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June 2009 Newsletter
Due Dates: June
15 = Quarterly Estimated Income Tax Payment
June 15 = Monthly Payroll Tax Deposits
June 20 22 = Monthly Sales Tax
The Advantages of
a "Personal Time Off" Policy
COVERS just about any reason for time off.
SIMPLIFIES just one paid time off category
EMPLOYEE FLEXIBILITY employees may cash in for storm days and for
holidays.
SCHEDULING VARIANCES require employees use accrued PTO before filing
for unemployment, avoid unemployment rate increases which stay
with your company for four years
Anticipate the MINIMUM SICK LEAVE STANDARDS mentioned in The Healthy
Workplaces Act (SF0461/HF0612) which was discussed in the
Minnesota Legislature.
FOCUS becomes whether absences are PLANNED or UNEXPECTED.
***Here's
wording for a Personal Time Off Policy.
Please
share your comments with us.***
Annual Business Renewal with Secretary of State
Minnesota Businesses: Renew your filing
annually with the MN Secretary of State.
Remain current
and do this annually - there is NO charge.
To check your
status: go to
www.sos.state.mn.us and select Business Center -->>
Online Service -->> Search ->> Business Name Availability (free).
Search by your business name. Click on your Org ID (and
record your Org ID).
Check on your Good Standing date.
Sole Proprietor's or Assumed Names (AN) must renew every 10 years. Everyone else renews every year!!
How
to Renew: go to
www.sos.state.mn.us
and select:
Business
Center --> Online Service ->> File Business Documents-->File
Annual Business Renewal
 Construction
Contractors
will need to withhold 2%
from
Minnesota construction
subcontractors who are Sole Proprietors.
What are your options? The easiest option, in the
long
run,
is to change your business structure.
Let's discuss
your options..
Order the step-by-step QuickBooks instructions from both the
Payee and the Payer perspective, 23 pages,
for $6.00 plus sales tax.
(Free to our customers.)
Minnesota Sales Tax is increasing July 1,
2009
On July 1 the state sales
tax rate is increasing from 6.5% to 6.875%. This is an
increase of $3.75 on every $1,000.
Three things to do now:
1. Consider making any major purchases prior to July 1.
2. Mention this change in any Quotes, Bids or Proposals.
3. Set up the new tax rates in QuickBooks now so you are
ready for the transition.
We can help you do this ONLINE at anytime - cost is
only $10.00.
Or select an online group session for only $6.00:
Tuesday, June 23 at 9am **
Tuesday, June 23 at 4pm **
Saturday, June 27 at 9am **
Monday, June 29 at 4pm
updated June 1, 2009 |
