Managing Your Business – JAMES HAMLIN & CO., P.C.

Category: Managing Your Business

Calculating Overtime In a Bi-weekly (or longer) Pay Cycle

Posted on October 30, 2018 by Amy Bloomgren

Calculating Overtime In a Bi-weekly (or longer) Pay Cycle A common question we hear from our clients pertains to how overtime is calculated in Illinois and Wisconsin when staff are paid less-often than a weekly basis. Both states' regulations regarding...Read More

Avoid Penalties – Ensure Accuracy of Wage Reporting

Posted on September 20, 2018 by Amy Bloomgren

The Social Security Administration has started mailing informational notifications to employers that submitted W-2s for 2017 that contained mismatched name and Social Security numbers, based on agency records. 200,000 notification letters are sent every two weeks. The notification informs the...Read More

IL & WI Will Require Sales Tax Collection by Internet Sellers

Posted on September 14, 2018 by Amy Bloomgren

Illinois and Wisconsin, along with 28 other states are acting to pass laws or regulations to require sales tax collection by remote sellers now or in the immediate future. Wisconsin Department of Revenue has announced that it will require sales...Read More

Wisconsin Sales Tax Holiday – August 1-5, 2018

Posted on July 17, 2018 by Amy Bloomgren

WHAT IS A SALES TAX HOLIDAY? A sales tax holiday is a temporary exemption period where sales of certain items are exempt from Wisconsin sales and use tax. The five-day temporary exemption period will begin on Wednesday, August 1, 2018,...Read More

HAPPY SPRING…Cleaning!

Posted on May 7, 2018May 9, 2018 by Amy Bloomgren

When it's Safe to CLEAN Out Those Old Tax Records The long, grueling, 90 days of winter have passed and Spring is finally upon us. The daylight is longer, the sun is warmer, the birds are singing and the trees and...Read More

Support for QuickBooks 2015 Ends May 31, 2018

Posted on March 26, 2018 by Amy Bloomgren

If you haven't heard, on May 31, 2018, support for QuickBooks Desktop 2015 products will end. This includes all versions of QuickBooks Desktop 2015 (Pro, Premier, Enterprise Solutions, Accountant Edition, and Mac). If you are using payroll, merchant services, technical support or other...Read More

IRS Launches New W-4 & Withholding Calculator

Posted on March 5, 2018March 5, 2018 by Amy Bloomgren

By now employers should be using the updated income-tax withholding tables for 2018 which reflects changes made by the tax reform legislation. The marital status chosen on the W-4 will determine how much income tax will be withheld. Personal exemptions...Read More

Meals and Entertainment Changes Under Tax Reform

Posted on February 7, 2018 by Amy Bloomgren

The Tax Cuts and Job Act (TCJA) enacted extensive changes to the deductibility of meals and entertainment expenses for companies. If you are in the business of entertaining your clients and customers, you will want to know about these...Read More

Updated 2018 Withholding Tables – Taxpayers Could See Paycheck Changes by February

Posted on January 18, 2018January 19, 2018 by Amy Bloomgren

The Internal Revenue Service released Notice 1036 on January 11, 2018. The notice updated the income-tax withholding tables for 2018 which reflects changes made by the tax reform legislation enacted last month. This is a first in a series of steps that...Read More

A Healthy Start to the New Year!

Posted on January 5, 2018January 15, 2018 by Amy Bloomgren

Happy New Year! All of the guests have returned home, the holiday decorations are taken down and packed away, the hustle and bustle of the holiday season has passed, and you can finally take a breath! Whew! Another year gone...Read More