Entries by LCAF

Is This Your Situation: You Want to Reduce Overtime

Reduce overtime As you prepare your payroll each period, do you wince when you see all the time-and-a-half money you are paying out because of overtime? It could be that it’s a temporary busy time, but maybe you need to be more proactive in overtime management. Avoiding unauthorized overtime Are you taking steps to keep […]

Beware of Tax Scams as Tax Season Starts

Both businesses and individuals can be subject to tax scams from criminals who often impersonate the IRS or other government agencies in an attempt to extract money. It’s an old trick, but it seems that the scammers get more sophisticated every year. Soon we’ll be in the middle of tax season, when we’re especially anxious […]

What to Know About Tax Scams

Taxpayers–both businesses and individuals–need to be wary about a range of scams. Realize that most are preventable. With a bit of knowledge, you can avoid becoming a victim, avoiding fraudulent returns, phony calls and phishing swindles. Fraudulent returns The number of fraudulent returns is booming. Thieves use the Social Security numbers of unsuspecting Americans, file […]

Investigating the Advantages of Outsourcing Payroll

  As fulfilled and engaged as your employees may be with their jobs, if they have any issues with their paychecks, it won’t take long for them to become frustrated. Some companies have dedicated payroll departments and others find it useful to outsource this process to one of many companies that specialize in payroll. How […]

Big Changes Coming to Form W-4 — Maybe

Possible changes to the W-4 coming! — Maybe.. The proposed version of Form W-4 has a few more lines than the current one, and the questions are a little different. For example, the current version asks for the number of allowances. The proposed version asks for nonwage income not subject to withholding, itemized and other […]

Is This Your Situation: Trying to Gain Benefits From Outsourcing Payroll

Whether you’re a small-business owner or an HR professional in a larger company, managing payroll can be a real hassle. The rules and regulations surrounding payroll can be complex, and often vary from region to region. Outsourcing your payroll functions to a firm that specializes in payroll may sound like just another expense your business […]

The Difference Between Full-Service Payroll vs. In-House Payroll

Many small to mid-sized companies handle their payroll in-house. When budgets are tight and the employee roster is small, business owners often want to save the money they would otherwise spend on a payroll service. While this might prove to be a smart choice for some businesses, for others, the time spent on payroll matters […]

Bracket Changes and More From the IRS

You haven’t even filed your 2017 taxes yet, but the IRS has already announced changes that will affect your 2018 taxes, which you’ll be filing in 2019. The changes were announced in Revenue Procedure 2017-58, which runs 28 pages, but below are some key points. How do these changes impact you? Give us a call, and […]