Payroll & Bookkeeping

/Payroll & Bookkeeping

Paycheck Protection Program FAQs

By |2020-04-07T14:42:38+00:00April 7th, 2020|Corporate & Partnership Tax, News & Events, Payroll & Bookkeeping, Press Releases|

The SBA and the US Treasury issued a Frequently Asked Questions document yesterday. Paycheck Protection Program Frequently Asked Questions April 6 2020  This is helpful as many companies and business owners are having trouble filling out the application.  There is also some disagreement among the banks as to what is allowed or not allowed. [...]

JMF Office and Recent Legislative Updates

By |2020-03-25T23:20:18+00:00March 25th, 2020|Accounting & Auditing, Construction, Corporate & Partnership Tax, Creative, Design, Entrepreneurs, Estate & Trust, Financial Institutions, Fraud, Health Care, Hospitality, Individual Tax, Internal Control Evaluation, International, Manufacturing, News & Events, Nonprofit, Oil & Gas, Payroll & Bookkeeping, Pension Admin & Consulting, Press Releases, SALT, Social Security, Technology, Timber|

Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment.  This remains a fluid situation and we will continue to communicate with you. [...]

Families First Coronavirus Response Act

By |2020-04-08T14:02:55+00:00March 23rd, 2020|Corporate & Partnership Tax, News & Events, Payroll & Bookkeeping|

After a couple of technical corrections by the House, the Senate passed and the President signed into law the Families First Coronavirus Response Act on March 18 (House Bill 6201).  The primary component for employers and employees to understand is the expansion of the FMLA provision and for increased paid sick leave.  The bill [...]

Be Sure About Estimated Tax Payments

By |2017-05-16T15:03:38+00:00May 16th, 2017|Entrepreneurs, Individual Tax, News & Events, Payroll & Bookkeeping|

Even though you just put your 2016 tax return to bed, you cannot rest easy. It is already time to pay attention to your tax liability for 2017. Significantly, you may be required to pay installments of “estimated tax” for this year, especially if you are self-employed or retired. The next due date for quarterly [...]

ATTN There is a new I-9 Form That Must be Used by Employers

By |2020-02-18T17:06:06+00:00March 1st, 2017|News & Events, Payroll & Bookkeeping, Press Releases|

Employers are reminded that on November 14, 2016, the U.S. Citizenship and Immigration Services (USCIS) released an updated version of Form I-9, Employment Eligibility Verification. Employers were required to begin use of the revised Form I-9 on January 22, 2017. Employers that fail to use Form I-9 (rev. 11/14/2016) on or after January 22, [...]

Heads Up Latest Form W2 Scam Targetting Payroll & HR Departments

By |2017-05-18T22:55:00+00:00January 27th, 2017|News & Events, Payroll & Bookkeeping|

The IRS has renewed its warning about an email scam that targets payroll and human resources departments. The scam involves a spoofing email in which a company's CEO apparently requests a list of employees and information including social security numbers or copies of their Form W-2.   The scam, which first appeared last year, is [...]

No Applause for Fraud: An Update on Popular Fraud Trends and How to Prevent and Detect Them

By |2017-05-18T22:55:02+00:00August 10th, 2016|Accounting & Auditing, Entrepreneurs, Fraud, News & Events, Payroll & Bookkeeping, Press Releases|

By: Kasey Powell, CPA, CPE Kasey is a senior accountant, certified fraud examiner, and a member of the JMF Timber Practice Group.   Kasey Powell Vcard  Kasey Powell LinkedIn Profile This year represents the 20th anniversary of the inaugural Association of Certified Fraud Examiner's (ACFE) Report to the Nation on Occupational Fraud and Abuse: 2016 Global Fraud Study. [...]

What you need to know about the new overtime (OT) law

By |2017-05-18T22:55:02+00:00May 23rd, 2016|Corporate & Partnership Tax, Entrepreneurs, News & Events, Payroll & Bookkeeping|

If you are an employer, you've probably heard that there are new laws about who qualifies for overtime pay.  It's been about two years in the making.  The most important items to understand are: The 2016 salary threshold is $913 per week or $47,476 annually for a full-year worker.  That's adjusted down slightly from earlier reports. [...]