Accounting and Bookkeeping Services

Tips & Tricks & Important Infromation:

Additional Content Coming Soon!

900 East Victor Road, Lodi Ca 95240

Telephone:                 209.334-2966

If you have a question please use the "Contact Us

Tip

Remember that when you are using a QuickBooks Product you should update the program at least every two years so that you will have less change of data loss.   If you have older programs and need help bringing your company data up to date,

feel free to contact us.

Its Tax Time for Payroll

Please Check with your CPA or Bookkeeper about new reporting requirments.

New this Year      W-2

Under the 2010 health care reform law, employers are required to report the value of employee health coverage on W-2s issued for 2011 whether such coverage was paid by the employer, employee, or a combination of both. Fortunately, the IRS has made such reporting voluntary in 2011 however you should start thinking about setting the payroll items to the correct accounts so they will report correctly at the end of 2011.   

Another New Item 1099 Reporting Third-party Processors

Beginning in 2011, payment processors and third-party settlement organizations, including PayPal, are required to report to the IRS all credit card and similar transactions of payments to merchants

on the new Form 1099-K. The purpose is to ensure that merchants are divulging such income on their tax returns. Merchants with 200 or fewer transactions or proceeds of $20,000 or less for the year are exempt from this requirement.

2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001,2000,1999  

From 2008