Often in lean times employers will advance employees part of their wages to help them cover a need. This is especially true for employees who are paid monthly or have wages paid a week or two in arrears. So when you make that advance how is it treated for tax purposes? Technically, if it is [...]
The Form 2290 Heavy Highway Vehicle Use Tax is due by August 31st. Payments can be made via the Electronic Federal Tax Payment System (EFTPS) or by check sent with the form. Please contact our Client Services Department if you need assistance with this form.
There are two categories of employers for Form W-2 reporting of health care.1. Those who will receive Transition Relief2. Those who are required to report on the 2012 Form W-2 issued in January 2013 Transitional Relief applies to: Employers who filed fewer than 250 Forms W-2 for the prior year (2011 Forms in this case) [...]
The Alabama Department of Revenue will begin administration of the Prepaid Wireless 9-1-1 Charge effective September 1, 2012. This regulation (Legislative Act No. 2012-293) requires all sellers making retail sales of prepaid wireless telecommunication services to collect from consumers a Prepaid Wireless 9-1-1 Charge. This includes, but is not limited to, the sale of prepaid wireless [...]
News Release | August 1, 2012 | Alabama Department of Revenue Montgomery—The Alabama Department of Revenue (ADOR) alerted taxpayers today of an e-mail scam in which taxpayers are reportedly advised that they have been awarded gift cards or other prize winnings from the Alabama Department of Revenue. The ADOR advises that if you receive an [...]
Important Notice The legislature has passed and the Governor has signed Act No. 2012-309 relating to the sale of insulin, insulin syringes, and related items to treat diabetes. Act 2012-309 provides that in addition to any other exemption provided by law, any items used for the treatment of diabetes purchased by or on behalf of [...]
Many taxpayers have recently received e-mail messages claiming to be from the IRS. In many instances these e-mails are referencing tax refunds or other entitlements urging the recipient to provide information, click on a link in the message, or to open an attachment. If you receive a similar message, DO NOT OPEN IT. Do not reply to [...]
JMF has posted a QuickBooks Training video about Bank Reconciliations on You Tube. http://www.youtube.com/watch?v=BfeIonqJfnQ&feature=email This 6 minute video by Linda Forde walks you through the step by step process of completing a bank reconciliation in QuickBooks. Look for more videos - coming soon...
The Alabama Department of Revenue issued a press release regarding the upcoming Sales Tax Holiday for Severe Weather. Local Governments should let the DOR know if they will be participating by June 22, 2012 for the sales tax holiday set for July 6 through July 8. The city and county listing will be available at [...]
QuickBooks is scheduling system-wide upgrades on May 24th - May 29th. This will affect which applications in the payroll product are available. Please review the attachment for the items that you may need to address for your payrolls during this time. Please call JamisonMoneyFarmer PC if you have any questions or need any assistance with [...]