ALERT Your Employees: They May be Underpaying Federal Income Tax
Because of the new withholding tables under the American Recovery and Reinvestment Act, some employees might want to adjust their 2009 FITW
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ALERT Your Employees: They May be Underpaying Federal Income Tax
Here is a timely item from the current, September 2009, issue of our member monthly newsletter, The General Ledger….. Because of the new withholding tables under the American Recovery and Reinvestment Act, some employees might want to adjust their 2009 FITW by submitting a new W-4 now. The Act reduced FITW to reflect the Make Work Pay tax credit. But for some employees, that adjustment may result in paying less than the required 90% of FIT by Dec. 31, 2009, which may lead to
Tips for Closing Your Financials for the First Quarter
March 31st marks the end of the first quarter for all companies that close their books on December 31st. This is the time to clean up your books so that you can send financial statements to your CPA for tax planning purposes. Here are some items that need to be completed at the end of the quarter: Reconcile all your bank, loan, lines of credit, and credit card statements through March 31st Review your Income Statement (Profit & Loss) from the beginning of the year through Mar
Tips for Closing your Financials at Year End
December 31st marks the end of the fiscal year for most companies. A time to close your books for the year and compile your year end tax return. This is the time to clean up your books so that you can send financial statements to your CPA for year end tax reporting. Here are some items that need to be completed at the end of the year: Reconcile all your bank, loan, lines of credit, petty cash account, and credit card statements through December 31st. Sometimes there are state
ALERT Your Employees: They May be Underpaying Federal Income Tax
Here is a timely item from the current, September 2009, issue of our member monthly newsletter, The General Ledger….. Because of the new withholding tables under the American Recovery and Reinvestment Act, some employees might want to adjust their 2009 FITW by submitting a new W-4 now. The Act reduced FITW to reflect the Make Work Pay tax credit. But for some employees, that adjustment may result in paying less than the required 90% of FIT by Dec. 31, 2009, which may lead to
Tips for Closing Your Financials for the First Quarter
March 31st marks the end of the first quarter for all companies that close their books on December 31st. This is the time to clean up your books so that you can send financial statements to your CPA for tax planning purposes. Here are some items that need to be completed at the end of the quarter: Reconcile all your bank, loan, lines of credit, and credit card statements through March 31st Review your Income Statement (Profit & Loss) from the beginning of the year through Mar
Tips for Closing your Financials at Year End
December 31st marks the end of the fiscal year for most companies. A time to close your books for the year and compile your year end tax return. This is the time to clean up your books so that you can send financial statements to your CPA for year end tax reporting. Here are some items that need to be completed at the end of the year: Reconcile all your bank, loan, lines of credit, petty cash account, and credit card statements through December 31st. Sometimes there are state
ALERT Your Employees: They May be Underpaying Federal Income Tax
Here is a timely item from the current, September 2009, issue of our member monthly newsletter, The General Ledger….. Because of the new withholding tables under the American Recovery and Reinvestment Act, some employees might want to adjust their 2009 FITW by submitting a new W-4 now. The Act reduced FITW to reflect the Make Work Pay tax credit. But for some employees, that adjustment may result in paying less than the required 90% of FIT by Dec. 31, 2009, which may lead to
Tips for Closing Your Financials for the First Quarter
March 31st marks the end of the first quarter for all companies that close their books on December 31st. This is the time to clean up your books so that you can send financial statements to your CPA for tax planning purposes. Here are some items that need to be completed at the end of the quarter: Reconcile all your bank, loan, lines of credit, and credit card statements through March 31st Review your Income Statement (Profit & Loss) from the beginning of the year through Mar
Tips for Closing your Financials at Year End
December 31st marks the end of the fiscal year for most companies. A time to close your books for the year and compile your year end tax return. This is the time to clean up your books so that you can send financial statements to your CPA for year end tax reporting. Here are some items that need to be completed at the end of the year: Reconcile all your bank, loan, lines of credit, petty cash account, and credit card statements through December 31st. Sometimes there are state