Taxpayers who receive certain types of income may have backup withholding deducted from these payments. Backup withholding can apply to most payments reported on certain Forms 1099 and W-2G. Here are some facts to help taxpayers understand backup withholding....
When hiring a company to handle payroll and payroll tax, employers should carefully choose their payroll service provider. This can help a business avoid missed deposits for employment taxes and other unpaid bills. Most of these businesses provide quality...
Outsourcing is a growing trend with seemingly countless benefits. Typically, responsibilities such as accounting and financial decision-making, marketing, and programming will be among the first that businesses make the decision to outsource. By delegating these tasks to experts, your...
WASHINGTON — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can...
When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. The staff at ASY are experts...
An updated tax rule is causing restaurants to rethink the practice of adding automatic tips to the tabs of large parties. Starting in January, the Internal Revenue Service will begin classifying those automatic gratuities as service charges—which it treats...
Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and timely depositing payroll taxes on the...
Attorney says owners of company being investigated for not forwarding tax payments believe they can pay creditors By Lorraine Mirabella, The Baltimore Sun10:42 p.m. EDT, March 13, 2013 A Bel Air payroll company under investigation for allegedly not forwarding...
If you are effected by this and need help, we are familiar with cases like this. We helped several former NETPAY clients several years ago after they closed due to similar situation. Contact us today. By Jamie Smith...
WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers and tax preparers affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments normally due today. The relief applies to taxpayers and tax preparers...
Outsourcing payroll duties to third-party service providers can streamline business operations, but the IRS reminds employers that they are ultimately responsible for paying federal tax liabilities. Recent prosecutions of individuals and companies who – acting under the guise of...
Last Friday, Net Pay Payroll Services unexpectedly announced they were closing their doors due to bankruptcy.This left many clients without payroll services and in a panic, as the nature of their closure left their 700 plus clients high and...
IR-2010-126, Dec. 23, 2010 WASHINGTON — Following last week’s tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to...
Bookkeeping • Payroll • Tax Preparation • Government Correspondence From small business to non-profit (501(c)(3))… from new business to established… we handle the numbers so you can concentrate on the business! AS of York caters to small business owners....
Bookkeeping • Payroll • Tax Preparation • Government Correspondence From small business to non-profit (501(c)(3))… from new business to established… we handle the numbers so you can concentrate on the business! AS of York caters to small business owners....