Question: If I have employees in other states do I have to report them on E-Verify as well? Answer: It depends! If you are a larger employer, over 25 employees, you must sign up using the Federal system. You are allowed to select only the states or regions that you want to or are required [...]
Bryan Chandler, managing shareholder at JamisonMoneyFarmer PC, has been elected to the board of directors of the AlabamaGermany Partnership (AGP). The AGP is an Alabama nonprofit corporation formed in 1998 to develop and support relationships and friendships between organizations and individuals in Alabama and Germany. The membership is comprised of German companies located in Alabama, [...]
According to an article in the Journal of Accountancy this morning, the IRS has proposed making EIN holders update their information periodically. If enacted, this will be a retroactive regulation making it apply to all EIN holders and not just new EIN applicants. Comments for public hearing are due in June. I will watch this reg [...]
This blog post is probably more timely if it were 2009, given the recent positive news on the job front, but it some ways, this question is timeless. If you lose your job, there are multiple considerations that you have to address almost immediately. Quick action can save you considerable money and headaches. First [...]
I have moved this to our current events again in case you need the attachment for the April 1st deadline! As you probably have heard in the press recently some of Alabama's new immigration law has been blocked and some is still in place. Carol Armstrong, Attorney at Law has been kind enough to provide [...]
You may have heard in the press recently that the IRS is now demanding QuickBooks and Peachtree files from taxpayers during audits. The IRS does have authority to request these files, and it has been upheld in court. The taxpayer must provide the electronic records upon request. If a taxpayer attempts to withhold them, the [...]
Business Alabama just released their March publication which features a story on surviving tax season. Read and find out how we, and other firms in Alabama stay in our best frame of mind by taking fun breaks. Click here to read more.
Family businesses are different from closely-held businesses in that the two or more family members own more than 15% of the equity of the business, family members are employed or manage the business, and the intent of the members is to retain ownership. Per the Family Enterprise USA in 2011, there are 5.5 million family [...]
Have you ever considered ways to manage your payroll taxes? One good way to keep employer paid payroll taxes down is to manage your employee turnover. Each employee has related payroll tax expenses. On the first $8,000.00 in wages, for Alabama, and on the first $7,000.00 in wages, for Federal, you are taxed as the [...]
IRS has made available the new Standard Industry Fare Level (SIFL) rates for the first half of 2012 (January 1 through June 30). The SIFL formula is used in certain instances to determine the value of a noncommercial flight for employment tax purposes. The terminal charge has increased to $44.88 (previously, $43.79). The rate for the first [...]