Friday, June 29, 2012
Background Search: Hiring a person with a warrant?
I came across this article and thought I would pass this along to all who might handle hiring or other HR duties that would pertain to this. With EEOC changes, this brings up a very interesting scenario, which was from a true story.
Director of Operations
Friday, June 15, 2012
New Indiana Child Support Law
This past May, Indiana Senate had passed SEA 18 into law. What this means is when a child turns 19, no more child support payments will be made to the custodial parents by the non-custodial parents. The law previously permitted child support payment up to the child's 21st birthday.
The important key points to know from this law are:
1) This law takes effect July 1, 2012
2) This is for current support payments due. Arrears, past-due, and educational supports will still be due.
3) Employers will not be sent notification of child support withholding terminations automatically. Employers are to continue the withholding until the order to discontinue has been provided
4) Any payments made after July 1, 2012 will be held until the paperwork to terminate the income withholding order has been processed and sent out.
5) Non-custodial parents must request a refund of the balance being held after the termination of income withholding has been ordered.
If you have any further questions concerning this, you may contact the Indiana Department of Child Services or James Petty at Total Payroll Solution via our website or by phone (765-288-PAID).
The important key points to know from this law are:
1) This law takes effect July 1, 2012
2) This is for current support payments due. Arrears, past-due, and educational supports will still be due.
3) Employers will not be sent notification of child support withholding terminations automatically. Employers are to continue the withholding until the order to discontinue has been provided
4) Any payments made after July 1, 2012 will be held until the paperwork to terminate the income withholding order has been processed and sent out.
5) Non-custodial parents must request a refund of the balance being held after the termination of income withholding has been ordered.
If you have any further questions concerning this, you may contact the Indiana Department of Child Services or James Petty at Total Payroll Solution via our website or by phone (765-288-PAID).
Thursday, June 14, 2012
TPS and Preferred Providers
One way we are different from other payroll companies is our "no-hassle after the sale" policy. What does that mean? We strictly run payroll. Anything to do directly with payroll, we provide in our all inclusive pricing. We will not try to pressure, guilt, or scare you into "other services" that related to payroll or other non-payroll business services.
After listening to our clients who switch, they've said nothing but praise on not hassling them. With their previous payroll provider, they would constantly get calls or mailings about the provider's other services. One even said the provider tried to scare her into a particular service because it was the law. After researching and calling other places, she found out this wasn't even the truth.
When certain things are mandatory to keep your business legal, Total Payroll Solution will make sure you know and will supply you with the literature or web links to office sites of the federal and state governments. We will assist you in anyway we can getting those items set up and maintained.
When certain things are optional, we can also assist you with those. We do not directly provide those services, but will work with the providers in getting them set up and maintained. What we have done at Total Payroll Solution is establish relationships with several companies who provide these other business services. These providers do not pay us anything for sending them to you. These providers are do not get on our list by just stopping in our office. These providers must be recommended by our current clients. After much research, we determine if they would be a provider worth mentioning. We continue to get feedback on how they are treating all of our clients who use them. Though we are separate from them, it is also our reputation at stake because we are recommending them.
If you need help finding a provider to handle your various business needs such as workman's compensation, retirement plans, health benefits, etc. please contact us at 765-288-7243, or visit us on the Web at ADDITIONAL SERVICES. These companies are separate from Total Payroll Solution. We do not get compensated for any business you may do with them. Our relationship has been established through years of trust and integrity.
Please contact James Petty at the number above or at jpetty@tpspayroll.com if you are a current client and want to recommend a provider that you use.
After listening to our clients who switch, they've said nothing but praise on not hassling them. With their previous payroll provider, they would constantly get calls or mailings about the provider's other services. One even said the provider tried to scare her into a particular service because it was the law. After researching and calling other places, she found out this wasn't even the truth.
When certain things are mandatory to keep your business legal, Total Payroll Solution will make sure you know and will supply you with the literature or web links to office sites of the federal and state governments. We will assist you in anyway we can getting those items set up and maintained.
When certain things are optional, we can also assist you with those. We do not directly provide those services, but will work with the providers in getting them set up and maintained. What we have done at Total Payroll Solution is establish relationships with several companies who provide these other business services. These providers do not pay us anything for sending them to you. These providers are do not get on our list by just stopping in our office. These providers must be recommended by our current clients. After much research, we determine if they would be a provider worth mentioning. We continue to get feedback on how they are treating all of our clients who use them. Though we are separate from them, it is also our reputation at stake because we are recommending them.
If you need help finding a provider to handle your various business needs such as workman's compensation, retirement plans, health benefits, etc. please contact us at 765-288-7243, or visit us on the Web at ADDITIONAL SERVICES. These companies are separate from Total Payroll Solution. We do not get compensated for any business you may do with them. Our relationship has been established through years of trust and integrity.
Please contact James Petty at the number above or at jpetty@tpspayroll.com if you are a current client and want to recommend a provider that you use.
Monday, June 11, 2012
1099 Requirements for 2012: Appealing
In 2010, the Patient Protection and Affordable Care Act (“Health Care Bill”) was signed into law. Sounds good until you read what else was included in that bill to get it passed.
Starting in 2012, the IRS has new laws in the 1099 reporting requirements. In the pass, businesses were required by law to send 1099s to any independent contractor that received $600.00 or more within the calendar year. The government felt there was a loss in IRS tax revenue due to unreported taxable income and illegal tax deductions, both with individuals and businesses.
The new law will require that all business types must send 1099s to every individual and business with whom they have spent $600.00 or more. It seems like a reasonable request, until you realize how many different places a business can spend more than $600.00 or how many places a business can have that spends more than $600.00 with them.
Take for example a furniture company. Most would have some independent contractors for their business like furniture repair, reupholster, etc. Say a big, busy company would normally have 10 1099s that they would send out. Most furniture companies carry over 30 companies with whom they buy furniture from. Lets say they only buy gas at one place for their delivery trucks and use one repair shop. Any software renewal and monthly fees, any sales training literature, and training trips, any trips to furniture expos, etc. These could total easily up to an additional 50 1099s that have to be compiled, filled in, sent out, and reported.
Take for example the receiving end of things. Staples is a pretty well know and used business supply store. The store in Muncie, Indiana probably serve most of East Central Indiana. If only 10% of the businesses shopped there or online and spent over $600.00, Staples would receive over 500 1099s just from that area.
Now take the IRS, who seems to be, at the very least, two years behind on 1099 and W2 reporting. They now have an extra 1100+ 1099s to process just by the two examples above. 550 being reported by reporter, and 550 by the reportee.
This new law requirement will greatly increase the administrative burden on all businesses, as well as the IRS. This requirement is going through its appeal. Various Representatives to the US House have been involved such as Todd Rokita and Dan Burton. Many have websites with links to sign petitions to appeal this law. I would greatly encourage everybody to sign the petition, specially if you are a business owner or carry out administrative duties for your company.
As part of Total Payroll Solution's service, we do free 1099 fillings for all of our payroll clients. There is a small cost for non-payroll clients to do this yearly filing on their behalf. The forms are filled electronically with the IRS and confirmations are sent to all who file with us. Electronic copies are also sent to the companies for their own record keeping. At Total Payroll Solution, we believe in giving our clients more than they expect. You won't find any nickel-and-diming here, but an upfront cost that you can expect to be consistent.
Please contact us via our website, Payroll Quote, or by email at tps@tpspayroll.com for a free quote. You may also contact us by the same email or via website, Contact, for more information or question regarding 1099s and other payroll issues.
Starting in 2012, the IRS has new laws in the 1099 reporting requirements. In the pass, businesses were required by law to send 1099s to any independent contractor that received $600.00 or more within the calendar year. The government felt there was a loss in IRS tax revenue due to unreported taxable income and illegal tax deductions, both with individuals and businesses.
The new law will require that all business types must send 1099s to every individual and business with whom they have spent $600.00 or more. It seems like a reasonable request, until you realize how many different places a business can spend more than $600.00 or how many places a business can have that spends more than $600.00 with them.
Take for example a furniture company. Most would have some independent contractors for their business like furniture repair, reupholster, etc. Say a big, busy company would normally have 10 1099s that they would send out. Most furniture companies carry over 30 companies with whom they buy furniture from. Lets say they only buy gas at one place for their delivery trucks and use one repair shop. Any software renewal and monthly fees, any sales training literature, and training trips, any trips to furniture expos, etc. These could total easily up to an additional 50 1099s that have to be compiled, filled in, sent out, and reported.
Take for example the receiving end of things. Staples is a pretty well know and used business supply store. The store in Muncie, Indiana probably serve most of East Central Indiana. If only 10% of the businesses shopped there or online and spent over $600.00, Staples would receive over 500 1099s just from that area.
Now take the IRS, who seems to be, at the very least, two years behind on 1099 and W2 reporting. They now have an extra 1100+ 1099s to process just by the two examples above. 550 being reported by reporter, and 550 by the reportee.
This new law requirement will greatly increase the administrative burden on all businesses, as well as the IRS. This requirement is going through its appeal. Various Representatives to the US House have been involved such as Todd Rokita and Dan Burton. Many have websites with links to sign petitions to appeal this law. I would greatly encourage everybody to sign the petition, specially if you are a business owner or carry out administrative duties for your company.
As part of Total Payroll Solution's service, we do free 1099 fillings for all of our payroll clients. There is a small cost for non-payroll clients to do this yearly filing on their behalf. The forms are filled electronically with the IRS and confirmations are sent to all who file with us. Electronic copies are also sent to the companies for their own record keeping. At Total Payroll Solution, we believe in giving our clients more than they expect. You won't find any nickel-and-diming here, but an upfront cost that you can expect to be consistent.
Please contact us via our website, Payroll Quote, or by email at tps@tpspayroll.com for a free quote. You may also contact us by the same email or via website, Contact, for more information or question regarding 1099s and other payroll issues.
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