Don’t Mess with the IRS!

Melissa Clary Uncategorized 0 Comments

While some tax obligations come with safety valves, such as the option of filing for an extension on income tax returns, there is no leeway with payroll taxes. If you file your reports or make withholding deposits late, the meter …

Employee Theft

Melissa Clary Uncategorized 0 Comments

Employee time theft is a serious crime and occurs when an employee gets paid for time or work they did not do. If you pay a full-time employee $20 per hour, and they steal ten minutes every day, that employee …

Home Tax Deductions

Melissa Clary Uncategorized 0 Comments

Mortgage Interest – New tax law imposes a lower dollar limit on mortgage qualifying for home mortgage interest deduction.  Starting this year taxpayers may only deduct interest on $750,000 of qualified residence loans.  This is down from the prior limit …

Check Paycheck Tax Withheld – Avoid Surprises

Melissa Clary Uncategorized 0 Comments

The passage of the Tax Cuts and Jobs Act, which will affect 2018 tax returns. Checking withholding amounts is important. These tax law changes include: • Increased standard deduction • Eliminated personal exemptions • Increased Child Tax Credit • Limited or discontinued certain deductions …

Keep Your UI Rate Low

Melissa Clary Uncategorized 0 Comments

Did you know that the Colorado Department of Labor and Employment (CDLE) requires all employers with at least one employee to carry Unemployment Insurance (UI)? UI is a state pool funded by employers to pay employees who find themselves in …