| Subject | Date Asked |
|
| pension funds | 10/30/2009 |
Q: i AM 21 YEARS OLD THANKS
A: You can't get your pension without penalties until you are 591/2. If you have company pension you ...
|
| Zero Tolerance Late Clock-ins | 10/29/2009 |
Q: We are currently using the 7 minute rule in our time keeping process, it has become common for the ...
A: I have the same problem, only I have employees that "forget" to clock in and managers have to ajust ...
|
| non exempt pay | 10/27/2009 |
Q: I work for a public school in Ohio as a custodian and am paid 26 equal pays from July 1 to July 1 of ...
A: What they are telling you is that your contract says you will be paid a specific amount of money ...
|
| Hiring South African resident from offshore | 10/24/2009 |
Q: I want to hire a specific SA national/resident to do research and writing. I do not conduct ...
A: Ceridian will do your payroll and pay the correct withholding and social insurance. If that is what ...
|
| employee's tax home | 10/21/2009 |
Q: what is the length of time an employee has to be away from home to determine if withholding in ...
A: Withholding is not determined by the amount of time the employee is away from home. State ...
|
| commission | 10/20/2009 |
Q: I work for a large department store in the cosmetics department. For years now we have been paid ...
A: If you have an old employee handbook or some type of proof that you were told you would be paid 3% ...
|
| US Employee paid from Canada | 10/15/2009 |
Q: We are a Canadian company but one of our employees moved to North Carolina about a year ago. We ...
A: The two that I know of are "Ceridian" and "ADP". I don't know how it would work with ADP as there ...
|
| Payroll liabilities and a new company | 10/13/2009 |
Q: My husband's old company recently declared bankrupty. He has an IRS lien (payroll taxes) that cannot ...
A: If the old company or partner is paying it back than it would be set up as a loan to the other ...
|
| Group Term Life Insurance | 10/9/2009 |
Q: I have a quick question for you. I have emailed you before, but I'll recap. I've taken over our US ...
A: First you have the IRS Table 1-Uniform Premiums (Fair market value of GTL Insurance per 1,000 of ...
|
| Hours on time clock punch does not match paycheck | 10/9/2009 |
Q: I live in Illinois and work as an assistant manager of a restaurant that is privately owned with ...
A: They are paying you as a salaried exempt employee. Salaried exempt employees are not eligible for ...
|
| Bonus wages | 10/9/2009 |
Q: Are bonus wages processed as a separate payment subject to voluntary deductions such as 401k ...
A: Bonus wages processed as a separte payment may or may not be subject to 401K contributions. It ...
|
| common paymaster rules | 10/1/2009 |
Q: I understand that each state has different rules on whether they allow a common paymaster. I need ...
A: Common paymaster rules are under the IRS federal statutes Treasury Regulations, Subchapter AC, Sec. ...
|
| Expense Reimbursement | 9/23/2009 |
Q: If an employer decides to reimburse employees the out of pocket cost to get the swine flu shot (not ...
A: If the receipt you collect from the employe says flu shot or vaccine on it you do not have to tax ...
|
| Canada FTax Exemption | 9/22/2009 |
Q: I am an employer working out of our corporate office in the US however we have set up a permanent ...
A: I forgot to say the newsletter is free. Also I will try and remember , but I get between 20 and 60 ...
|
| IFRS Accounting | 9/22/2009 |
Q: I live in Canada and I'm thinking about becoming an accountant. On Jan. 2010 IFRS will come into ...
A: Core accounting will still apply. The new IFRS are the new International Accounting Rules. Yes, you ...
|
| Employer failing to submit proper tax witholdings to irs, workers comp, and state | 9/16/2009 |
Q: I am pretty sure my employer has been with holding the proper amount from my check, (fica, state, ...
A: You can check with your local Department of Labor, or with the IRS. The employer would have had to ...
|
| Health insurance deductions | 9/15/2009 |
Q: Is it legal to deduct health insurance fees from employee's paycheck the pay period before the ...
A: If you are paying a month ahead for insurance and you terminate than you should be prepaid a month ...
|
| Canada FTax Exemption | 9/11/2009 |
Q: I am an employer working out of our corporate office in the US however we have set up a permanent ...
A: Canadian residents A person who is a resident of Canada is subject to Canadian income tax on their ...
|
| PAYROLL DEDUCTIONS | 9/10/2009 |
Q: I WORK FOR A UNION WHERE OUR MEMBERS ARE HIRED AND PAID BY CONTRACTORS. CAN A WORKER RECEIVE A ...
A: In Pennsylvania the only reference there is on thier statutes is to Railroads which must have a ...
|
| PAYROLL DEDUCTIONS | 9/10/2009 |
Q: I WORK FOR A UNION WHERE OUR MEMBERS ARE HIRED AND PAID BY CONTRACTORS. CAN A WORKER RECEIVE A ...
A: In some states pay stubs are required and in some they are not. Let me know in which state you are ...
|
| 401K Distribution | 8/25/2009 |
Q: I worked for a small privately owned company that closed on 4/2009. I requested a distribution form ...
A: Employee Benefits Security Administration of the U.S. Department of Labor (EBSA) ...
|
| Payroll question | 8/13/2009 |
Q: I have a small business with two employees. I plan to expand and hire more employees. Currently I ...
A: You can hire someone already trained. If you wish to train an existing employee than I suggest the ...
|
| Switching from W-2 to 1099-Misc | 8/12/2009 |
Q: My employer made a big error by putting me on a 1099-Misc rather than a W-2. This information was ...
A: You only need to pay the employee taxes, not the employer taxes. The Fica and medicare amount is ...
|
| payroll | 8/8/2009 |
Q: I drive a truck for this individual and he owes me over 4000.00 in pay, what little he has paid me ...
A: If I were you I would contact the Arkanasas department of labor because you should have been an ...
|
| Payroll Deductions | 8/5/2009 |
Q: I hope you can help me with this matter. I started a new job in January. This July, we had three ...
A: Ask what the monthly premium is for insurance. Than take that times 12 months. Now divide it by 26 ...
|
| Bonuses | 8/4/2009 |
Q: I am working a job where I get a salary and get paid $3400 every two weeks (Bi-weekly). I started ...
A: Bonus checks are not calculated on your W-4 form or your deductions. They are calculated on the ...
|
| Bi-monthly payroll | 7/31/2009 |
Q: One more question regarding the previous questions about my company paying us as salary instead of ...
A: There is a whistleblower's law which is supposed to protect against retaliation. That is not to say ...
|
| Bi-monthly payroll | 7/31/2009 |
Q: I work for a company that uses a bi-monthly payroll system. How many days are supposed to be in a ...
A: They are paying you as a salaried employee. You need to talk to Human Resources about the ...
|
| Bi-monthly payroll | 7/31/2009 |
Q: I work for a company that uses a bi-monthly payroll system. How many days are supposed to be in a ...
A: Again hours do not matter to a salaried exempt employee. You are paid on a salaried basis not an ...
|
| 401 K missing funds | 7/30/2009 |
Q: the Co. has withheld 7,900 from my payroll and only deposited 6,900 with the wellsfargo fund the ...
A: I would find out from the company why there is a difference. I would suspect it is a fee for the ...
|
| Bi-monthly payroll | 7/30/2009 |
Q: I work for a company that uses a bi-monthly payroll system. How many days are supposed to be in a ...
A: If you are salaried than your annual salary is divided by the number of payperiods in a year. So if ...
|
| Common paymaster vs pay agent | 7/29/2009 |
Q: Shirley, even as follow APA member I am not finding any nice 10 step comparison of master vs agent. ...
A: I do not find an easy 10 step comparison anywhere Common paymaster is a member of a group of ...
|
| Payroll Deduction | 7/29/2009 |
Q: I live in the state of Texas. Where I work, we get paid biweekly...26 times a year. Our health ...
A: We also deduct our insurance payments 26 times a year. I take the total amount of the annual ...
|
| NSF Payroll Checks | 7/28/2009 |
Q: I have a client that issued a payroll check in December 2007. It came back NSF. They reissued the ...
A: It would count as wages when the money was actually received by the recipient. however, if all the ...
|
| Payroll for an intern | 7/26/2009 |
Q: I am a small business and use quickbooks payroll software. I am looking to hire a college student ...
A: Different states have different programs for internships. It hinges a lot on whether or not the ...
|
| Time Clock In-and-Out Rounding; P2 | 7/18/2009 |
Q: I work part-time for a company in California. They use an automatic time clock and they round up and ...
A: The employer cannot stop someone from clocking in and out unless they are standing right there at ...
|
| 401K Forfeiture Accounting | 7/17/2009 |
Q: My company makes matching contributions each month to the 401K Plan. We record these contributions ...
A: When I put an expense such as an admin fee into the 401K account it goes in as a credit. When I pay ...
|
| Credit Card | 7/12/2009 |
Q: I know this is not your specific area of expertise, but you're the closest I could find. I am in ...
A: I use no credit cards for my small side business I do at home. I set up a separate bank account ...
|
| back pay | 7/8/2009 |
Q: I was recently told by our human resources department that I have not been getting paid as a ...
A: I do not believe that your wages were affected. A 10 month or a 12 month employee usually refers ...
|
| Unemployment Benefits | 7/1/2009 |
Q: I was recently let go from my job (very unjustly but that's another matter) I filed for unemployment ...
A: The Department of Labor is investigating if it is pending. Please do keep reporting. They may go to ...
|
| Unemployment Benefits | 7/1/2009 |
Q: I was recently let go from my job (very unjustly but that's another matter) I filed for unemployment ...
A: I also do not wish it on anyone. Some landlords do understand and will work with you. It is very ...
|
| Unemployment Benefits | 7/1/2009 |
Q: I was recently let go from my job (very unjustly but that's another matter) I filed for unemployment ...
A: It is not legal and the company should pay a huge fine and penalty for not paying their unemployment ...
|
| Retirement contribution "matching" | 6/26/2009 |
Q: Ms. McAllister, I am looking for a basic explanation of what "matching" is. If I contribute 2% of ...
A: Your company must have a government approved retirement plan in order to do this. The money you ...
|
| Pension refound/ cash out | 6/22/2009 |
Q: maybe You can help me with pension question. i have worked in california for 3 years in 1958-61. i ...
A: What type of pension do you refer to? Did you pay private pension or 401K? If so than you would ...
|
| Employer refuses to pay valid FlexSpend expenses | 6/20/2009 |
Q: My husband left this company before the end of 2008. AFLAC manages they FSA and Dependant care ...
A: FSA plans are regulated by the IRS and the Department of Treasury and are considered a group health ...
|
| Docking practice by employer | 6/18/2009 |
Q: this time is unpaid as it allows me to get to my work station, is this legal? Also, if I am late ...
A: You must be paid from the time you clock in on the clock to work until the time you clock out. It ...
|
| reimbursement for mileage | 6/8/2009 |
Q: In California, what is the typical per-mile reimbursement paid to an employee?
A: Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or ...
|
| reimbursement for mileage | 6/8/2009 |
Q: In California, what is the typical per-mile reimbursement paid to an employee?
A: Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or ...
|
| w2 witholding | 6/6/2009 |
Q: Although I am retired from IBM, earlier this year I settled a law suit. The settlement was taxable. ...
A: No w-2 0r w-4 was used to calculate this payment. This payment was calculated on supplementary pay ...
|
| biweekly paydays | 5/29/2009 |
Q: We get paid on the 15th and 30th of each month. Our employer states that if the last day of the ...
A: If the payday falls on Sunday and the company is closed than you may be paid on the next business ...
|
| Canadian payroll | 5/22/2009 |
Q: I do payroll for an Illinois corporation. They have eight employees. They are now considering ...
A: My suggestion to you is to contact ADP Canada and set up the Canadian Payroll. They will charge you ...
|
| 401k withdrawl | 5/21/2009 |
Q: My wife was terminated from a job 12/31/08 she had a 401k balance partially 100% vested. The ...
A: If your wife is terminated she should be allowed to take a lump sum payout of her 401K with ...
|
| Changing payroll frequency mid year | 5/11/2009 |
Q: This question is related to one you answered in early May. We are also switching from semi-monthly ...
A: The proper way to do this is to figure out how much they have earned so far this year. Subtract it ...
|
| All work and no pay | 5/9/2009 |
Q: Recently I got a job for my cousin as a process server and file clerk for her business. I've worked ...
A: You could send her a certified letter that she has to sign for and say that unless you are paid your ...
|
| Payment for hours worked | 5/8/2009 |
Q: I am the accountant for a company in Louisville, Kentucky. Kentucky has a statute requiring ...
A: This is committing fraud and stealing from the company. Put out a policy and have every employee ...
|
| Canadian Payroll | 5/7/2009 |
Q: If implementing and running a Canadian payroll from the US, what would be the first few questions to ...
A: I would suggest that you contact ADP canada and set payroll up with them. They take care of all the ...
|
| Payment for hours worked | 5/6/2009 |
Q: I am the accountant for a company in Louisville, Kentucky. Kentucky has a statute requiring ...
A: You could be in violation of the FLSA for doing this. The employee only needs to file a claim with ...
|
| Payment for hours worked | 5/5/2009 |
Q: I am the accountant for a company in Louisville, Kentucky. Kentucky has a statute requiring ...
A: The government says that you must pay the employee even if you have no time card. They have put the ...
|
| Changing Pay Frequency | 5/1/2009 |
Q: We currently pay current and semi-monthly. We have tossed around changing to bi-weekly in arrears. ...
A: There really is no easy time to do this. Bi weekly is a much easier way to pay hourly employees and ...
|
| 401K and LLC | 4/29/2009 |
Q: I am forming an LLC. I would like to know if I can open a 401K plan. I am the sole member of this ...
A: You would be better off just putting money in an IRA. A 401K is for companies with many employees. ...
|
| employer taxes | 4/23/2009 |
Q: If a payroll check was issued in error and could not be voided because it was automatically ...
A: If you already paid in the taxes than you have to file a 941X to recoup the employer taxes paid in ...
|
| Payroll Taxes | 4/20/2009 |
Q: Our church has a missionary that is our employee. He is paid from donations that are designated to ...
A: If he is not paid a set salary and only by donation. You would figure the fica on the amounts he is ...
|
| pension | 4/10/2009 |
Q: I left the carpenters union for Missouri and wanted to know if I can cash out my pension.
A: This would depend on multiple factors. (a) How your pension plan is written. Some plans are ...
|
| business hours vs after hours | 4/7/2009 |
Q: after you work a shift from 9 to 5 monday though friday an u are asked by the employer to tavel ...
A: No money paid to an employee is tax free it does not happen. It can be done either way and it is at ...
|
| changing payroll frequecies | 3/31/2009 |
Q: We have 44 employees. Half are paid bi-weekly (hourly) and the other half are paid semi-monthly ...
A: This can be done. This is what you need to do. Give them notice that this will be changing so they ...
|
| Requiring Exempt Level Employees to fill in with vacation time | 3/31/2009 |
Q: Am I required to pay an exempt level employee working in PA vacation and personal time in 8 or 4 ...
A: Exempt employees must be paid for the whole day if they work part of the day. Since they are not ...
|
| Accounting for a 401K Plan | 3/28/2009 |
Q: I handle the bookkeeping for a small business and we just started a 401K plan within the past year. ...
A: The funds are recorded right away when the employee contribution is made. They also should be paid ...
|
| 401k loan and corporate buyout | 3/27/2009 |
Q: I currently have a 401k loan with a stipulation you must pay it off in full if you leave your ...
A: I do not know the exact specifics of your 401K plan and they all are written differently. There is ...
|
| Sick Time for Exempt Employees | 3/26/2009 |
Q: I'm salaried exempt. We recently changed our sick time policy. It's been reduced to 80 hours per ...
A: Sick pay, PTO, and Vacation time are fringe benefits provided by the employer. The are not mandated ...
|
| Changing pay frequencies | 3/25/2009 |
Q: The company I work for used to pay bi-weekly (26 pay periods). They decided that starting in the new ...
A: The first thing that needs to be understood is that salaried workers do not work by the hour nor by ...
|
| bounced payroll checks and late payroll | 3/25/2009 |
Q: I need some advice, right now I have 2 ISF payroll checks and 2 more that I have been holding at ...
A: My advice is to quit and go sign up for unemployment. You cannot afford to work for free and you ...
|
| payroll deductions on final paycheck | 3/18/2009 |
Q: If an employer buys out an employee from an agency and this employee signed an acknowledgement that ...
A: Does the signed agreement have a clause that says she agrees to pay back the money if she quits? If ...
|
| Repayment of a Payroll Error | 3/16/2009 |
Q: The company I work for mistakenly paid me double my normal quarterly bonus. I brought the mistake ...
A: If you pay back the gross amount they must somehow adjust your taxes so you are not paying in too ...
|
| salary reduced although have contract | 3/12/2009 |
Q: I am a pharmacist who is salaried at 80 hours every two weeks. The company I am working for is ...
A: If you are salaried exempt and you work part a of a day you must be paid for the entire day. If you ...
|
| Employee Retirement Accounts / Tax Savings | 3/10/2009 |
Q: As a small business owner, with fewer than ten employees, I'm curious if an inexpensive and simple ...
A: The 401K plan is the most widely used plan. It is under ERISA and there are many regulations, it is ...
|
| 1099 Bonus | 3/6/2009 |
Q: I work for a race team and we get paid by our sponsor which is our employer. But we get bonus from ...
A: If they are both written from the same company than it cannot be done that way. An employee cannot ...
|
| payroll in california | 3/5/2009 |
Q: My offer letter states that I will make $42,000.00 a year in California, but I will be paid as a non ...
A: The overtime is usually extra, however, with your schedule if you work all year and work 44 hours a ...
|
| 1099 Bonus | 3/5/2009 |
Q: I work for a race team and we get paid by our sponsor which is our employer. But we get bonus from ...
A: In this instance you are recieving the bonus from a different entity. They would have to put you on ...
|
| Canadian company absorbing our US Companies payroll | 3/4/2009 |
Q: I was hoping that you could help me out. We are a Canadian company based in Ottawa, Ontario and ...
A: A big job you have been handed. This is actually familiar to me. I am in the U.S. and I do the ...
|
| PTO pay out | 3/4/2009 |
Q: Is it ok to not pay out unused PTO to terminated employees but pay it out for current employees. ...
A: There is no rule for vacation. It does not have to be given, but if it is given than it must be ...
|
| PTO pay out | 3/4/2009 |
Q: Is it ok to not pay out unused PTO to terminated employees but pay it out for current employees.
A: If you are paying out PTO than it must be paid to all employees terminated or not. If you have a ...
|
| Wage Income Reported via 1099-MISC | 3/2/2009 |
Q: Interesting situation here, although it seems that it's not all that uncommon (Google is sort of ...
A: Most independent contractors do have a contract. The contract in itself would not exactly place you ...
|
| Canadian Payroll | 3/2/2009 |
Q: If an employee is on a monthly salary but gets a mid-month advance should they be on a 12 pay-period ...
A: If the employee is paid a monthly salary then they are on a 12 month pay period. An advance is ...
|
| Wage Income Reported via 1099-MISC | 3/2/2009 |
Q: Interesting situation here, although it seems that it's not all that uncommon (Google is sort of ...
A: I agree that you should be classified as an employee, taxes withheld and income reported on a W-2 ...
|
| extra wages | 2/28/2009 |
Q: My previous employer used a 3rd party company for HR/Payroll services. Four months after leaving the ...
A: Sounds like perhaps you should have taken your W-2 and left with it without starting another ...
|
| Mileage reimbursement | 2/27/2009 |
Q: The company I work for reimburses me 48.5 cents for mileage. Unfortunately 3 weeks ago my car was ...
A: The company is not responsible for your car being broken into, even if you are working, that is why ...
|
| Getting paid | 2/23/2009 |
Q: I was terminated recently and tried to receive my last pay check. They did not have it ready on the ...
A: Yes, a lawyer can write you a letter. I cannot write one I am not a lawyer. Lawyer's charge about ...
|
| Getting paid | 2/23/2009 |
Q: I was terminated recently and tried to receive my last pay check. They did not have it ready on the ...
A: Small claims court is probably the fastest way. The other option is to file an unpaid wages claim ...
|
| Definition of "bi-monthly" payroll | 2/23/2009 |
Q: Does being paid on the 15th and 30th of each month constitute bimonthly? If so, what would be the ...
A: bimonthly which is also called semi monthly is being paid twice a month or 24 times a year. The ...
|
| changing payroll frequency | 2/22/2009 |
Q: We have paid employees on a bi-weekly basis. Due to cash flow we will be changing the method to ...
A: You need to give at least 30 days notice before changing a pay period. I know many companies have ...
|
| LLC Owner's Draw (Medical Office) & 401(k) | 2/20/2009 |
Q: I am unfamiliar with the term 'Owner's Draw'. Small LLC - the owner took zero salary and Owner's ...
A: The 401K has not been exceeded. The limit for 2008 was 16,500 plus a 5,500 catchup amount allowed ...
|
| Quickbooks / Proper Tax Line Assignment for Payroll Items | 2/19/2009 |
Q: I use QB2006 WITHOUT the payroll module; I do my payroll manually. I need to know what the correct ...
A: I do not use Quick Books, I have a different payroll system called Sage Software. I would set mine ...
|
| Back Payroll Taxes | 2/12/2009 |
Q: I just recently started working for a company that had a prior secretary who did not keep payroll ...
A: You can pay the taxes throught the EFTPS system for prior years. You would also have to file all the ...
|
| Check Stubs... | 2/11/2009 |
Q: My boss doesn't give me a check stub, I have asked through out the year and still don't get on. Does ...
A: The Texas Minimum Wage Act (Sec. 62.003) requires employers to provide an earnings statement to ...
|
| overtime tax | 2/7/2009 |
Q: I make 12.9 hour how much ot a week can I work without being hurt by the ot tax?
A: I am not understanding your question. When you work overtime tax is taken out in the appropriate ...
|
| 26 to 24 wk pay period conversion | 2/7/2009 |
Q: My father's business is considering changing from 26 to 24 pay periods. He has both salaried and ...
A: The 24 pay periods is a nightmare for payroll for the hourly employees. The hourly employees must be ...
|
| tax withholdings | 2/5/2009 |
Q: I was wondering if my former employer has created an illegal act. I had specified on my W-2 what ...
A: It would not be fraud unless it was done intentionally. It would be a mistake on the part of the ...
|
| healthcare spending accounts | 2/4/2009 |
Q: I am having pretax money held from my paycheck for my healthcare spending account. I found out today ...
A: Yes, your money needs to go into your account and it is supposed to go there 5 days after you pay it ...
|
| w-2 from post office job | 1/29/2009 |
Q: My wife(lois)worked for the U.S.P.S until March 3rd of 2008.The federal government pay periods are ...
A: The earnings are taxable when they are actually paid and not when they are earned. They are 2008 ...
|
| early retirement before age 59 1/2 | 1/27/2009 |
Q: My husbands' company is offering an early retirement in which he would receive a year in salary. He ...
A: You are correct, early withdrawal penalty, state and federal tax on the funds withdrawn from the ...
|
| PENSION AMOUNT | 1/26/2009 |
Q: IS THERE A PENSION GUIDE/CHART THAT SHOWS HOW MUCH PENSION ONE WOULD HAVE IN AN ACCOUNT IF A MONTHLY ...
A: There are calculators for pension. Most of them are on the sites of the specific pension plans. ...
|
| pension lump sum | 1/21/2009 |
Q: My husband was recently laid off. He has a pention fund through PBGC. We received a letter ...
A: It would depend on the company, I am guessing that he would not be eligible for the payout if he ...
|
| Payroll Cycle changes | 1/19/2009 |
Q: At my office we are currently paid from Thursday to Wednesday (biweekly). Problem is Wednesday is ...
A: What you need to do is let all the employees know 30 days in advance that payroll is changing. ...
|
| 2009 cost of living raise | 1/19/2009 |
Q: Has the Social Security Department listed the cost of living raise for 2009. I was informed that ...
A: Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from ...
|
| payroll accounting | 1/16/2009 |
Q: Three part question. As an employer: 1. Can I pay the entire cost of health insurance for my ...
A: You can pay the whole cost of insurance for your employees. It is called a Fringe Benefit to them. ...
|
| 26 vs. 24 Pay Periods | 1/16/2009 |
Q: This is an offshoot of ...
A: What I said was that if you earn 50,000 a year than you should be paid that 50,000 a year. It should ...
|
| 401K Loans | 1/15/2009 |
Q: I currently have a loan from my Fidelity 401K plan.I used it to buy my first home.The term giving to ...
A: You could contact your 401K representative or HR whomever you talked to getting the loan approved ...
|
| Payroll | 1/13/2009 |
Q: One of my clients is a non-profit agency. The director receives a salary. The payroll is completed ...
A: You can set up an account for Deferred Earnings as long as the employee is at a Director level. The ...
|
| pay dates changed | 1/13/2009 |
Q: I am hoping that your response can settle what seems to be a hopeless disagreement regarding what I ...
A: Anytime a change is made to the salary it can throw things off. It depends on the amounts of the ...
|
| Overpayment/Employee reimbursement | 1/12/2009 |
Q: I have an employee that received a paycheck in error. She promptly cashed it before the error was ...
A: If you entered it as income in 2008 and it is repaid in 2009 than you would have to correct the 2008 ...
|
| Payroll | 1/8/2009 |
Q: If I am working for 3 different companies that are owned by the same family, is there a minimum that ...
A: That is okay if you receive a salary spit between two companies. One should pay you the salary and ...
|
| Pay for 'Extra Days' | 1/7/2009 |
Q: In a salaried position, say at a yearly rate of $52,000, is an employee entitled to 'extra work ...
A: Salaried employees are calculated on an annual salary doesn't matter if there are extra days in the ...
|
| Payroll W-2 | 1/6/2009 |
Q: Our company paid for an airline ticket for personal use for an employee. I need to have this amount ...
A: If you do not collect the taxes from his payroll check than they are not reflected on the W-2. The ...
|
| 401k non-payment | 1/6/2009 |
Q: Our company has hit some tough times like many small business. I did check today and found that our ...
A: 401K is Federal it is governed by the Department of Labor ERISA department. You would contact the ...
|
| Payroll - W-2 | 1/6/2009 |
Q: Mike Wellman, Our company paid for an airline ticket for personal use for an employee. I need to ...
A: Robin I will try to help. The Airline Ticket is a taxable benefit. You would code it as payment ...
|
| Pay period conversion | 1/5/2009 |
Q: I've seen lots of questions about how to switch from bi-monthly to bi-weekly pay periods, but no ...
A: Bi-weekly or 26 pay periods a year is the easiest way to do an hourly payroll. Cut off one friday ...
|
| payroll deductions | 1/2/2009 |
Q: I am switching payroll service from Paychex to doing it myself in QB. Our company offers dental ...
A: Section 125 is the law that covers Cafeteria Plans. The company needs to set up a cafeteria plan ...
|
| 401K deduction from my payroll | 1/2/2009 |
Q: I recently went to work for a firm in Ohio and received a lot of literature concerning their 401K ...
A: If the program is voluntary it means you have a choice whether or not you wish to sign up for the ...
|
| 401B | 12/31/2008 |
Q: My husband works for a non-profit in Ohio. They used to have a Management Retirement PLan (401B) ...
A: They are simply wanting to know if you terminate employment do you want the amount paid out in a ...
|
| PTO and holiday hours | 12/29/2008 |
Q: Our office was closed for a half day on Christmas Eve and ab employee called in sick. do I pay her ...
A: Did you pay the other employees for the 1/2 day? If so than pay her 4 hours holiday and 4 hours PTO. ...
|
| deferred compensation | 12/28/2008 |
Q: We have a client who is going to be paid a deferred comp plan of $100,000 per year for the next 10 ...
A: If he is paid over 10 years than it should be taxed over 10 years. You cannot take out all the taxes ...
|
| Benefit Payment for Leave of Absence Employee | 12/20/2008 |
Q: Shirley, What's the payroll tax treatment for benefit payment made by employee on leave of absence? ...
A: If they leave the company and do not pay it back than you can take them to small claims court to ...
|
| changing from 26 to 24 pay periods (salaried employees) | 12/18/2008 |
Q: Our company just notified us that they are changing from 26 to 24 pay periods per year starting ...
A: The paycheck paid for 12-20th the 26th paycheck of the year completed your annual salary. That means ...
|
| Benefit Payment for Leave of Absence Employee | 12/16/2008 |
Q: Shirley, What's the payroll tax treatment for benefit payment made by employee on leave of absence? ...
A: When the employee returns set up a payment plan for the owed benefits. You need to set up a ...
|
| Alcohol treatment for employee | 12/13/2008 |
Q: I have a small law firm. One of our attorney employees entered an substance abuse treatment program ...
A: It would make a difference. You could pay the treatment as an accommodation of the ADA (American ...
|
| one question | 12/13/2008 |
Q: when they talk about accounting system and financial system, what they refer to? thanks
A: Accounting and financial systems could be referring to the way the company accounts for it's cash. ...
|
| Withholding State Taxes | 12/12/2008 |
Q: Construction Company, Located in Minnesota. Does Work in North Dakota, Minnesota and surrounding ...
A: The withholding is for the state where the work is performed. There are some Reciprocal agreements ...
|
| CPA Certification required | 12/10/2008 |
Q: I am currently in school and have tooken a couple of accounting classes, but still have a long way ...
A: No a CPA certification is not required to prepare taxes. You would need to be certified to prepare ...
|
| life insurance | 12/9/2008 |
Q: What portion of life insurance is taxable to the employee? ANSWER: In the US it is anything over ...
A: It is different for different types of life insurance. For Group-Term life insurance which is the ...
|
| Tipping Tip-outs | 12/2/2008 |
Q: I am from Michigan. I work for a restaurant and they force the servers to tip-out the bartenders, ...
A: You only need to tip out those that are actually involved in serving the customers. Here are the ...
|
| Is it legal for your job to not give check stubs | 12/2/2008 |
Q: My company was brought by another company station in Ohio. They are told us we had to do direct ...
A: It is legal to send the stubs over the computer but each employee must have access to a computer. ...
|
| Payroll taxes in 2 States | 11/18/2008 |
Q: I am starting to do the payroll for a Florida based LLC. There are currently 6 employees, 2 ...
A: You will have to pay both Florida and Alabama income taxes. The hours worked in Florida will be ...
|
| 401K, withdrawing | 11/14/2008 |
Q: I have a 401K through work, I am fully vested and I have been told you can start drawing from it ...
A: It depends on how your plan is written, contact your 401K administrator. The government rules are ...
|
| Switch to 24 pay periods from 26 | 11/12/2008 |
Q: I work for a non profit. In an effort to ease our cash flow, we are contemplating switching from 26 ...
A: Since you are already holding a few days back this will not be complicated for you. You say your ...
|
| 401k deductions | 11/11/2008 |
Q: My employer has failed on numerous occasions to deposit my 401k deduction into my account. They ...
A: Sometimes mistakes happen. This is natural. It should not happen all the time. With Calculated ...
|
| Common Paymaster agreement | 11/10/2008 |
Q: I understand the rules and forms necessary to apply with the state in order to become a common ...
A: Common paymaster is something which would be covered under state law and also the taxation under the ...
|
| 401k loan non-payment by org/emp | 11/7/2008 |
Q: I had 2 separate laons to my 401k in 2005. Last month, my controller mentioned that no payments ...
A: The company should work with you on this, however, it is the responsibility of the employee to make ...
|
| Salaried Exempt Emp | 11/6/2008 |
Q: Can a salaried exempt emp call in on a day (Mon), work 35 hrs for the remainder of that week, chose ...
A: Exempt employees need to be paid for all time worked in a week. If they are gone for a whole day for ...
|
| Payroll | 10/31/2008 |
Q: Our payroll cut off dates are 10th & 25th of each month and get paid on the 15th and 31st, my boss ...
A: When figuring overtime you do not go by the pay periods. You must go a week at a time. Overtime is ...
|
| Payroll taxes and pensions | 10/29/2008 |
Q: my question is we are a company of 3 people and I we never had benefits calculated from our payroll. ...
A: It depends on what type of pension plan you have. If your pension plan is under the 401(K) or the ...
|
| 1099/W2 | 10/29/2008 |
Q: Is it legal for an past employer to W2 you for a specific year then turn around and 1099 you for the ...
A: If the W-2 was for wages earned and the 1099 was for the civil suit than it is correct. Even if ...
|
| Elgibility for Widow's pension | 10/28/2008 |
Q: My husbank of 22 years is deceased in 2003. His name was Frank Hopkins, his plan # is ...
A: I do not know why Social Security would send you to me, I would normally send you to them to answer ...
|
| Annual Salary | 10/23/2008 |
Q: My company (in South Carolina) pays us bi-weekly, 26 times a year. They have changed the amount they ...
A: This is not right unless there are 27 paydays in the year. This is not a year when there are 27 ...
|
| Pay owner as employee or as a draw | 10/20/2008 |
Q: I joined an existing owner in a cafe startup. The business is registered under an existing company ...
A: Until you form a partnership you are not listed as a co owner and not eligible for a draw against ...
|
| work over 40 with PTO, no overtime paid? | 10/16/2008 |
Q: Unlike some men I know. We work for a company based in CT/Germany, but contract to and work for a ...
A: This is how it works. Non Exempt employees are paid overtime under the FLSA Act for all hours worked ...
|
| Accurred sick time | 10/3/2008 |
Q: I was recently terminated from my job of 7 years for allegations made by my neice's husband. The ...
A: They only have to pay you for the time if the following is true: They have promised to pay it upon ...
|
| Payroll- Bi-monthly | 10/2/2008 |
Q: My husband was just switched to a Bi-Monthly payroll, being piad on the 1st and the 15th. the ...
A: They should not miss out on any time during the year. They would just be paid more each pay period. ...
|
| Profit/Income draw by Partners | 10/2/2008 |
Q: Shirley, Hi. First thank you for making you time and talents available to me a perfect stranger. ...
A: You should have an owner's draw account. This account SHOULD be negative as a result of writing a ...
|
| CA, Paydays | 9/28/2008 |
Q: My employer has paydays on the 1st and the 15th of each month. I works in the field as a technician ...
A: First of all the employer does not have to pay you to go pick up your check. You do have some other ...
|
| FSA - Discriminatory Testing | 9/26/2008 |
Q: Do you know where can I find a worksheet or instructions to perform the 2 kinds of discriminatory ...
A: I have the instructions for the discrimination testing. I am not sure how much you need and how to ...
|
| Accounting for signing on bonuses | 9/17/2008 |
Q: Our company pay sign on bonuses with conditions that if you leave before say lapse of xyears, you ...
A: At the time the bonus is paid it is considered wages. It is expensed at that time, the whole bonus. ...
|
| payroll | 9/11/2008 |
Q: my name is brian, and i got a question for you. my company pays us on the 1st and the 15th of each ...
A: The company needs to give a notice to the employees before any work is done under the new changes. ...
|
| payroll cut off days | 9/11/2008 |
Q: my name is Brian and i got a question for you. i work for an air forwarding company and we get payed ...
A: Brian, The company should have regular paydays and regular cut off periods. It is only allowed to ...
|
| Help with $ | 9/8/2008 |
Q: Hey Shirley, greetings from a fellow AllExperts expert! Had a quick question I was hoping you might ...
A: Just to start out with you could hire a Full Charge Bookkeeper to do those things. If you have ...
|
| payroll change from nonexempt to exempt | 9/4/2008 |
Q: I recently changed from an hourly non exempt position to a new dept, new job desc that is a salaried ...
A: Welcome to the salaried exempt world. Sometimes we work 50 hours a week and we are not paid ...
|
| salaries | 9/4/2008 |
Q: sorry if its homework question. I'm new in HR and doing payroll my husband just opened a store so ...
A: The 195 comes from this formula: 52 weeks in a year X 45 hours in a week is equal to 2340 in a year ...
|
| Exempt employee time tracking | 9/3/2008 |
Q: Our school (which operates under a court)with exempt employees (teachers) has just gone to a 4 tens ...
A: We had much debate over this in management in the early years of our company. We had a CPA firm come ...
|
| Exempt employee time tracking | 9/3/2008 |
Q: Our school (which operates under a court)with exempt employees (teachers) has just gone to a 4 tens ...
A: This is how it is at our company also. The reason is that everyone is guaranteed 6 holidays a year. ...
|
| e-mail as timecard? | 9/3/2008 |
Q: Can employers use e-mail as a timecard? I work at a new company that doesn't have a timecardsystem ...
A: The computer is set to round time. If you checked in on our computer system at 7:12 it would round ...
|
| payroll | 8/29/2008 |
Q: my father owns a network service company and until just last week he started doing payroll and added ...
A: You will have to file taxes on New York for your total income and taxes in New Jersey for the work ...
|
| payroll | 8/26/2008 |
Q: If an employee's gross pay was $391.00 for a 44 hour work week and 4 of these hours were overtime, ...
A: If it is all regular time than you can divide the 391 by 44. Since there are 4 hours overtime you ...
|
| Calculating an Exempt Employee's Hourly Rate | 8/22/2008 |
Q: My employer insists on using a 2088 hour year. Additionally, when we terminate an exempt person ...
A: It is a 2.33 per day variance not per hour! If it is significant than the battle is one you wish to ...
|
| Calculating an Exempt Employee's Hourly Rate | 8/22/2008 |
Q: My employer insists on using a 2088 hour year. Additionally, when we terminate an exempt person ...
A: The payperiod wages have to come from somewhere. So the pay period amount is probably based on the ...
|
| Calculating an Exempt Employee's Hourly Rate | 8/22/2008 |
Q: My employer insists on using a 2088 hour year. Additionally, when we terminate an exempt person ...
A: The 2080 comes from 40 hours a week x 52 weeks in a year is equal to 2080 and not 2088. So 40,000 a ...
|
| Medical Insurance Deductions | 8/18/2008 |
Q: I have an LLC with 2 other gentlemen. I am also employed part time but am not eligible for medical ...
A: It does not have to be a specific kind of insurance policy as long as it is for insurance and money ...
|
| banked vacation weeks | 8/10/2008 |
Q: in the 1980's i banked 1 vacation week each year at ohio bell telephone company and was supposed to ...
A: Do you have any emails or letters saying that you have banked the vacation time? I know I send my ...
|
| Payroll between companies | 8/7/2008 |
Q: I am going to be serving as the controller for two small companies that are financed through husband ...
A: Those would be correct Journel entries. The invoice would be audit support. It is not income if it ...
|
| Payroll between companies | 8/7/2008 |
Q: I am going to be serving as the controller for two small companies that are financed through husband ...
A: What you would be doing is legal. You would be working as a concurrent employee for the two ...
|
| profit sharing 401k | 8/6/2008 |
Q: My employer for 2007 had a safe harbor for our profit sharing 401k plan. it is now Aug. 6 and they ...
A: The safe harbor for small business plans is only for 7 days unless they are under the Katrina ...
|
| automatic deposit | 8/2/2008 |
Q: How do I sign up for automatic deposit?
A: Robert, If your company offer's direct deposit you can obtain a form to sign up for direct deposit ...
|
| Witholding medical insurance payments | 7/25/2008 |
Q: My employees recently started receiving medical and dental benefits, and have to pay for their ...
A: I am not that familiar with Quick Books as I use Oracle. I have in my system the insurance withheld ...
|
| Payroll for company officer | 7/25/2008 |
Q: I work for a small S-Corp. The company has three partners, but two of these partners are paid by ...
A: I have seen this both ways. Sometimes the corporate officers are paid by draws from the company ...
|
| Salary and Hourly at the same time | 7/24/2008 |
Q: I am a part-time paralegal for a midsize law firm. I am a w-2 employee, 100% billable,only work when ...
A: Leslie, You will be working two different positions for the same company. They would need to ...
|
| Payroll | 7/23/2008 |
Q: My boss told the staff today, 9 days before payday, that he is changing payroll weeks and we would ...
A: Trish, As a courtesy I give my employees 30 days notice of any changes in payroll procedures. ...
|
| sign on bonus out of payroll or accounts payable? | 7/17/2008 |
Q: Our company pays a sign on bonus to new employees. They typically receive the bonus about 6 months ...
A: Moving expenses are fine to come out of Accounts Payable with receipts. If the company actually pays ...
|
| sign on bonus out of payroll or accounts payable? | 7/17/2008 |
Q: Our company pays a sign on bonus to new employees. They typically receive the bonus about 6 months ...
A: Patrick, They are not paid as employees until six months after they are hired by your company. ...
|
| 1099 status | 7/16/2008 |
Q: I have been working from home for a company for a few years now. I have been filig as a 1099; ...
A: What type of settlement you get if you are found to be an employee instead of an independent ...
|
| 1099 status | 7/15/2008 |
Q: I have been working from home for a company for a few years now. I have been filig as a 1099; ...
A: The IRS has established a 20-point checklist the can be used as a guideline in determining whether ...
|
| Summer Internship for High School Student | 7/8/2008 |
Q: I read with interest your response to the question titled "1099-Misc for internship." I own a small ...
A: From what I have read on the subject it appears that unless you are a University or Hospital or non ...
|
| Summer Internship for High School Student | 7/8/2008 |
Q: I read with interest your response to the question titled "1099-Misc for internship." I own a small ...
A: http://www.cawee.org/Legal/DOL_FLSA.pdf This website has the rules. If your student meets the ...
|
| gift | 7/7/2008 |
Q: can an employer gift to an employee?
A: An employer can gift for a safety award or longevity award under an approved program and certain ...
|
| payroll and termination | 7/3/2008 |
Q: I have an employee that was terminated for showing up to work drunk. This happened on a Thursday and ...
A: It is six days in Texas not 3 days. Here is a copy of the law: § 61.014. PAYMENT AFTER ...
|
| Cost of living raises | 6/27/2008 |
Q: My company is telling us that our 3% raises this year is only a merit raise. They are not giving a ...
A: There is no law that says the company must ever give you a raise at all unless minimum wages go up. ...
|
| changing payroll frequency | 6/23/2008 |
Q: We are a small IT consulting shop, historically we have paid employees on a bi-weekly basis. This ...
A: It doesn't matter which schedule it is paid on as long as it is paid to the employee. What you do ...
|
| Legal hourly pay calculation | 6/15/2008 |
Q: Shirley, I live an work in IL and accepted a non-exempt salaried position based on the monthly ...
A: There are 52 weeks in a year...and 40 hours in a week. So you have to take 52 x 40= 2080 working ...
|
| bi-monthly payroll | 6/9/2008 |
Q: how do you figure overtime when payroll is done bi-monthly
A: To be honest with you I have never heard of a bi-monthly payroll. I don't know which state you are ...
|
| Institution payroll change from once a month to bi monthly paychecks | 5/21/2008 |
Q: I work for and Institution that is switching once a month paychecks to bi monthly paychecks. We ...
A: There are a couple of ways that this can be done. Employees can be allowed to use vacation or PTO ...
|
| payroll check funds avalability | 5/20/2008 |
Q: If a payroll check, not direct deposit, is deposited into your personnel account, by you, when are ...
A: Direct deposit is immediately available. If you deposit a payroll check it may not be available for ...
|
| Closing a 401K | 5/19/2008 |
Q: I quit my job (in Louisiana) in May 2008 after 7 years of employment and opted to cash out my 401K. ...
A: We pay out our 401K to terminating employees within 30 days of termination if the proper paperwork ...
|
| cost of living raise | 5/19/2008 |
Q: could you please tell me what the cost of living raise for 07/08 is ? (approx.}
A: The last cost of living increase was listed in January by the Social Security Department at 3.5%. ...
|
| 401K loan in default | 5/6/2008 |
Q: My ex wife obtained a loan through her retirement plan at work; I seem to think it was a 403B plan. ...
A: If the loan is in default she will receive a 1099 at the end of the year for the amount of the ...
|
| Expenses | 4/30/2008 |
Q: I am a manager at a resturaunt and catering company. I get paid back for gas expenses that I have to ...
A: Gas Expense reimbursement should not be counted as wages. The gas expenses should be paid through ...
|
| Profit Sharing | 4/28/2008 |
Q: My company has a profit sharing plan for its employees. I am planning on leaving the company in the ...
A: If you take money from a retirement profit sharing plan before you are 59 1/2 you will pay taxes ...
|
| accounting | 4/28/2008 |
Q: I'm trying to figure out how to show the transfer of funds in my receits and disbursement reports. ...
A: It is a credit to the account it is transferring from and a debit to the account it is tranferring ...
|
| Salary; hourly | 4/24/2008 |
Q: Here I am again. Can you pay a salary to an hourly employee as long as they are coded non exempt? We ...
A: You can pay a salary to a not exempt hourly employee. The only thing you have to watch for is if ...
|
| Reducing working hours | 4/24/2008 |
Q: For some reason I am completely confused as to work out how to do the following... We have a member ...
A: I am assuming that you are in the UK. When a worker in UK works irregular hours the annual leave is ...
|
| Payroll | 4/24/2008 |
Q: What is the absolute latest you can pay employee's past pay date? If the pay date is the 15th, how ...
A: Is this for a termination or a currently employed employee? I need more information before I can ...
|
| 401K | 4/20/2008 |
Q: Im 50 years old collecting SSI. I started a 401K plan in 1982-1989 at Bud Schmidt Buick Inc. company ...
A: First you need to start with the business where you started the 401K. They should have sent out ...
|
| Employee Referral | 4/7/2008 |
Q: Iam paying an employee a referral bonus of $600. Is this considered taxable as a bonus or can it be ...
A: Bonus checks are generally taxed at the supplementary tax rate. Basically what it says if you ...
|
| no federal taxes were taken out!!!! | 3/31/2008 |
Q: My employer never too out federal taxes from my wages. I graduated high school in 2007 and then ...
A: First of all 1700.00 seems a lot to pay if you were working fast food. How much did you make in ...
|
| Time Card Changes | 3/27/2008 |
Q: I work in an office (we are a City/County Municipality) in which 6 of us *hit the clock* and the ...
A: The company has a right to set your hours. They can tell you which hours you are to work. If you ...
|
| hsa accounts | 3/25/2008 |
Q: I work for a small company. 3 of us (out of 6) have opted for the HSA insurance option with BCBS. My ...
A: An HSA is a tax-exempt trust or custodial account used exclusively to pay qualified medical expenses ...
|
| 401(k) loan | 3/25/2008 |
Q: I borrowed $30,000 from my 401(k) in 2004 to purchase a home. Received 1099 for $31,003.01 in 2005 ...
A: Penalties are never recoverable. If you defaulted and paid taxes on the amount that would mean ...
|
| Hourly pay reduced | 3/25/2008 |
Q: Two and a half years ago I was on medical leave for 3 weeks due to rotator cuff surgery. When I ...
A: I guess I have to ask why are you just now asking if it happened 2 1/2 years ago. Did they reduce ...
|
| Owner Pay | 3/20/2008 |
Q: I recently started a partnership in a existing small business. I use MicrosSoft Accounting as my ...
A: Okay, I am not familiar with your software and I am not an expert on the type of corporation that ...
|
| Payback of retention bonuses earned in previous year | 3/19/2008 |
Q: I have to pay back the gross amt of a retention bonus since I am leaving my company. I received ...
A: It will be on the W-2c. If your employer decides to request the refund of Fica and Medicare for ...
|
| Payback of retention bonuses earned in previous year | 3/19/2008 |
Q: I have to pay back the gross amt of a retention bonus since I am leaving my company. I received ...
A: If you are to pay back the Gross amount than you will definately have to receive a W-2C from the ...
|
| 1099-Misc for internship | 3/18/2008 |
Q: I have worked as a law clerk at a law firm for nearly a year. I began my internship as a law clerk ...
A: You will pay the same amount of federal and state taxes because that is based on your income so it ...
|
| FICA & Federal W/H | 3/14/2008 |
Q: I have started doing the books for a one-man company that has done nothing regarding payroll; except ...
A: The difficulty is that while you know that Fica is 6.2% of the gross and Medicare is 1.45% of the ...
|
| Unemployment reporting | 3/12/2008 |
Q: Shirley, I live in TX where we don't have state taxes. I didn't have any regular wages with my ...
A: The employer will not send you a W-2 for your unemployment amount as that is handled by the Texas ...
|
| Payroll | 3/12/2008 |
Q: Business has been pretty slow and we haven't been able to draw pay, how do I do payroll so taxes are ...
A: Again the Futa and Suta tax have to match the wages for the quarter. The state Suta directly must ...
|
| Pay Scales | 3/12/2008 |
Q: In business do payscales ever overlap? Or should they? Should a person potentially make more an hour ...
A: That would be a team leader position. Some companies have them, ours does. The Team Leader is a step ...
|
| Payroll | 3/12/2008 |
Q: Business has been pretty slow and we haven't been able to draw pay, how do I do payroll so taxes are ...
A: Are you a sole proprietor or the member of a partnership? This is difficult to answer without ...
|
| FICA & Federal W/H | 3/12/2008 |
Q: I have started doing the books for a one-man company that has done nothing regarding payroll; except ...
A: You cannot figure the Fica and Medicare on the net amount. You have federal and state income taxes ...
|
| Pay Scales | 3/12/2008 |
Q: In business do payscales ever overlap? Or should they? Should a person potentially make more an hour ...
A: I think that may happen in a dream world. In the real world that is not going to happen. If you pay ...
|
| Pay Scales | 3/11/2008 |
Q: In business do payscales ever overlap? Or should they? Should a person potentially make more an hour ...
A: Generally supervisory and Managerial positions pay higher wages. They pay higher because they have ...
|
| payroll separation of base pay & commissions | 3/10/2008 |
Q: just this month, my company rolled out a new payroll procedure, sending out 2 checks - 1 for base ...
A: If it is a "Sales Incentive" than it is a bonus check and if it is paid separately taxed at the ...
|
| under the table taxes | 3/7/2008 |
Q: I was paid 1850 in "under the table" wages last year by my employer (who also paid me over 16000 in ...
A: If you wish to claim this amount on your income taxes you can put it on the 1040 form on the spot ...
|
| Budget lines | 3/7/2008 |
Q: I am helping my sister with her budget in Quickbooks. We used last years info to create this years ...
A: If you want it added to the Cost of Goods than you put it in COGS, if you want it in Expenses than ...
|
| Manager bonus | 3/6/2008 |
Q: I am a store manager in Tennessee. The corporation I work for has 5 additional stores. Each quarter, ...
A: This is done correctly as it is based on the profits for your individual store. I am sure that the ...
|
| bonus checks | 3/4/2008 |
Q: Our employees earn monthly incentive bonus. They wanted to save them up to get a yearly bonus ...
A: They cannot save up a bonus, when the bonus is earned the taxes must be paid and the amount must be ...
|
| Paying employees when business must be closed | 3/3/2008 |
Q: If we need to close the doctors office for a few days due to construction (an addition to the ...
A: No you do not. They will be on a 3 day layoff. They can use vacation time if they wish, but you are ...
|
| ref. Accounting help desprate | 2/28/2008 |
Q: I am student in uk and i need with cash flow balance. I have got exam on monday morning but can seem ...
A: I will need the details of the questions on the exam paper. I am a Human Resources Director, but I ...
|
| record retention | 2/25/2008 |
Q: How long does my company need to retain 401k contribution records? (Is it 10 years like payroll ...
A: Erisa says 6 years, however, some records need to be kept for 8 years. The 10 year period is what ...
|
| paying back bonus, taxes? | 2/20/2008 |
Q: Shirley. I have to pay back my signing bonus because I left the company I was working for after ...
A: They took the 5,000 signing bonus = 5,000.00 Gross Bonus Subtracted the 2065.56 from final ...
|
| deduction information | 2/19/2008 |
Q: I was wondering if there is a site for payroll deductions, e.g. SS, FICA, Medicare which are ...
A: Anna, There are several calculators on the internet. The one I use the most is at the following ...
|
| paycheck | 2/14/2008 |
Q: I work for a small company and the payroll is done inhouse. We get a weekly paycheck,actual check. ...
A: Happy Valentines Day to you also..I hope it is a good one. New York does not require the company ...
|
| 1099 vs. w-2 | 2/14/2008 |
Q: My boss is now considering giving me and my employees a 1099 for the first time ever! We have ...
A: Here is the information for the Department of Labor in the state of Georgia. ...
|
| paying back bonus, taxes? | 2/13/2008 |
Q: Shirley. I have to pay back my signing bonus because I left the company I was working for after ...
A: First of all they should not have withheld the total amount of your final paycheck as it is not ...
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| 401k for sole prop or LLC | 2/13/2008 |
Q: I work for an employee leasing company (PEO) and we offer 401k. Often the owner of a small business ...
A: Sole Proprietors of an LLC cannot be an employee unless the company has opted to be taxed as a ...
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| 1099 vs. w-2 | 2/13/2008 |
Q: My boss is now considering giving me and my employees a 1099 for the first time ever! We have ...
A: According to what you are telling me you should have still been classified as an employee and taxes ...
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| 1099 vs. w-2 | 2/12/2008 |
Q: My boss is now considering giving me and my employees a 1099 for the first time ever! We have ...
A: #1 it is illegal to not receive a checkstub for your work listing your wages and deductions. It is ...
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| Payroll Laws | 2/9/2008 |
Q: Where I work we get paid bimonthly. We get 80 hr paychecks, and our overtime is paid Cash, regular ...
A: Irving. The FLSA says that if you are a non exempt(Hourly) employee that any time worked over 40 is ...
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| tax return | 2/8/2008 |
Q: I have a brother he is 50 years old and lives out of country i support him financially. can i claim ...
A: To claim a dependency exemption for a qualifying child or a qualifying relative, the citizen, ...
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| payroll issue | 2/1/2008 |
Q: Can an employer insist or demand that an employee use direct deposit only? Can they basically refuse ...
A: Mandatory direct deposit is allowed in some states and in some states it must be agreed to by the ...
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| Working as a contractor | 1/25/2008 |
Q: I am receiving SS and am over 65. I know I can make up to a certain amount of money without being ...
A: You can start your own Sole Proprietorship bookkeeping business and contract out to employers as a ...
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