QuickBooks has released payroll update 21301. This update contains the 2012 Form 940 and 2012 Form W-3 and W-2 information needed to process your yearend tax reports. It also contains a new payroll item called Medicare Employee Addl Tax which is required for 2013. As you have probably heard this additional Medicare tax is on [...]
Bryan Chandler of JamisonMoneyFarmer PC has been elected as vice chairman and chairman elect to CPAmerica International’s board of directors. CPAmerica International is a member-driven association of large independent CPA firms. Bryan R. Chandler, Managing Shareholder of JamisonMoneyFarmer PC in Tuscaloosa, Ala., has been elected to the vice chair/chair-elect position. Chandler joined JamisonMoneyFarmer (JMF) in [...]
Leighanne Faught has been elected to serve as Vice Chair of the Alabama State Board of Accountancy for the 2012-2013 term. Leighanne was appointed by Governor Robert Bentley, and confirmed by the Senate, to the Alabama State Board of Public Accountancy earlier in 2012. “Leighanne’s election is great external recognition of the leadership skills that [...]
“Carl is the right man to lead this organization because he understands the importance of the private sector in growing and sustaining Alabama’s economy,” said Business Council of Alabama President and CEO William J. Canary. “His commitment to education will also serve us well as we continue to forge a permanent business and education alliance [...]
If you have employees in states other than Alabama, you may have a FUTA Credit Reduction due to unemployment loan interest not being repaid timely from the state to the federal government. A list of those states and the credit reduction follows. These amounts will be added back to the Form 940 on 940 Schedule [...]