We formed a small family partnership to handle our parent's finances and care. In the first year we issued only 2 payroll checks and withheld all of the payroll taxes.
In December of the next year they issued only 1 payroll check but did not withhold any of the payroll taxes. How do I handle the W-2 form and the quarterly reports for both the federal government and the state of California.
The previous three quarters I filed the necessary payroll reports with the "No Payroll" boxes checked but I'm not sure what to do now.
When a salaried worker goes on vacation and only takes about 3 1/2 hours off, how is it calculated on the payroll? For instance the person makes $3800.00 per month or $1900.00 per half month. How would the calculation be for payroll?
I have never done bookkeeping for a C-corp and I want to make sure I am paying a salary correctly. What is the best way to pay the only employee/CEO? There are a few shareholders (and he is one of them) but he doesn't want to take this money as a dividend. It should be his salary for the work he does. Can he be an independent contractor, or is that not legal or ethical? thanks
We recently were involved in a payroll scam. We print the actual checks on a special printer with our clients routing number, account number and business name. This new client gave us someone elses bank number and they were getting money out of their account. We can't verify their banking information and we can't verify their FEIN number so how do we check to make sure who we hire on as a client is not going to scam us and that they are who they say they are?