Employee or 1099 – Be Careful!
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Since the dawn of employee payroll tax withholdings and the requirement that employers match Social Security and Medicare taxes, there has been an on going struggle between employers and the IRS…
Read More Tip Tax Credit for Restaurants
A special income tax credit exists for “food and restaurant establishments”, which is commonly referred to as a “tip tax credit.” IRC Section 45B stipulates that FICA/Medicare taxes paid by restaurants/bars on…
Read More Avoid April 15th Tax Surprises!
“I always get a tax refund but I prepared my taxes last night and I actually owe $1,200 to the IRS. Something is wrong! Were my withholdings messed up last year?”…
Read More Indiana Unemployment Tax – Important
INDIANA UNEMPLOYMENT TAX – IMPORTANT!! The Indiana Department of Workforce Development is now mailing out 2014 “Merit Rate Notices” to all applicable Indiana employers. You and AccuPay need to take…
Read More More FUTA Tax for 2013
MORE FUTA TAX FOR 2013 Indiana is one of 19 states which owes the Federal government money for loans to pay state unemployment benefits. All of these “credit reduction” states are now required to pay increased Federal unemployment…
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