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Confused by Quickbooks and other accounting programs? Feeling overwhelmed with receipts, bills and invoices? Need some help adding it all up?
Well, you’ve come to the right place!
We’re a bookkeeping company, based in the Longmont, Colorado area. Who's focus is on nurturing the needs of a small business and getting it to run like a well oiled machine. We offer a variety of services to help you make sense of the numbers behind your business and tighten up any lose ends that may have you in arrears.
If you add up our experience in adding it up over the years, we’ve helped out a wide range of businesses with payroll processing, payroll tax preparation and reporting, sales tax preparation and reporting, accounts payable, accounts receivable, monthly account reconciliations, monthly financial statements, human resource management, all in addition to the general administrative duties related to bookkeeping. Please see the Services link for a more detailed description of our long list of specialties.
IRS Q&A of the month:
If the IRS determines that an employee does not have enough federal income tax withheld, what will an employer be asked to do?
Answer:
If the IRS determines that an employee does not have enough withholding, we will notify you to increase the amount of withholding tax by issuing a “lock-in” letter that specifies the maximum number of withholding allowances permitted for the employee. You will also receive a copy for the employee that identifies the maximum number of withholding exemptions permitted and the process by which the employee can provide additional information to the IRS for purposes of determining the appropriate number of withholding exemptions. If the employee still works for you, you must furnish the employee copy to the employee. If the employee no longer works for you, you must send a written response to the IRS office designated in the lock-in letter indicating that the employee is no longer employed by you. The employee will be given a period of time before the lock-in rate is effective to submit for approval to the IRS a new Form W-4 and a statement supporting the claims made on the Form W-4 that would decrease federal income tax withholding. The employee must send the Form W-4 and statement directly to the IRS office designated on the lock-in letter. You must withhold tax in accordance with the lock-in letter as of the date specified in the lock-in letter, unless otherwise notified by the IRS. You will be required to take this action no sooner than 45 calendar days after the date of the lock-in letter. Once a lock-in rate is effective, an employer can not decrease withholding unless approved by the IRS.
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