Thursday, November 28, 2013

Happy Thanksgiving!

On this day we give thanks for the many blessings we all have in our lives. I am thankful first to our Lord for loving us even as we are his enemy and the scourge of sin remains with us, but we have the blessed assurance that if we believe in him we will be washed white as snow when we stand before the father. I am thankful for our United States where the dreams of our forefathers still resound loudly throughout the streets of America and as we may never have a perfect union, we strive for life, liberty and the pursuit of happiness for all. I am thankful for my wife who has dedicated her life to me, our children, and our new little (well not so little) German Shepherds. Her love for us is a daily reminder of the commitment she made when we stood before God and vowed to love each other until we live no more. I am thankful for my sons who I cherish daily and though they may not realize it, I am in profound honor to be called their father and I strive each day to live up to the responsibility which God has placed in my hands. I am thankful for my family, who have shown me love and demonstrated christian discipleship in the home. I am thankful for my friends, my clients, my employees, and my neighbors. Today I give thanks to all and pray that The Lord of mercy and strength will sustain us all and wrap his loving arms around us and protect us from the storms of life until we reach those beautiful shores of roads paved in gold and worship in thunderous acclaim at the feet of the master. May almighty God bless you and keep you and may his face always shine upon you. 

Monday, November 11, 2013

2014 Tax Deposit Requirements

We have many clients receiving notices from the Internal Revenue Service in reference to the tax deposit requirements for 2014. Normally clients are required to make their federal tax deposits the 15th of the month following the payroll month, but when your annual tax deposits reach $50,000 in the look-back period, the IRS requires that taxes be paid semi-weekly. This means that tax deposits must be made within three business days of the posting of payroll. For example, if you have payroll posted to your employees on Friday, then your payroll taxes are due by Wednesday of the next week. These requirements are not negotiable and significant penalties may be assessed for not meeting the requirement. Please be on the look-out for these letters and forward to them as soon as possible.

If you not a client of Saggio Accounting+PLUS and have questions about payroll or payroll taxes, feel free to contact us for more information. As a full-service accounting firm, we prepare payroll in-house for our clients.

Thursday, November 7, 2013

Does your QuickBooks file take a long time to open?

This is commonly caused by having multiple windows and/or reports open within QuickBooks which must be loaded each time you open your file. To speed up the time it takes to open your file, you can change your settings in your preferences to not save your Desktop View when exiting.  Doing so will close all the open windows/reports you have open when exiting QuickBooks. 

Closing all your windows/reports close on exit helps QuickBooks open quickly and prevents reports from becoming corrupt.

To change the setting in your preferences select Edit>Preferences>Desktop View.  Select Don't save the desktop and click Okay.