As the middle of the year has arrived, it is a good time to look at your year-to-date withholdings. Many changes happen throughout the year, and looking at your withholdings can help you from either owing a “surprise” large amount, or paying in more than necessary throughout the remainder of the year. Withholidng calculations is…

Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. Please note your state period of limitation may be different then the federal limitation. Posted from the IRS’ website: Note: Keep copies of your…

If you have a “surprise” large balance due to the Internal Revenue Sevice, you may qualify to make payment arrangements with the Department of Treasury (even if it wasn’t a “surprise”). Individuals who owe less than $50,000 in combined tax, penalties, and interest, and are current on all tax filing requirements can qualify for an…

California: Healthy Workplace Healthy Family Act of 2014 An employee who, on or after July 1, 2015, works in California for 30 or more days within a year from the beginning of employment, is entitled to paid sick leave. Employees, including part-time and temporary employees, will earn at least one hour of paid leave for…

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