Payroll Services Archives - Denise Cataldo, CPA - a metrowest business accounting firm specializing in QuickBooks & Tax Prep advice serving Sudbury, Westboro, Southboro, Wayland and more

Massachusetts Minimum Wage for 2015

Minimum wages in Massachusetts will increase from $8.00 per hour to $9.00 per hour effective January 1, 2015. In addition the service rate is also increasing from the current $2 per hour to $3 per hour starting January 1, 2015. The law also increases the minimum wage for agricultural employees in Massachusetts to $8 per […]

Read More

Change In Responsible Party

Here is an article recently published in The Tax Advisor about a new IRS form that needs to be completed when there is a change in the personal who is considered the “responsible party”. The definition of which is below. Change in “Responsible Party” Must Be Reported to the IRS by Debera Salam, Houston, and […]

Read More

Similarities between your CPA and your golf caddy

Similarities between your CPA and your golf caddy:  1.  Trust is important in both relationships  2.  Both provide advice but the final decision is always yours  3.  Both should understand your strengths and weaknesses  4.  They need to understand the rules under which you operate your business  5.  Your success contributes to their success  6.  […]

Read More

NEW TAX INFO FOR 2013

    NEW TAX INFO FOR 2013     Social Security News – Social Security Administration announced that recipients will receive an increase of 1.7% in 2013. Some recipient’s increase may be partially or completely offset by increases to their Medicare premiums. Another change that will be effective January 2013 is the amount of taxable earnings subject […]

Read More

Common Payroll and Employment Issues/Questions

Common Payroll and Employment Issues/Questions   Many businesses don’t have their own human resource department.  I know I don’t.  Owners are not always aware of all the different rules that accompany having employees and preparing payroll.  Hiring an outside service to prepare the company payroll and handle the appropriate tax filings is a step in […]

Read More

Business Identity Theft

                                    Business Identity Theft   Recently, a bookkeeper was updating the company checking account in QuickBooks and found several checks totaling close to $12,000.  All the checks were made out for amounts in excess of $2000 each and cashed against the company checking account.  The problem was no one in the company issued these […]

Read More

What Are Your Business Goals For 2012?

      “If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires your hopes”   – Andrew Carnegie (The richest man in America during the early 1990s)     It seems appropriate to be talking about goals with the beginning of a new year and the Super Bowl around corner.  […]

Read More

Where Does Bookkeeping Rank on Your Priority List?

Every business owner knows that there are only so many hours in a day and there never seems to be enough hours to get everything done. Making money by providing services or selling a product is always the number one priority. Prioritizing other aspects of running a business is not so clear. My 20 plus […]

Read More