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4 Steps to Take if You Receive an Incorrect W2

All employees should have received a copy of their W2s by the beginning of February.  If you have not received yours yet, then you should call your employer and request a copy immediately.  By law, employers have until the end of January to mail out copies of W2s to employees.  Failure to comply with the W2 filing…

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S Corporation Owners, is Your Salary too Low?

Posted by Michael Beauchemin on Thu, Mar 01, 2012 @ 11:34 AM Are you an owner of an S Corporation?  If so, you may want to do a salary checkup and make sure your salary is reasonable and customary.  Ealier this year the Eighth Circuit Court upheld a lower court’s decision regarding the salary of the owner of an…

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Top Four Payroll Changes in 2013 that Businesses Need to Consider

Posted by Michael Beauchemin on Wed, Jan 09, 2013 @ 01:14 PM With the New Year come changes.  Not only do we have renewed commitments to personal goals but there are also changes to business regulations and laws. Most importantly for business owners and managers there are changes each year to the payroll tax laws.  Here are four of the top changes for 2013….

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Incorrect W2s and 1099s Will Cost You Money

How Incorrect W2s Cost You Money The deadline for issuing W2s and 1099s is fast approaching.  If you have not sent out your W2s or 1099s you will have to act quickly.  The deadline is January 31.  As important is not sending out incorrect w2s. If you miss the deadline the IRS can levy fines per missing or…

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