Sentences with phrase «use of payroll taxes»

He's also reportedly examining ways to reduce the state's reliance on income taxes, possibly by greater use of payroll taxes, which remain fully deductible in the federal tax system.

Not exact matches

They are aware of the methods business owners use to legitimately and illegitimately take money from corporate coffers without inflicting payroll tax liabilities.

Depending on the level of outsourcing used, these could include payroll and payroll taxes, workers» compensation, insurance and other requirements.

We used Bank of America's payroll system to try to save costs, but our tax issue could have been prevented by using a third party payroll provider that automatically submitted payroll tax payments.

Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income tax in order to help residents hurt by new limits on deductions of state taxes from federal returns, under a sweeping overhaul of the U.S. tax code passed in late December.

Robert Mujica said the governor will propose a payroll tax credit program that businesses could use instead of the state and local income tax system.

The payroll tax has proven to be vulnerable in the suburbs to the «I don't use it» criticism (unwarranted, in my opinion, given the integrated nature of the downstate regional economy).

Most New Yorkers recognize that it was Senator Skelos» leadership that allowed us to enact a property tax cap, eliminate the MTA payroll tax for thousands of businesses and all schools, rightsize state government, expand the DNA databank to help prosecutors fight crime, mandate life without parole for anyone who kills a first responder and increase penalties for criminals who use illegal guns.

Businesses, though, would be held harmless by lowering the salaries of employees, using those savings to fund the payroll tax expenses.

Cuomo has floated the idea of big changes to the state's tax code, including a new tax on certain investment income and a payroll tax, which could be used to replace some or all of the state's income tax.

Cuomo had promised to provide details in Tuesday's budget address about his proposal for a new payroll tax and a novel use of charitable contributions to help offset a new federal cap on the deductibility of state and local taxes.

Zeldin also rode a wave of Tea Party support in 2010, and in a campaign announcement video sounded many of the same themes as Gov. Andrew Cuomo, the popular Democratic governor: imposing a property tax cap, repealing a tax on business payrolls used to fund the Metropolitan Transportation Authority and restructure income tax rates at the end of 2011 to trim rates for many middle - income earners.

Lorigo also claimed that his party applies its alleged principles of smaller government and lower taxes when picking candidates, but a 2012 Buffalo News profile of the party entitled, «Conservatives flock to the public payroll; Many party players hold jobs that rely on government's ability to tax and spend,» clearly outlines how the Lorigo machine uses its party endorsements simply to gain power and influence, not help the taxpayers of Erie County.

Budget Director Robert Mujica says the governor will propose a payroll tax credit program that businesses could use instead of the state and local income tax system.

The members of the two organizations that plotted that Town Hall stunt are aggressively uninterested in other things, too: the MTA payroll tax on New York City - commuter counties, «illegals» using area emergency rooms, questions about the moral rightness of Peter King's American - Muslim - radicalization hearings in Congress, and generally footing the bill for other people's stuff.

A Cuomo administration budget official said the proposed payroll tax also could be used to raise more revenue by seizing some of the tax cuts promised to corporations and the wealthy under the federal tax law, as a way to shore up state finances.

A 401 (k) is a tax - friendly retirement plan that allows employees to use payroll deduction to contribute a portion of his or her income to the account.

Establishes an additional child credit of $ 2,500, used to offset income and payroll taxes.

If you are comfortable using programs such as Excel, or Quicken, or TurboTax, or TaxAct etc, then taking care of payroll taxes on a nanny's wages all by...

If you use a payroll deduction plan through your employer, your contribution is also free of Social Security and Medicare taxes.

This payroll tax is made up of Social Security and Medicare taxes, which are used to ensure that those government programs remain funded.

It is better than the British Columbia tax swap (BC uses the carbon tax money to reduce the payroll tax, but half of the people are not on a payroll, so its effect is uneven, being favorable mainly to middle - income employed people).

If the government do want to give businesses access to better lines of credit a much better way would be to by - pass the banks and use the created money to allow them to defer their corporation and payroll tax payments.

Many conventional economists, along with some of the few conservatives who take climate policy seriously, favor a «tax shift»: using the carbon tax revenue to reduce other taxes, preferably «distortionary» taxes like payroll or income.

none of these proposals say much about how effective any of these taxes will be and they try to seduce us with the offer of income tax deductions — it is reasonable to assume it is just another way to pay off bloated and overpriced city payrolls while using the cover of innovation.

But generating new government dollars isn't their purpose; indeed, distributing revenues from carbon taxes as carbon dividends, or using them to reduce or phase out existing (and onerous) taxes like payroll taxes in revenue - neutral «tax shifts or swaps,» is built into many carbon tax proposals, most of which the Carbon Tax Center strongly supportax shifts or swaps,» is built into many carbon tax proposals, most of which the Carbon Tax Center strongly supportax proposals, most of which the Carbon Tax Center strongly supporTax Center strongly supports.

A whole good idea would be to make a payroll - tax holiday the first step in an orderly transition to scrapping the payroll tax altogether and replacing the lost revenue with a package of levies on things that, unlike jobs, we want less rather than more of — things like pollution, carbon emissions, oil imports, inefficient use of energy and natural resources, and excessive consumption.

Larson would use most of the income to reduce people's payroll taxes: We tax your carbon sins and un-tax your payroll wins.

• Accurately processed payroll as well as monitored vacation / benefit accruals independently • Actively managed wage garnishments and processed termination checks • Accepted accountability for the overall teamwork and stood responsible for meeting the deadlines • Assisted HR department with compensation and benefits for payroll related tasks like processing benefits premiums, wage ceilings, long term disability claims, life insurance, group health insurance, fringe benefits, and overtime pay analysis • Assisted internal and external auditing procedures related to payroll by following company standards and policies • Monitored and reviewed complete payroll accounts for verification of accuracy and in case of any discrepancies made appropriate corrections and updates, at the end of every month • Communicated effectively with all staff responding to their requests and inquiries related to payroll information • Correctly made payroll related general ledger journal entries for each record • Created and dispersed payroll vouchers to the company employees every month on the pay day • Created benefit audits and reports for terminated / retired employees • Maintained perfect reconciliations of balance sheet accounts related to the payroll • Executed special research projects regarding payroll management and for detailed analysis of financial facets of payroll • Gave suggestions to the management for the policy and procedure updates and refreshers related to payroll management and its financial aspects • Organized and maintained outstanding payroll checks and lists in coordination with the HR department • Managed contacts and communicated regularly with all the internal and external stakeholders ensuring effective flow of information • Organized files, accounts, ledgers, records, employee books for payroll documents and other related purposes • Prepared SDLs — Salary Distribution Journals and other distribution journals every month for payroll accounts • Processed and prepared corporate payroll using Pay Expert Application, managing all paperwork for the wire transfers and generated return funds • Processed payroll changes for new hires and terminations ensuring accuracy and timeliness of the process • Proficiently used PRG (Millennium) payroll and TMx labor scheduling software applications for effective payroll management • Resolved all issues related to payroll tax payments and reported after every pay run making sure that all filings were accurately represented by the tax service provider • Reconciled tax payments for federal, state and local payroll as well as returns for multiple authorities on monthly basis.

• Perform general and specific accounting calculations using 10 - key calculators and copy machines • Maintain and balance company books • Handle employee payroll services by calculating salaries and superannuation • Prepare periodic accounting reports and assure their correctness • Assure mathematical accuracy of all posted entries • Classify and summarize numerical and financial data for record maintenance purposes • Perform debit, credit and totaling activities on accounting systems and spreadsheets • Recognize and report discrepancies in accounting data and perform reconciliation duties • Monitor loan and advance statuses and prepare and deposit checks for payment of utility bills • Complete and submit tax forms on timely basis • Calculate and issue bills, invoices and account statements

An example of a combination statement might be, «To use my existing account posting skills and tax experience to develop new payroll processing expertise.»

HIGHLIGHTS OF QUALIFICATIONS * Strong background in many areas including: petty cash, general ledger, financial statement preparation, account analysis, month - end closing full cycle accounts payable, 1099s regulatory compliance, calculate weekly payroll, sales & use and personal income tax, and report preparation.

I use to own my own company and I, unfortunately, had a brain annuerism and a stroke after about 5 years from starting that and I chose not to pay myself and, because of that, I was turned down for any benefits from the Social Security system because I could not show them any qui recent payroll payments that were also reducing my payments by Social Security payments of tax.

Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nevada, recently issued the following statement on a congressional plan to raise fees charged by Fannie Mae and Freddie Mac and use them to help pay for an extension of this year's payroll tax cut through 2012: