| Subject | Date Asked |
|
| 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 ...
|
| 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 ...
|
| 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 ...
|
| 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 ...
|
| 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 ...
|
| 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, ...
|
| 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 ...
|
| 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 ...
|
