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         October 2008 Newsletter
Due Dates:  October 15 = Monthly Payroll Tax Deposits
                                     October 20 = Monthly Sales Tax
                                     October 15 = Second Half Property Taxes
                                     November 3 = Annual SIMPLE IRA Employee Notification, see below
Haunted Trail, Saturday, Oct 25 & Sunday, Oct 26, 7pm to 9pm
Come experience thrills and chills as you walk through the scary dark woods at the Northland Arboretum; north of Movies 10 in Brainerd/Baxter. 
Young children should be accompanied by an adult.  No flashlights please. 
$3 per person at the visitor center door.  Bonfire and cider for all. 
Pre-sale tickets are available at the Arb, Monday – Friday, 8:30 – 4 pm. 

Feeling Lucky?  Rotary Reverse Raffle is Saturday, November 1.  $120 is dinner for two and chance to win $10,000.  Need not be present to win.  Tickets are available from Yvonne Leiser.  The Brainerd Rotary Foundation supports personal and educational opportunities for area youth.  A grant form is available on the Brainerd Rotary Website.

Preparing for Yearend - At yearend, Form 1099s will be prepared for all Sole Proprietors and Partnerships who provided services to your business. Have accurate information on all of your Independent Subcontractors and from any provider of a service (such as us) to your business.  Here's a W9 form that can be used to request the information needed.  

Annual SIMPLE IRA Employee Notification
If you offer the SIMPLE retirement plan to your employees:
     ONE, decide what the plan will match for the coming year.  Most employers make a matching contribution of 3% of the employee's compensation.
    TWO, notify your employees on or before November 3.  Your provider will give you a Summary Plan Description and Employer Contribution Notice to share with your employees. 
    THREE, insert the 2009 notice in the Appendix of the Employee Handbook
                     We can help set up your QuickBooks payroll to accurately deduct and report
                                employer and employee retirement and health plan contributions.

Business Gives  The Brainerd Lakes Area Business Gives Program recognizes local businesses that donated 2% or more of their pretax earnings to the community. Businesses are recognized for giving cash and/or in-kind contributions to charitable organizations amounting to 2 percent or more of their pretax earnings.  Five area businesses are currently participating in the Brainerd Lakes Area Business Gives program and include AccountAbility Solutions, Brainerd Dispatch, Brainerd General Rental, CTC and Mid-Minnesota Federal Credit Union. (Brainerd Dispatch, 9/27/08)                                           October 11, 2008