Now is the time to prepare to send W-2s
It’s hard to believe, but 2017 is rapidly coming to a close, which means tax season is approaching. One of the important year-end tasks is preparing to send W-2s in January. As was the case for the 2016 tax year, employers again have an earlier deadline to file W-2s with the Social Security Administration. All forms […]
Sparkmon & Associates goes to college
Always looking to continue hiring the best and the brightest, Sparkmon & Associates, CPAs, has hit the college circuit this fall to attend various career fairs. We have been impressed with the caliber of students we have met, and hope to see some of them again soon!
2017 NBMOA Convention
Her loss is her gain
Rachel Commerford has lost a lot this year – nearly 30 pounds. Last summer, Rachel and her family moved to Florida. Making that transition shined a light on something that had been bothering her for some time. “I was just feeling blah all the time. Moving to Florida, I noticed that everybody is outside all […]
Restaurant owners could soon face new scheduling laws
If recently passed legislation is any guide, employers in the restaurant industry across the country could be facing restrictive regulations on scheduling employees for work. The state of Oregon passed a statewide scheduling law this summer that many observers expect will become the template for other states to follow. The Oregon bill would impact the […]
Health care legislation: Comparison of Senate, House health care bills
It’s not quite a tale of two cities, but below is a breakdown of two competing health care bills being considered by Congress. The Republican-led U.S. House of Representatives and the Republican majority in the Senate have both released healthcare bills designed to overhaul the Affordable Care Act, also known as Obamacare. The House bill, […]
Rebecca Guthrie: Building relationships to better serve our clients
For Rebecca Guthrie, it’s all about relationships. Rebecca has been a staff accountant at Sparkmon & Associates, CPAs, for a year, having begun her tenure with the firm in July 2016. As a staff accountant, Rebecca does a little bit of everything, from doing monthly accounting work for clients to preparing tax returns and financial […]
Final responsibility for payroll taxes lies with employer
Many of our clients contract with a payroll service provider to take care of payroll tax filing responsibilities. It is important to remember, though, that the ultimate responsibility for withholding income tax and both the employer and employee portions of Social Security and Medicare taxes lies with the business owner. While most payroll service providers […]
Proper documentation protects you and your employees
With a renewed focus on immigration enforcement by the federal government, now is a good time for employers to make sure all employee records and hiring practices comply with the law. A recent article in Nation’s Restaurant News examining the impact the current political environment could have on immigration and restaurant operators quoted Dani Bennett, a […]
Get credit where credit is due
The federal government offers certain small business incentives for hiring at-risk employees in hopes of giving those workers a more solid footing in pursuing careers. One of those tax credits – the Work Opportunity Tax Credit – is aimed specifically at employees from the following targeted groups: Long-term family assistance recipients; Qualified recipient of Temporary […]