January 2011 Archive
CPA Care Categories
Recent Posts to CPA Care
- Announcing extended CPA Care hours!
- Rights under FLSA for Daylight-Savings Time
- Need last minute help with your 1120 filings?
- New to Using Custom Web Reporting?
- H-2B Final Rule
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Illinois State Withholding Rate Increased
On January 13, 2011, Illinois Governor, Pat Quinn, signed into law a 66% state income tax increase effective immediately. The personal income tax rate will increase from 3.0% to 5.0%.
Employers are not... Read More
Prompt and Personal Service Benefits Accountant at Year-End
Becky Foster, an accountant with Hayes, Neltner & Schmidt, supports five CPAs at her firm, and the firm has 50 clients who use Paycor payroll and HR solutions. Yet she doesn’t have... Read More
Proposed Changes for Form 941
The IRS has released proposed changes for Form 941 for first quarter 2011. The draft has several changes including the calculation to reflect the 2011 reduction of the employee portion of FICA. The IRS expects the... Read More
Things I've Learned...(and am still learning)
By Bob Coughlin, CEO Paycor
Quick Tip: Unlocking the power of your associates and customers
Do you ever leave a meeting feeling like ideas were thrown out, everybody talked, but nothing got accomplished... Read More
Simpler Reporting Requirements for Small Charities
A tax-exempt organization’s annual gross receipts or total assets are used to determine which of the three versions of Form 990 is required to file. Small tax-exempt organizations whose gross... Read More
CPA Care is here to help you meet the 1120 and 1120S filing deadline!
Feeling a little overwhelmed?
Paycor’s CPA Care Advocates are standing by to assist you during this busy time of year. We have created a resource to help you obtain salary and... Read More
Specific Forms not Required in PTIN Requirements
A PTIN must be obtained by all tax return preparers who are compensated for preparing or assisting in the preparation of any U.S. federal tax return, claim for refund, or other tax forms submitted... Read More
Guidance Available on the New Health Care Tax Credit for Small Employers
Instructions were released to help small employers correctly figure and claim the credit for 2010. Eligible small businesses will first use Form 8941 to figure the credit... Read More
What's New for 2011
- Percentage Method Tables and Wage Bracket Tables for Income Tax Withholding were developed as a result of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
- The employee tax rate for Social... Read More
Illinois State Withholding Rate Increased
On January 13, 2011 the Governor of Illinois, Pat Quinn, signed into law a 66% state income tax increase effective immediately. The personal income tax rate will increase from 3.0% to 5.0%. This increase... Read More