Leaderboard

I gotta boogie out to ..family... So...To all you fine people...

At the last minute before the House passed the Omnibus Spending Bill, several sparkling ornaments appeared over the Potomac: Special Interest Tax Extenders retroactively reappeared Remaining ACA related taxes repealed Retirement Plans and IRAs set free Happy New Year to Ethanol Producers, NASCAR, Thoroughbred Racing, Cadillac Heath Plans, Medical Equipment Makers, Retirees with IRAs and a lump of coal for Renewable Energy Credits & etc. All I want for Christmas is . . . . . . . . . . . .

IR-2019-209, December 17, 2019 WASHINGTON — The Internal Revenue Service has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers' pay. Known as the Income Tax Withholding Assistant for Employers, this new spreadsheet-based tool is designed to help employers easily transition to the redesigned withholding system (no longer based on withholding allowances), which goes into effect on Jan. 1. It does this by helping them easily implement new income-tax withholding requests from employees who fill out the completely redesigned 2020 Form W-4, Employee's Withholding Certificate. IRS page... https://www.irs.gov/newsroom/new-downloadable-assistant-helps-small-businesses-withhold-the-right-amount-of-income-tax

Gotta wonder what that electric bill will be. Anyway Merry Christmas to all. Can I say that??

Dad once told me "Locks only keep a honest man honest" So If I really wanted your stuff I will find a way to get it. Kinda old adage ain't it.

2018?!

You should never use a home OS for business. It's too limited in too many ways.

Merry Christmas!

The SECURE ACT is almost certainly going to be passed this week as it is tied to the spending bill to keep the government open.

My understanding is that if they are W2 income, they are eligible wages for 401K purposes. This is dangerous water your client is treading in. They should know the rules for the plan because if they don't, and some employee has a smart lawyer relative, it could get very expensive. If you are preparing their payroll, your E&O might be on the line if/when it comes time for depositions. Tom Modesto, CA

Thanks for the help, everyone. I told them to review their plan document which should explain what is included in the contributions and matching.

Read the plan document. It must specify the definition of "compensation" for each of the specific purposes of employee contribution, the match, and for nondiscrimination testing.

Bart, this person thinks you person may have a good password idea there (just being extra careful here).

Thanks much, Gail. Education is never a waste.

John, you've got to stop using those silver discs for sanding wheels on your electric drill/screwdriver. By the way, where'd you get the adaptor for the big hole in the center (I have not been able to find one). About the deficiency of password protection, start using the PC pronouns for openers; you know: xe, xur, sie, hir - stuff like that. A sane hacker who doesn't speak Chinese-flavored Lithuanian would be expecting your birthday, anniversary, dog's name, etc.

A WAG is a Wild A$$ Guess. A SWAG is a Scientific Wild A$$ Guess.