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Tag: Year End


Nov

01

2018
Business Expense Deduction Check-Up

Business Expense Deduction Check-Up

As you prep for year-end reporting, it’s a good time to consult with your CPA and brush up on changes to business expense deductions from the Tax Cuts and Jobs Act (TCJA). Read more about tax deduction changes that may impact your business and get tips on how to recategorize expenses to align with the changes.


Feb

19

2018
Top 10 Payroll Compliance Mistakes

Top 10 Payroll Compliance Mistakes

While ignorance is bliss, it won’t help you get out of an employment tax or labor law penalty.  We know business owners are juggling a lot of balls and under a great variety of pressures.  We compiled this top 10 list to help small business owners understand the most frequent payroll compliance issues they will inadvertently stumble upon. All payments you issue to your employees should go...

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Nov

20

2015
Small Business Saturday Tips and Tricks

Small Business Saturday Tips and Tricks

Saturday November 28 marks the fifth annual Small Business Saturday. Small Business Saturday was created by American Express to encourage consumers to shop locally and small during the holiday season. Since the preverbal doors of Small Business Saturday opened in 2010, over eighty-eight million people have shown up to “shop small”. So, is your business ready for Small Business Saturday? If you want to take...

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Jan

16

2015
Stay on Top of your UI Rate

Stay on Top of your UI Rate

20% of CO Employers May Not have the Proper Colorado Unemployment Rate in Use This month the CDLE informed us that roughly 20% of employer’s UI rate notices mailed in November were returned to them due to invalid mailing addresses.  Did you receive your rate notice?  Is your 2015 UI rate for payroll up to date?  If you are with ASAP, you can be assured...

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Jan

02

2015
2015 Minimum Wage Alert

2015 Minimum Wage Alert

Colorado’s new minimum wage is $8.23 per hour ($5.21 for tipped employees). Download our free White Paper to see minimum wage increase across all states. The following White Paper sets forth the state minimum wage and overtime rates as of January 1, 2015. Some states have minimum wage rates that are higher than the federal rate, while a few have rates that are lower.    


Dec

19

2014
New Year Preparation | BEFORE YOUR LAST PAYROLL

New Year Preparation | BEFORE YOUR LAST PAYROLL

 Employee Information; verify current and former employees addresses and SSNs (ASAP’s W2 Edit List) Special Procedures; schedule additional Payroll Runs (such as Bonus Runs, Owner/Adjustment Payrolls, etc.) – These must be processed in 2014, notify ASAP if you need to schedule such payrolls. Benefits Data; confirm compensation, benefit/pension plan contributions such as those based on 2014 plan limits. Health and accident insurance premiums paid on...

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Dec

11

2014
940 Payroll Tax Credit Reduction (2014)

940 Payroll Tax Credit Reduction (2014)

If you are an employer in one of the 8 states or territories that have not met the terms of their Title XII federal loans for 2014, you are subject to additional payroll tax credit for the employer 940 Federal Unemployment tax liabilities. In general terms, you can expect the increase to amount to $84 per employee if you are in a state with a...

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Jan

15

2014

W2 Processing

ASAP’s W-2 Processing is well under way; we anticipate all forms to be in the mail by MLK day!  All clients will receive copies securely electronically later this month. Please retain these copies as you will need these to issue any reprints or copies that were delivered to a prior employee address. Note: for confidentiality and privacy concerns, we will not discuss payroll matters with...

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Nov

25

2013

ASAP’s YEAR END GUIDE

Recap and Review: Top 5 items to review before your last payroll. Top 5 items to review before your first payroll. 2014 Limits & Resources and more… >>DOWNLOAD ASAP’s YEAR END GUIDE (click)



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