Name: Mark Fearon, CPA, Director of Accounting Services
Posts by Mark Fearon, CPA, Director of Accounting Services:
Are you having trouble staying current with payroll taxes?
March 27th, 2012Do you process your own payroll? If so, do you ever find it challenging to stay current on the filing and payment of your payroll taxes? If so you are not alone. In 2008, the Government Accountability Office estimated that 1.6 million businesses are behind on paying their payroll taxes. It estimates that collectively, these businesses owe approximately $58 billion in payroll taxes. And, the recession may have made those delinquent tax numbers even worse. Read the rest of this entry “
Want Some Good Business News? BWC Base Rates Reduced 4 Percent
July 22nd, 2011The Ohio Bureau of Worker’s Compensation’s board of directors recently approved a four percent reduction in workers’ compensation base rates for private employers. The new rate became effective July 1, and will result in a collective cut in premiums of around $65 million for Ohio businesses. The new rates will be reflected in the next BWC payroll report. Read the rest of this entry “
Balloon Mortgage Payment Coming Due for Your Business? Consider SBA Commercial Mortgage Refi
June 17th, 2011The U.S. Small Business Administration (SBA) is accepting currently accepting applications for a commercial mortgage refinancing program that was created as part of the Small Business Jobs Act. Read the rest of this entry “
Are You Celebrating National Small Business Week?
May 18th, 2011May 16-20 is National Small Business Week, and several organizations are providing materials, events and other tools to help small businesses. Read the rest of this entry “
Can the IRS now audit my QuickBooks files?
November 10th, 2010In your next IRS audit, don’t be surprised if the agent requests a copy of your QuickBooks files instead of your printed general ledger. The agency has purchased 1,100 user license agreements for the software program and recently completed training its agents on the software. The IRS can also accept Peachtree accounting software files. Read the rest of this entry “
What rules have changed regarding credit reports?
June 11th, 2010On April 2, the Federal Trade Commission implemented new rules that require websites advertising free reports to direct consumers to the government-approved www.annualcreditreport.com. On September 1, television and radio ads must do the same. Read the rest of this entry “
Can My Organization Earn A Tax Credit For Paying Employee Health Insurance Premiums?
June 2nd, 2010If your small business or not-for-profit pays at least half the cost of single coverage for employees, it could be eligible for a tax credit of up to 35 percent of the premiums it pays in 2010. Read the rest of this entry “
