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february 2020

2/1/2020

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Whew -- the January rush is (finally) over, and I am ready to get on with the February work of reviewing and wrapping up 2019.  This month will be all about getting everything complete and tidy for tax preparation.

A couple of notes of interest...

The AIPB (American Institute of Professional Bookkeepers) states that even though the IRS does not require it, you may want to ask for (not demand) a new W4 from your employees for 2020 to avoid any possible year-end tax surprises.  The IRS Advisory Council recommends that all employees be asked to file a new W-4.  I feel that this is something they should complete at home so they can have their personal information at hand and have some privacy.

For Payroll Clients -- depending on the payroll service plan you are on, I would like to make you aware that there are some changes in the works, and especially that there are additional services available for you and your employees if you are interested, including health care plans, 401Ks, HR services, workers comp, donation matching, etc.  It's a good time to be making changes and get 2020 off to a good start!  Please feel free to ask me if you're interested in anything.

Finally, I plan to post whenever there is something I feel is important to share to keep you informed about changes and issues that may affect you.  I am also going to try out sending this via newsletter.  I promise to try to keep the posts and newsletters short, sweet, and infrequent.   Please sign up if you are interested.

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    Your friendly neighborhood Bookkeeper here, with news, tips, and information for you and your business.

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