2013 Tax Law Changes: Small Business Can Celebrate (Some)


New 2013 Tax Law Change Gives Small Business Some Reason To Celebrate.

2013 Tax law Changes

After all the hand wringing and “confrontation politics” around the fiscal cliff negotiations, there may be some things in the 2013 tax law changes that bring relief to small business.

Now Congress has finally pinned down the details of the 2013 tax laws, there are three of the last-minute provisions that small businesses can take advantage of now:

Continue reading “2013 Tax Law Changes: Small Business Can Celebrate (Some)”

2013 Tax Law Changes: 1099s for Freelancers


Tax Law Changes for Freelancers

New Tax Law Changes for Form 1099 Compliance

In 2013, there have been significant tax law changes effecting freelance and contract workers who file Form 1099.

If you work with freelancers, time is running out for employers to file Form 1099 under the new tax law changes under the 2010 Health Care Act. Employers must report both goods and services earned in 2012, not just goods and exempted payments. The intended goal is to remove the distinction between goods and services paid to freelancers, thereby cutting overall compliance costs.

Compliance under the new tax law changes means there is little time to waste.

Continue reading “2013 Tax Law Changes: 1099s for Freelancers”

2013 Federal Tax Brackets and Marginal Rates


See on Scoop.itDigital Human Resources News

When you file your federal income tax return before April 2013, you’re filing your 2012 taxes, and the 2012 income tax brackets define the amount of tax you owe to the government before credits and after-tax adjustments.

HRNewsDaily insight:

Some great insight about the tax rates for 2013. Watch your paycheck carefully for changes!

See on www.consumerismcommentary.com

 

Get Paid Well: Setting up a Payroll System


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As a small business owner, you live by one fundamental truth—everyone wants to get paid!

Making sure your employees gets their paycheck—for the right amount and deductions—can be the top business priority.

Not sure? Go one week without payroll, and you will  find out quickly how loyal your employees really are!

If you operate a business with one employee or 100, you can appreciate the role of good payroll system. Having the right payroll system can save you time, energy and –most of all—money. Continue reading “Get Paid Well: Setting up a Payroll System”