Setting Up Payroll for an LLC or Corporation
Setting Up Payroll for an LLC or Corporation Payroll involves far more than just cutting a paycheck to employees. It entails calculating work hours, wages, salaries, benefits, wage garnishments, and
Types of Payroll Deductions
Types of Payroll Deductions Any business that hires employees must register to pay payroll taxes in the state(s) where it has employees. The requirements and processes are essentially the same regardless of a business’s legal
Corporation and LLC Payroll FAQs
Corporation and LLC Payroll FAQs While setting up payroll and registering for payroll taxes are generally the same for all business entity types, owners of LLCs and corporations may wonder about how the rules affect them personally. They
Why Gold?
Gold historically is both a store of value, meaning when you own gold it increases in value, and also a medium of exchange, meaning it has been used as “money”
Federal Tax filing deadline extended!
The IRS and Treasury Department have announced a federal tax filing and payment deadline extension for individual filers. Individuals can now file and pay any balance due for their 2020 tax
Should The Business Owner Be On Payroll?
This depends on your business structure: If the company is a sole proprietorship or a partnership, there is no need to be on payroll. An LLC Owner would normally not
What’s The Difference Between an Employee and a Contractor?
An employee is someone who works for your business, and you pay them payroll and you pay payroll taxes on that money – about 10% employer payroll taxes on each
1099s are due by January 31st!
When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are required to issue them a 1099 by
CARES Act Charitable Donations and Rollover
A lot of people have been asking me about the CARES Act and data about rollover for donations. Here is what I found so far: “Previously, deductible gifts to public
