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Greetings!
Here are your articles for January 18, 2012. |
"At Kiesling Associates, we make it our mission to provide timely,
quality services that exceed the expectations of our clients."
Joe Gerot & Jeff Naig, Co-Managing Partners |
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The Patient Protection and Affordable Care Act | |
When the Patient Protection and Affordable Care Act was passed in 2010, there came about many compliance issues. Some took effect right away and others are taking effect now and in the future. More |
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Payroll Tax Reduction Extended | |
Congress has extended the payroll tax reduction until February 29th, 2012 under the Temporary Payroll Tax Cut Continuation Act of 2011. Under the bill, the employee's portion of FICA taxes is reduced from 6.2% to 4.2% for wages paid from January 1, 2012 through February 29, 2012 up to $18,350. Any wages paid in excess of $18,350 during the first two months that did apply the 6.2% FICA tax will be subject to recapture rules. There will continue to be negotiations in congress that may extend this benefit through the end of the year. For those companies that may be in a position to front-load certain wages paid, it may be a good idea to accelerate wages to fit as much under the $18,350 cap as possible in case the legislation is not extended past February 29th.
For more information on this topic, contact Michelle Eno at meno@kiesling.com, 608-664-9110, Todd Thorson at tthorson@kiesling.com, 515-223-0159, or your Kiesling representative. |
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How to Reward Effort and Motivation | |
Rewarding and recognizing employees is a ticklish business. It can motivate people to explore more effective ways to do their jobs - or it can utterly discourage such efforts. More |
| Improving Your Office Meetings |
What comes to mind when you think of your company's office meetings? Do your meetings run long, get off track often, and result in uncertainty of what was agreed to and who is responsible for completing the task? In this tightened economy, the slogan that gets mentioned is "Time means money!" Just think about the time spent when you are holding an office meeting and the related salaries. Office meetings play an important role in the success of a business if done properly. More |
| Failure to Timely File Correct Information Returns Can Lead to Large Penalties |
The term information return means any statement, form, or return required to be filed with the IRS to advise it of an amount (e.g., taxable income) paid to another person. While many types of forms and statements come within this definition, for payroll purposes, the Section 6721 penalty can apply to (1) Form W-2 (Wage and Tax Statement); (2) Form 1099-MISC (Miscellaneous Income), as well as other forms in the 1099 series; and (3) Form 8027 (Employer's Annual Information Return of Tip Income and Allocated Tips). More |
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Kiesling Quotes | |
As we face obstacles to our integrity and personal progress, we often look to the advice of others. Reading powerful quotes can produce great results.
From time to time, we will share with you some quotes from others on achievement and successful living. Use them to build your library of quotations.
PERSERVERANCE
"Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan, 'press on' has solved, and always will solve, the problems of the human race."
Calvin Coolidge
"Success is not final, failure is not fatal: it is the courage to continue that counts."
Winston Churchill
"People of mediocre ability sometimes achieve outstanding success because they don't know when to quit. Most men succeed because they are determined to."
George Allen
"In the confrontation between the stream and the rock, the stream always wins-not through strength but by perseverance."
H. Jackson Brown, Jr.
"Perseverance is not a long race; it is many short races one after another."
Walter Elliott
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Monthly Small Business Tax Calendar | |
Important Tax Dates for small businesses for the month of February. More |
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose. |
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