One Billion

March 14, 2011

from one of those emails making the rounds… $1,000,000,000 How many zeros in a billion? This is too true to be funny.   The next time you hear a politician use the Word ‘billion’ in a casual manner, think about Whether you want the ‘politicians’ spending YOUR tax money.   A billion is a difficult [...]

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Pennsylvania Construction Employers with 1099 Workers

March 11, 2011

The law has taken effect February 10th, 2011. If you misclassify workers as independent contractors, you will face fines, and officers of companies that hire your construction company will face fines as well. The fines range from $1,000 to $2,500 per occurrence, so if you have 5 employees you are paying as 1099, the fines [...]

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Used cell phones

March 9, 2011

It is increasingly popular to buy good reconditioned cell phones for a few reasons. This economy has made people more cost aware, some people like a simpler phone with less frills, and there is better availablity because many companies have formed to buy old phones, refurbish and sell them. Here are the big players: www.ReCellular.com [...]

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ICE Auditing More Employers for I9 Compliance

March 7, 2011

More audits of employer is coming to check for I-9 eligibility forms for foreign workers. Last year, ICE levied almost $7 Million in fines for violations, just for paperwork errors, without any undocumented worker cases. So, make sure even though you don’t employ illegals, make sure your paperwork is in order. And the government reasons [...]

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Forecasts Are Looking Better

March 4, 2011

A greater willingness to spend by consumers and businesses leads economist to predict GDP will be 3.5% higher in 4th Qtr. 2011 than a year earlier. That would be the largest year over year jump since 2003. Things that could dampen growth: home foreclosures, cutbacks in state and local governments, European financial woes, Middle East [...]

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Independent Contractors

March 2, 2011

The key factor in determining if a worker can be treated as an Independent Contractor, or an employee, is CONTROL. As in, who has control over their work. The worker can be treated as an IC if they: provide their own tools and materials are not on a fixed salary pay rent to the business [...]

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Wisconsin Teachers

March 1, 2011

See how your employer stacks up against the Milwaukee public school district… They receive 74.2 cents of fringe benefits for every $1.00 of salary. Private companys average 24.3 cents. With benefits, teachers there earn $100,005. Social Security and Medicare taxes are the same. The district pays for the entire state pension contribution 13%. The district [...]

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Online Payroll and Accounting Has Dangers

February 28, 2011

For 24 hours last June, QuickBooks online service was unavailable because of a power outage at Intuit’s data center in San Diego. Although your computer can crash too, these online services are only as reliable as your internet connection or router are. Most payroll services today consist of the customer logging in online to process [...]

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Who’s Minding the Store?

February 26, 2011

See my Letter to the Editor in today’s Erie Times News! www.goerie.com/apps/pbcs.dll/article?AID=/20110226/OPINION02/302269998/-1/ETN

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Election Sparked Confidence in Economy

February 25, 2011

Stock markets are up. The markets are still rising because there is confidence that corporate profits will continue. 80% of CEO’s (Business Roundtable) expect sales will increase in the 1st half of 2011. 60% plan to spend more, 45% will add to payrolls. Small business confidence hit a 3 year high in January. Manufacturing purchasing [...]

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