Federal Tax Coupons Not Accepted After 2010

September 16th, 2010

IRS will eliminate use of the federal tax deposit coupons after 2010.  All business will be required to wire or use the Electronic Federal Tax Payment System (EFTPS) to pay all payroll, corporate and excise taxes.  Only small firms that deposit less than $2,500 or less in quarterly employment taxes will be exempt.

If you are a current client of Automated Paycheck Services and currently pay using coupons, you will be converted to the electronic system during the fourth quarter of 2010.

For more information, please call Automated Paycheck Services at 714-696-7220.

APS will be there when you need us…

August 5th, 2010

It’s 2:45pm on a Friday afternoon and you are terminating an employee but don’t know how much to issue the final check for because of taxes.  You are in a bind and we understand that.  APS will be there when you need us to accommodate any of your urgent payroll needs such as breakdowns for termination checks, questions about payroll taxes, or inquiries to employee benefits.  

Or let’s say it’s Friday morning and you forgot to report your payroll hours and your employees will be in within an hour to pick up their payroll checks.  APS offers alternative services to insure that you are handling your payroll obligations and won’t let your employees down.  We can either provide you with tax breakdowns so that you can issue your employees checks right away or we can rush your payroll processing so that you can receive your checks the same day (for a small additional fee).

Although our turn-around time is 24 hours, we are here to accommodate your most unexpected and urgent payroll needs.  APS will provide you the attention your business deserves and the professionalism you expect.

Tax Increases on Its Way

July 27th, 2010

Congress Working on Ways to Reduce the Deficit

 As we are taking a well deserved summer break, Congress is hard at work coming with new ways to reduce their deficit.

Personal Service S Firms - Small business is a target.  Small personal service S Firms will be hit with SECA tax on the profits of small S firms in the fields of Accounting, Law, Health, Actuarial science, Engineering, Architecture, Lobbying, Consulting, Brokerage services, Investment management, Sports, Performing Arts.

Employment Tax Audits- IRS is planning 6.000  employment tax audits over the next three years.  Their agents are receiving special training to prepare for these exams.  The IRS will use these audit results to select  targets for  future payroll tax audits.

To Courier or Not to Courier…

July 9th, 2010

Save yourself some time and hassle. 

Receive your payroll by noon the day after you submit it!  Having your payroll delivered by courier saves you the inconvenience of leaving your place of business to pick it up or possible delays of mail service.  The courier service is fast, secure, and dependable.  Make your business more efficient in no time.

 Call APS today to talk about the specifics.

Direct Deposit…it’s convenient, fast, and reliable.

July 2nd, 2010

 Ever have your employees rush you to finish payroll on an already busy Friday?  Leave those worries and headaches in the past with Direct Deposits

Offer your employees the convenience knowing their payroll is already in their bank accounts the morning of payroll without them having to drive down to their banks or wait in line to make their deposits. 

It’s just as good as cash and most banks will make the funds available a day sooner.  This allows your employees immediate access to their paycheck . 

Please call us at (714) 696-7220 for more details.

No business is too small…

June 25th, 2010

Think your business is too small for payroll service?  Think again!  

APS specializes in meeting the needs of small businesses.  Let us worry about the finite details of payroll taxes and quarterly filings so you can concentrate on growing your business.  

We dedicate ourselves to providing focused and personal attention so you always feel confident that we take your interests seriously.  

Whatever the size of your business, either one employee or hundreds, we are here and ready to serve you.

Have a great weekend!

Economic recovery is on its way…

June 22nd, 2010

Even though we continue hearing hum drum news about our sluggish job market.  Historically  job market is the last to recover.

Good news is that sales of durable goods are slowing increasing.

The word out there is that the real estate market in California has bottomed out in the summer of 2009 and it is on its way up.

For the business owner – do not lose sight why  you went into your own business in the first place.  Slow times allow time to review business structure and management policies and to look at competition.  Now is a good  time to embrace a going forward attitude, establish new business relationships and focus on new ways of marketing and advertising your business and who you are.

In summary, all the indicators are that economic recovery is slowly on its way up!!!

New Health Care Tax Credit – Small Employers

June 4th, 2010

Affordate Care Act created a tax credit to encourage small employers to offer health insurance coverage for the first time or maintain coverage they already have.

This credit takes effect in 2010  and is generally available to small employers that pay at least half of the cost of single coverage for their employees. The credit  specifically is targeted to help small employers that  employ low-and moderate income workers.  Read the rest of this entry »

Work Opportunity Tax Credit

June 4th, 2010

When the IRS or Franchise Tax Board gives credit – it is usually a good thing to pay attention to.

This time it is the work opportunity credit (WOTC) which offers tax savings to business that hire employee in ages 18 to 39 living in designated communities in 43 states and District of Columbia.  These employees must be recipients of various types of public assistance, certain veterans, ex-felons and certain yoth Workers.  Read the rest of this entry »

New Hire Act Tax Credit – a Silver Lining?

June 4th, 2010

There are tax benefits for a small business owner who hires a new employee after March 19, 2010.

These two new tax benefits were created under the Hiring Incentives to Restore Emplyment (HIRE Act) and were enacted March 8, 2010.  These following tax benefits which  are tax credits and are available to employers who hire certain previously unemployed workers  hired after February 3, 2010 and before January 1, 2011: Read the rest of this entry »