Source: irs.gov The checklist below provides the basic steps you should follow to start a business. This list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business. Information about specific industries can be found at the Industries/Professions Web page. Each state has [...]
Taxpayers face more disclosures and potential penalties. By KEVIN E. PACKMAN, ESQ. and MAURICIO D. RIVERO, ESQ. AUGUST 2010 Source: Journal of accountancy A key component of the federal government’s push for heightened tax compliance among U.S. taxpayers with foreign accounts and assets is the Foreign Account Tax Compliance Act [...]
Restaurant clients with tipped employees have more complex payroll requirements than other clients. Years of experience in the food, beverage, and hospitality industry have given Paychex the opportunity to excel in offering unique services and reports for establishments with tipped employees. Important payroll items include: FICA Tip Credit Report - [...]
