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 September 2010 Newsletter
Due Dates: September
15 = 3rd Quarter Estimated Income Taxes
September
15 = Monthly Payroll Tax Deposits
September 20 = Monthly Sales Tax
October 15 = Second Half Property Taxes
November 2 =
Annual SIMPLE IRA Employee Notification
 On
Line Consulting - We are now using CrossLoop:
CrossLoop is a FREE Screen Sharing product that we just heard
about from Nathan Carlson, the owner of Ben-Car Construction.
[Ben-Car Construction has
over 12
years of experience in the residential and commercial markets
and is willing and prepared to meet your every need from
painting, lawn care, home remodeling and small to medium
commercial.]
1. Please download a small application NOW so we're both
ready for our next online session.
2. And here are the Connecting instructions.
Did you know you do
NOT need to pay for a REGISTERED AGENT?
If you live in Minnesota and you have a
Minnesota business, you can serve as your own Minnesota resident
agent. A client just found out they were paying $135 per
year to have a outside Registered Agent; they do not need to
have this expense. See below. Did this tip
save you money? Let us know your story - send an email to
Buster@AccountAbilitySolutions.net
Minnesota Businesses - Check your Status
at the Secretary of State Website
1.
Check your
listing on the Minnesota Secretary of State’s website:
http://da.sos.state.mn.us/minnesota/corp_inquiry-find.asp?:Norder_item_type_id=10&sm=7
Find your Organization ID and your Entity Type ID. Is this
information correct?
Please note the REGISTERED OFFICE – If you live in
Minnesota and you are incorporated in Minnesota, you can serve
as your own Minnesota resident agent.
2.
Check the GOOD STANDING DATE –
Go to:
http://www.sos.state.mn.us/index.aspx?page=216 to update
your Good Standing with an annual renewal. There is no
fee as long as the updates are done annually. [Sole
Proprietors renew every ten years.]
Also go to:
http://www.sos.state.mn.us/index.aspx?page=216 if an
update is needed to change the Registered Office
location. There is a $35 fee to make this change.
 Preparing for Year End - Verify Employees Names and Social
Security Numbers
ONE, Ask employees to look at their
paychecks - is their name and address correct?
If their name has changed, they need to notify the Social
Security Administration -- ask the employee to fill in
SS-5
and take it with documents to the nearest Social Security
Office.
TWO, Be sure the information on the
yearend W2s is accurate - have us verify their name and social
security information with the Social Security Administration.
We do this for our clients every fall. Cost for
non-clients is only $15.00. Contact us today so
the employee information on your yearend W-2s is accurate.
Paid Time Off
Employers continue to use paid time off as a significant benefit
to attract new employees, reveals the latest survey on paid time
off programs and practices from WorldatWork. "Time is the
new currency and employers remain committed to providing paid
time off as a key employee benefit and reward," says Lenny
Sanicola, benefits practice leader for WorldatWork. [from
Employee Benefit News, http://ebn.benefitnews.com/news/]
QuickBooks can track
Personal Time Off
Consider offering PERSONAL TIME OFF as a benefit to your
employees. Personal Time Off is a combination of Vacation
and Sick time. It can also cover holidays, emergency
closings and work slow periods. Click
HERE for an
Employee Policy regarding Personal Time Off.
Did you know that
AccountAbility Solutions can help you set up Personal Time Off
tracking in your own QuickBooks payroll. Let us help you
use more of your QuickBooks features - contact us today to
"Connect Your Books with QuickBooks."
Do my employees get time off work for school visits?
Every employee in Minnesota is entitled to take up to 16 hours
UNPAID leave a year to attend their children's school
conferences, classroom activities, child care or other early
childhood program.
The
employee needs to make a reasonable effort to schedule the
conference or activity in such a way as to cause the least
disruption in the employer’s operations.
Employees may apply
personal time off/vacation time if available to this leave time.
Did
you know??? New Hire forms are available from our
LINKS
page.
Did you know??? AccountAbility Solutions
provides ALL INCLUSIVE payroll services
with no additional fees for payroll services. We don't track
payroll events, we don't nickel and dime. Pay the same
amount every month for payroll
services with no surprises. (Direct deposit fees are extra,
sorry.)
Did you know?? QuickBooks has a built in CALCULATOR.
Any numeric field can do calculations. Use +, -, /
(divide), and * (multiply). Press "Enter" or "Tab"
to place the answer in that field.
"C" is clear. "Esc" will cancel the calculation.
September
1, 2010 |
