Time is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers. That may mean hiring help for personal tasks such as caregiving for the young, elderly, or special needs family member. When you first hire a household worker,…
If you are having trouble figuring out how to calculate end of year bonuses you are not alone! Here are some quick tips: Holiday Bonus (cash or gift cards) You must treat all cash bonuses, including Gift Certificates (“cash in kind”) as taxable wages, no matter how small they are. You can add a…
Remind employees that if there has been a change in their filing status due to a marriage, divorce or dependents that they may want to file a new W-4 for 2014. Check to be sure that employee paycheck names/SSNs match their Social Security cards and W-4 Data. Remember that for tax purposes any…
Whether you are just starting your new business and need help with the logistics of “setting up shop” or have been in business for 20 years and find yourself needing some extra help with your accounting needs, Smart Book Business Solutions is here to help you! My name is Becky Fava and I have been…