Payroll Solutions

Business Team

2019 Payroll Changes

Christine Porras

Prepare now for the following payroll changes that will take effect on January 1, 2019, and also consider some actions to take before year-end. Michigan Minimum Wage and Earned Sick Leave Act. Social Security Wage Base. The 2019 wage base will be $132,900. The employee and employer match will be 6.2%. The maximum deduction wi... See the 2019 payroll changes

3 Payroll Updates That Will Affect You And Your Employees

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo's Payroll Services Group would like to make you aware of important payroll updates that will affect you and your employees. IRS Releases Draft of 2019 Form W-4 The proposed 2019 Form W-4 reflects major changes. At this time, all current employees' W-4 forms are still valid. However, all new employees hired after ... Learn more

I-9 Compliance Crackdown – How to Be Prepared for an I-9 Audit

Christine Porras

The law prohibits employers from hiring anyone who is not legally authorized to work in the country. It is up to the employer to verify that their workers are eligible to work. This happens during the hiring process when the new employee completes Form I-9. Access an updated Form I-9: https://www.uscis.gov/sites/default/files/files/form/i-9.... Learn More

Social Security Administration Sending ‘No Match’ Notices

Christine Porras

The Social Security Administration (SSA) has begun mailing notifications to businesses and third parties who submitted 2017 W-2 forms that contained name and Social Security number (SSN) combinations that did not match the SSA records. The purpose of these notifications is to prepare employers for the 2018 W-2 filing deadline. These noti... Learn More

How to Avoid Getting Hit with Payroll Tax Penalties

Yeo & Yeo CPAs & Business Consultants

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the Tax Cuts and Jobs Act.) But it’s crucial not only to withhold the appropriate taxes — includin... Learn More

QuickBooks Security Upgrade Needed for Uninterrupted Services

Yeo & Yeo CPAs & Business Consultants

A security upgrade is necessary for all connections used by QuickBooks Desktop, 2015 and later. After May 31, 2018, you will need to meet certain system requirements to access Intuit services. It is highly recommended to consider all of your services and how the new system requirements will affect them. If these require... Learn More

5 Tips & Tricks for Using QuickBooks Online

Megan Taylor

Intuit is encouraging users to move from QuickBooks Desktop to QuickBooks Online (QBO). If you previously used QuickBooks for Mac, the next time you upgrade, QBO will be your only option. The user interface for QBO is quite a bit different from QuickBooks desktop, but it has several nice features. 1.Use it in Chrome By far the best browser ... Learn More

IRS Encourages 'Paycheck Checkup' for Taxpayers to Check Their Withholding

Yeo & Yeo CPAs & Business Consultants

Taxpayers who have questions about the Tax Cuts and Jobs Act have several resources that will help answer questions. The legislation, passed in December 2017, changes many areas of the tax law. Here are some of the resources on IRS.gov that will help individual taxpayers and businesses. New Tax Reform Web Page. The IRS created the Tax ... Learn More

Make Sure Repairs to Tangible Property Were Actually Repairs Before You Deduct the Cost

Yeo & Yeo CPAs & Business Consultants

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s income tax retu... Learn More