Adjusting Paycheck Bookkeeping Question

by Laura
(Florida)

Adjusting Paycheck

How do you adjust a paycheck amount for payroll reconciling purposes only?

In my books the paycheck issued has an amount but my client gave the employee a different amount.

I've already reported the paycheck amount to the IRS so I don't want to change it but I cannot reconcile since both amounts are different?

Payroll Benefit In Kind

by Ann
(Essex)

Payroll Benefit

A sales manager joins a company and has a company car with payroll benefit in kind and earns $40,000 salary a year. How much will his monthly deductions be?

Paycheck Withholding

by Nancy
(California)

Paycheck Withholding

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.

Thank you for any help you can offer.

Payroll

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?

Payroll

What is the best way to record and process a payroll check that has been return from the bank from non-sufficient funds, and the employee is requesting a new check.

Thank you

Payroll Cash

by Connie
(Rocky, AB, CAN)

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When a company has their payroll account at another institution besides their main account, how do you record the entries??

Payroll Expense Question

Payroll Information Violation

by Cathy D
(New York)

What rights do you have with the regards to taking action when a bookkeeper shares your payroll information with your coworkers?

Payroll Service

by Jim
(Colorado)

Is a Payroll Service considered a Professional Fee or a Payroll Expense?

Hello Jim,

Thanks for your question.

Payroll services are typically considered as a fee rather than a payroll expense.

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Payroll Withholdings

Payroll withholdings are likely to be classified as?

Hello,

Payroll withholdings are generally classified as either an expense or a liability.

Employer based payroll withholdings are classified as an expense.

Employee based payroll withholdings are classified as a short term liability.

"Payroll" for a C-corp

by sarah
(Utah, USA)

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

Verify a payroll client

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?

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