Architects & Engineers Articles -
Year End Payroll Issues
December is the month for our business clients to determine their employees’ additional income for payroll purposes. These additions may be reported to the payroll service before year end. Typical adjustments include payments for the following:
- value of stock compensation,
- educational assistance,
- qualified transportation expense,
- unsubstantiated business expense reimbursements,
- personal use of auto,
- group term life insurance,
- S Corporation health insurance,
- Certain disability insurance, and
- Other taxable fringe benefits.
We are having a seminar on year end payroll taxes on November 19, 2004. Please contact us for further information.
Find out how our expertise in accounting for architects and engineers can add value to your business. Email us or call us at 1 (888) 875-9770.
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