Category Archives: Payroll Tax

What is an Enrolled Agent (EA)?

Background: “Enrolled” means EAs are licensed by the federal government, while “Agent” allows appearance in place of the taxpayer before the Internal Revenue Service (IRS). Only EAs, attorneys and CPAs may represent taxpayers before the IRS. The EA profession started … Continue reading

Posted in General, Income Tax, International Taxation, LLC's, Newsletter Topics, Payroll Tax, Retirement Accounts, Sub S Corporations | 121 Comments

FUTA Rate Revision

Congress has announced that the 0.2% FUTA surcharge will not be extended before June 30, 2011.   Employers have been required to pay a flat rate of 6.2% on the first $7,000.00 of each employee’s annual wages for FUTA. The 6.2% … Continue reading

Posted in General, LLC's, Payroll Tax, Sub S Corporations | 1,805 Comments

Taxpayer Beware – IRS does not email

The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues.If you receive such an e-mail, it’s a scam.

Posted in Ask Question or Comment, General, Income Tax, International Taxation, LLC's, Payroll Tax, Retirement Accounts, Sub S Corporations | 119 Comments

Minimum Wage 2011

For wages earned starting 6/1/2011 Florida employers must start paying their employees $7.31 per hour. This is an increase of $.06 over the current minimum wage of $7.25 per  hour.  Tipped employees must be paid an hourly rate of $4.29 … Continue reading

Posted in General, Income Tax, LLC's, Payroll Tax, Sub S Corporations | 3,518 Comments

IRPAC – when did this start?

IRPAC (Information Reporting Program Advisory Committee) was established in 1991 as a result of an administrative recommendation contained in the final conference report for the Omnibus Budget Reconciliation Act of 1989.  The recommendation suggested that the IRS consider “the creation … Continue reading

Posted in General, Income Tax, International Taxation, LLC's, Newsletter Topics, Payroll Tax, Retirement Accounts, Sub S Corporations | 1,435 Comments

IRS Names… guess who to IRPAC!

Wednesday, January 26, 2011 IRS Names 10 New Members to IRPAC   The Internal Revenue Service today announced the selection of 10 new members in 2011 for the Information Reporting Program Advisory Committee (IRPAC). “Members of IRPAC provide industry perspective … Continue reading

Posted in General, Income Tax, International Taxation, LLC's, Newsletter Topics, Payroll Tax, Retirement Accounts, Sub S Corporations | 165 Comments

CONSUMER ALERT – FLORIDA

For well over a year we have had a scrolling alert on our main website www.USATaxHelp.com about this issue…. here is State of Florida’s latest web post….. CONSUMER ALERT!   Arvitas, LLC is a private company sending e-mails to businesses in … Continue reading

Posted in General, Income Tax, International Taxation, LLC's, Payroll Tax, Sub S Corporations | 391 Comments

Making Work Pay Credit in 2011?

“Making Work Pay” provision is dropped in favor of the 2% FICA reduction (Social Security part) to the employee from the 2010 rate of 6.2% to 4.2% for 2011.   

Posted in General, Income Tax, LLC's, Payroll Tax, Sub S Corporations | 3 Comments

Unemployment Tax (Florida) Increase for 2011

State of Florida will be increase the minimum state unemployment tax rate.  The article The current minimum rate of 0.36% will nearly triple to 1.08%.  View full article:  http://www.bloomberg.com/news/2010-11-17/fla-unemployment-compensation-tax-going-up-again.html 

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Health Insurance goes on W2 in 2011!

There is a lot of mis-information out there about Health Insurance being taxable…….. Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. … Continue reading

Posted in Income Tax, LLC's, Payroll Tax, Sub S Corporations | 2,764 Comments