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.

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.

 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.

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.

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.

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!

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!!!

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. 

Beginning with tax year 2010 through 2013, the maximum credit is 35% of premium paid by eligible small business employers.  The maximum credit benefits small employers with 10 or fewer full time equivalent employee  (FTE) receiving average annual wages of $25,000 or less.

The credit is completely phased out for employers with more than 25 FTE or average wages of $50,000 or more.

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. 

Certification by the state workforce agency is usually required, and a business must file FORM 8850 with the state workforce agency within 28 days after the eligible worker begins working.

Eligible employers can claim both the WOTC and the NEW HIRE RETENTION credits for the same employee.  However, an they may not claim the payroll tax exemption and the WOTC for the same employee during the one-year period beginning on the employee’s hiring date.

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:

1.  Payroll tax exemption – employers may qualify for an exemption from the employer’s match of 6.2% of social security tax on wages paid to qualifying employees.  Effective for wages paid from March 19, 2010 through December 31, 2010.

This credit will be claimed on the 2nd quarter’s payroll tax return for employees hired after march 19, 2010.

2.  New Hire Retention Credit – employers may qualify for a general business credit for each qualified employee retained for at least 52 consecutive weeks.  The amount of the credit is the lesser of $1,000 or 6.2% of wages paid by the employer.

This credit will be claimed on the employer’s 2011 income tax returns.

A Qualified Employee is a new hire who has been unemployed 60 days before beginning work, or worked fewer than 40 hours for anyone during the 60 day period.

The new law requires employers to obtain a statement from each eligible emploee certifying their eligibility under the  penalty of perjury by signing  Form W-11.