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Accounting, Payroll & Pension Issues/Questions

SubjectDate AskedExpert
Payroll Service11/15/2016Shirley McAllister, CPP, PHR
  Q: I am working on a business model for a payroll startup and was hoping i could ask you some questions ...
  A: You can use a payroll service for the check processing and pay the taxes yourself, but I would not ...
Accounting Category10/18/2016Arthur Naman
  Q: I am filling in some accounting software for my new business. I need to know what things like ...
  A: Sorry it took so long to get back to you. When you sell a product, the cost of the product ...
Ref: question8/22/2016Arthur Naman
  Q: Good day Interested in finding out how taxes on rental properties are calculated where there are ...
  A: First, this forum is a place for bookkeeopng and accounting questiions as oipposed toi tax ...
409a Deferred Comp7/18/2016Shirley McAllister, CPP, PHR
  Q: Is there a good place for me to go to find out if State tax can be deferred until the withdrawal. We ...
  A: The only place that can give you that answer is the state tax office in each state listed. Each ...
question7/5/2016Arthur Naman
  Q: Good day Are there any ways and procedures that a small business owner could quickly double check an ...
  A: Yes, there are. 1. Be sure the checking accounts are reconciled. In fact, be sure all accounts ...
Pay Incentives for Part Time Employees6/22/2016Shirley McAllister, CPP, PHR
  Q: Shirley -- Do you see any issues with offering incentive pay to part time employees to encourage ...
  A: I can see a couple of concerns 1. If the hours for the part time employee exceeds the full time ...
Car allowances/401K6/16/2016Shirley McAllister, CPP, PHR
  Q: which is paid monthly, and designated as separate from "regular wages" - should that car allowance ...
  A: I have been HR for 32 years. I helped to design our 401K plan. We wrote into our plan all wages ...
Accounting error4/12/2016Arthur Naman
  Q: i'm an accountant working for property management company. Somehow I made a dumb mistake by making ...
  A: Yes, I would tell your CPA about it. As to whether it will be resolved, I do not know exactly ...
Accounting Question2/12/2016Arthur Naman
  Q: The owner of our small business has sold his home and is now commuting from another state and ...
  A: From an accounting viewpoint, that type of expense would, I think, be considered "rent." I think ...
Training for 3 days and working 39 hours in 3 days12/18/2015Shirley McAllister, CPP, PHR
  Q: I got my pay check and it was under 300 dollars for the time I worked in the 3 days. Am I obligated ...
  A: You can be paid either hourly or salaried, however, your job is non exempt which means you need to ...
Carry forward loss for S corp12/11/2015Arthur Naman
  Q: My ex did not transfer all shares of our corp to me as supposed to. Each year because of this I've ...
  A: This is not a forum for tax advice. There are other forums on this Web site for tax and legal ...
Scam?11/19/2015Arthur Naman
  Q: I recently got an internship at Allco's Financial Group. They ask me to accept people's rent deposit ...
  A: From what I read onine, Allco appears legit. You did not describe the "rent deposit" you will be ...
Accounting impossible11/16/2015Arthur Naman
  Q: I got an associate's degree in accounting back in 2010. Ever since, I have diligently searched and ...
  A: Your problem is a perennial problem; it's been true for decades. You may have to work at jobs ...
tin no.11/2/2015Arthur Naman
  Q: I want ti become vandor and sell online my product but at registration they are asking for tin no. ...
  A: No, they are not the same. TIN is a taxpayer identification number used in the USA. VAT is for a ...
3rd party paryroll9/28/2015Shirley McAllister, CPP, PHR
  Q: My employer has contracted with another company to do their payroll. This was implemented without ...
  A: Many companies outsource payroll duties to outsourcing companies such as ADP, Paylocity, Ceridian ...
1099's8/25/2015Shirley McAllister, CPP, PHR
  Q: We are remodeling part of our business building. I have a Sub S corporation. I have already paid ...
  A: If the concrete guy is a corporation no 1099. You will have to find out if he is a corporation or ...
Social Security Tax8/11/2015Shirley McAllister, CPP, PHR
  Q: We just hired someone at our company that has already maxed out on their social security tax so she ...
  A: Whenever a new EIN number is used for reporting taxes the social security starts with zero. You ...
W2 Deductions for deceased employee8/4/2015Shirley McAllister, CPP, PHR
  Q: We have online employees in California that did work for us last year, and we agreed to pay them in ...
  A: Social Security will not notify you of a death of an employee. I do not know how you will catch ...
basic bookkeeping7/17/2015Arthur Naman
  Q: Arthur, pleased to meet you! I'm a pawn-pusher in this field, so my question is basic. Regarding ...
  A: Yes, you do look at each item that can be considered equity. By classifying each item can be ...
Holiday pay and overtime pay7/6/2015Shirley McAllister, CPP, PHR
  Q: Our company voluntarily pays a premium of time and one-half for designated holidays. For nonexempt ...
  A: You are correct, if the holiday puts the non exempt in an overtime state, than you do not have to ...
Employee Perks6/19/2015Shirley McAllister, CPP, PHR
  Q: We receive an employee card that has money loaded on it every month for us to eat at the restaurant ...
  A: It is taxable to the employee unless it is for the convenience of the employer so the employees are ...
bonus5/8/2015Shirley McAllister, CPP, PHR
  Q: hi Shirley I work construction company-this year they give bonus we all do good job-the company ...
  A: I have not worked in a union environment, however, from what I have read and been told the Union ...
new law about sick leave for employees4/26/2015Arthur Naman
  Q: I am a therapist on this site helping others too. smile. I am writing about the new law. My ...
  A: There are a bunch of things I am not clear about, let's discuss. By " new law" I'm not sure what ...
sales tax / resellers id4/8/2015Shirley McAllister, CPP, PHR
  Q: we just started our llc based in Delaware, which doesn't have sales tax. our problem is our drop ...
  A: I would use the ID for the state in which you are located. You are buying for resell so there would ...
Payroll Taxes3/27/2015Shirley McAllister, CPP, PHR
  Q: We have an employee that lives in Indiana but works in Ohio. We currently do not have an account in ...
  A: You are not required to set up an account in Indiana and withhold taxes although you may if you ...
Pension Benefit3/9/2015Shirley McAllister, CPP, PHR
  Q: I am a former employee (1981 thru 1989) of The Jordan Marsh Co. in Boston, owned at that time by ...
  A: it is possible, however that far back it may have been eaten up by fees. most companies charge fees ...
Pension Benefit3/9/2015Arthur Naman
  Q: I am a former employee of Jordan Marsh (Allied-Federated Stores) in Boston. I left there in ...
  A: I really do not have a good answer for you. As mentioned in my profile, my expertise is in ...
Fed W/H amount differs2/20/2015Shirley McAllister, CPP, PHR
  Q: I was wondering how Fed W/H works, I am a little confused. On my pay check which come every two ...
  A: your federal withholding will depend on the amount you earn and the way in which you filled out your ...
business partnerships2/10/2015Arthur Naman
  Q: PartnershipPartner A and partner B decide to start a business. Partner A invests all the money, ...
  A: What does the partnership agreement say about loan repayments? From the brief description provided, ...
Customer Charge Accounts12/5/2014Arthur Naman
  Q: I run the office at a small auto repair shop in Oregon. We sometimes allow customers to charge part ...
  A: I am not sure as to the answer to your question. The question is whether your state's laws permits ...
Why must statements balance to the penny?11/12/2014Arthur Naman
  Q: Naman: I have worked in office jobs where I was required to do basic accounting including ...
  A: Reconciliations should always be "to the penny." If not, the problem is that there is the ...
Line Item on Pension Statement10/6/2014Shirley McAllister, CPP, PHR
  Q: My dad's pension check from Firestone/Bridgestone has two line items on it each month. The codes ...
  A: Okay since I do not work for Firestone/Bridgestone I do not know what their code stands for. It ...
need accounting service10/6/2014Arthur Naman
  Q: I was wondering if you could refer me to an affordable accountant who can do reviewed financial ...
  A: I would recommend your finding someone in your area, if not in your locale, at least in your state. ...
Pension problem with what is taken out9/29/2014Shirley McAllister, CPP, PHR
  Q: How in the world do I get in the phone number regarding my pension deductions??? Every thing on the ...
  A: First I need more information. I need to know if you are talking about a payroll deduction from your ...
Accounting for non-profit9/24/2014Arthur Naman
  Q: I have been appointed as the initial fiscal agent for a non-profit healthcare coalition and I'm ...
  A: My expertise is in for profit accounting. In addition I have no experience with an organization ...
401k loan payoff9/21/2014Shirley McAllister, CPP, PHR
  Q: ok,I have a 401k loan of about 3k being paid back wkly at 64.oo ACH.this retirement company will not ...
  A: I am the administrator for our 401K plan. You are not allowed to use the money in your retirement ...
Question9/15/2014Arthur Naman
  Q: I'm a little confused by this. I own a Compaq computer and rent a Motor Vehicle. Can I expense both ...
  A: First, let's discuss the Compaq computer. Assets are depreciated beginning when they are used in the ...
Bookkeeping record of investments9/9/2014Arthur Naman
  Q: I am church treasurer and we are switching to a double-entry bookkeeping system. We have endowed ...
  A: First, I have no experience with non-profit accounting. Regarding changes in market value, normally ...
Reissuing Pay Stubs8/29/2014Shirley McAllister, CPP, PHR
  Q: I need to submit my last 26 weeks of pay stubs to the UIA from a job that I was laid off of in MI. ...
  A: In Michigan they must give you the pay stub when you are paid or a statement with the information on ...
accounting issues8/20/2014Arthur Naman
  Q: I am trying to set up a bookkeeping system for a used car dealer. I was a bookkeeper 40 years ago ...
  A: At the end of the month, or other accounting period, the current period net income or (loss) is ...

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Accounting, Payroll & Pension Issues

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Shirley McAllister, CPP, PHR

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Expertise

I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension. I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures. Please do not ask me homework questions I do not have time to answer them.

Experience

25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.

Organizations
SHRM, APA, I.O.M.A.

Publications
I.O.M.A. and BNA

Education/Credentials
P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration. Boise State University Human Resource Certification

Awards and Honors
APA Hotline Citation of Merit for last 8 years.

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