Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900

Returning Value Blog

Murry Guy, CPA

Recent Posts

The IRS Updated its 2018 Withholding Tables

Posted by Murry Guy, CPA on Feb 09, 2018

Is your employer withholding enough in taxes?

Full Story

Posted in Individual Tax

2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

Posted by Murry Guy, CPA on Nov 09, 2017

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year.

Full Story

Posted in Tax Planning

6 Ways To Control Your Unemployment Tax Costs

Posted by Murry Guy, CPA on Aug 01, 2017

Unemployment tax rates for employers vary from state to state. Your unemployment tax bill may be influenced by the number of former employees who’ve filed unemployment claims with the state, your current number of employees and your business’s age. Typically, the more claims made against a business, the higher the unemployment tax bill.

Full Story

Posted in Business Tax

3 Reasons To Outsource Your Business's Bookkeeping

Posted by Murry Guy, CPA on Jun 23, 2017

As a small-business owner have you ever considered outsourcing your bookkeeping services?  Here are 3 good reasons why you might consider outsourcing this function.

Full Story

Posted in Accounting & Outsourcing

Accelerated Due Date for Form 1099-MISC

Posted by Murry Guy, CPA on Jan 18, 2017

Business owners beware

Several filing deadlines have changed beginning this month. Under the 2015 PATH Act, beginning with forms filed in 2017, Forms 1099-MISC, used to report non-employee compensation must be filed on or before January 31 of the year following the calendar year to which such returns relates. And those returns are no longer eligible for the extended filing date for electronically filed returns. (Code Sec. 6071(c)) View 2017 filing instructions for Form 1099-MISC.

Full Story

Posted in Accounting & Outsourcing

Does Your Business Require You to File a Form 1099-MISC?

Posted by Murry Guy, CPA on Nov 14, 2016

Form 1099-MISC: is an Internal Revenue Service (IRS) tax return document that covers reporting for a wide range of payments made to non-employee individuals (e.g., independent contractors) over the course of the year on behalf of your trade or business.  Personal payments are not reportable.

Full Story

Posted in Accounting & Outsourcing

Complying with the New Overtime Pay Rule

Posted by Murry Guy, CPA on Oct 14, 2016

The “final rule” on overtime pay, long anticipated by the business sector, was issued by the U.S. Department of Labor (DOL) this spring. However, changes in the regulations do not formally take effect until December 1, 2016. Because of that, employers still have time to make the adjustments necessary to be in full compliance.

Full Story

Posted in Business Advisory

New Overtime Regulations Signal Big Changes for Employers.

Posted by Murry Guy, CPA on Jul 20, 2016

If you’re an employer with full and part-time employees, get ready for potentially big changes in how certain employees may be entitled to overtime pay. The ramifications of new governmental regulations could have a sizeable impact on your bottom line—and if you’re an employer that’s affected, it may not take long to feel the bite.

Full Story

Posted in Business Advisory

Recent Posts

Returning_Value