Blog Archives

Labor Law Posters

By law, all businesses in the United States must display the most current federal and state labor law postings. Posters must be displayed at all company locations in areas accessible to all employees and applicants. Laws change all the time; approximately 80 mandatory state changes occur each year.

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Posted in Tax Articles, Tips & Tricks

Avoid E-Mail and Text Scams

It’s hard enough to be a small business these days without dealing with internet and smart phone scammers and hackers. In my business email inbox I have received emails purported to be from EFTPS (Your payment has not been accepted), AT&T (Your statement is ready, usually showing an alarming amount due), Better Business Bureau (Complaint), and almost every bank.

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Posted in Tips & Tricks

Additional Texas Sales and Use Tax Changes

On June 10, 2011, the Texas House passed with amendments S1, the Senate omnibus fiscal matters bill, which contains myriad tax provisions. The proposed legislation provides that a taxpayer who in August 2013 is required to pay sale and use taxes on or before the 20th day of that month, who pays the taxes by electronic funds transfer, and who does not prepay as provided by state law, must remit an additional tax prepayment of 25% of the amount the taxpayer is otherwise required to remit during August 2013. The taxpayer can then take a credit in the amount of the additional payment against the next payment due.

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Posted in Tax Articles

President Expected to Sign Bill Repealing Expanded 1099 Requirements

On April 5, the Senate approved H.R. 4 by a vote of 87-12.  The new law will effectively revert reporting  to the requirements in place before enactment of PPACA and the Small Business Jobs Act of 2010. H.R. 4, the

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Posted in Tax Articles

Paper Tax Deposit Coupons – Going, Going, Gone

If you make payroll tax deposits for your small business at your bank using paper coupons you need to know that you will no longer be able to do so after December 31, 2010. Internal Revenue Service regulation (REG 153340-09) generally maintains existing rules for depositing federal taxes through the Electronic Federal Tax Payment System (EFTPS). The paper coupon system will no longer be maintained by the Treasury Department after Dec. 31, 2010.

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Posted in Tax Articles, Tips & Tricks