Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
The minimum wage rate will increase to $14.20/hour on December 31, 2022, for the majority of New York State. If you live in New York City, Long Island or Westchester, the minimum wage rate will remain at $15.00 per hour. These rates will be effective … [Read more...] about 2023 Minimum Wage Increase
Payroll Taxes and Your Business While employees pay the majority of payroll taxes, employers share some of these payments. If an employer does not remit these payments on time or fails to make the payments at all, the company will be subject to … [Read more...] about Payroll Taxes and Your Business
Established in 1888, the peaceful park-like setting of Ebenezer’s Mount Hope Cemetery retains an air of quaint dignity, so common in the days when it was first put into service by German settlers in the area. Many of the original founders of West … [Read more...] about Ebenezer’s Mount Hope Cemetery
As you may already know, on April 3rd, 2020 NYS signed into law that large employers with 100 or more employees can accumulate 56 hours of paid sick leave per year and small employers with 5-99 employees can accumulate 40 hours of paid sick leave per … [Read more...] about 2021 Changes to Paid Sick Leave
When to file The IRS has redesigned the Form W-4 due to changes in the tax law that eliminated personal exemptions/allowances. The new Form W-4 should make it easier for you to make any changes to your employer tax withholding. There are several … [Read more...] about Changes to your Form W-4
Is your S corp paying you enough? Entrepreneurs often struggle with the question of how much to pay themselves. The underlying rule is that individuals who own and operate their business through an S corp need to pay themselves a “reasonable” … [Read more...] about Reasonable Compensation
