms Do 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 ) Estates Real estate mortgage investment conduits Non-profit Organizations Employee Plans If you need an EIN, you can: Go to www.irs.gov and search for online EIN Call EIN at 800.829.4933 Fax a completed Form SS-4  to the Fax # located in the SS-4 Instructions Mail a completed Form SS-4 to the address in the SS-...

New 1099 Info - QuickBooks 2012 and Prior Version Tool

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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

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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 released   Payroll 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 Update   to make sure that you are in compliance with legislation that affects your payroll. Just follow these three simple steps: Check to see if you have   Automatic Updates   turned on. --   Choose   Help > Update QuickBooks. -- On the   Options   tab, you will see either   Yes   or   No   selected for Automatic Update. If   Yes   is selected, ...

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                                           ...