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    <title>MBA News - Deductions</title>
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    <description>Deductions</description>
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    <pubDate>Sun, 05 Feb 2012 03:30:04 GMT</pubDate>
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    <item>
      <title>IRS Tax Form Instructions</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/4/default.aspx">Employees</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/8/default.aspx">HR Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/154/IRS-Tax-Form-Instructions.aspx</link>
      <description><![CDATA[

IRS Tax Form Instructions

Form 1040 Basics
Helpful IRS Tax Form Instruction Information
Taxes! It’s a word no-one likes to hear—but something we all have to pay. IRS tax form instructions are available online and will help make the process as painless as possible when it’s that time of the year. 
There is some basic knowledge to keep in mind that will help you when looking for IRS tax form instructions.
IRS tax forms are used by tax-exempt organizations and taxpayers to report financial information to the IRS. They are used to report income and calculate the taxes that need to be paid to the United States.
 
Form 1040 Basics
 
The most well-known and widely filed form is the Form 1040. This form is used for individual income taxes. It is used for personal income tax returns filed with the IRS. The first form was published for use in 1913. Any full-time United States resident can use the Form 1040 (also referred to as the “long form”).
People with no ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Sun, 09 Jan 2011 00:04:00 GMT</pubDate>
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    <item>
      <title>Charitable Donation Form - What To Look For</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/8/default.aspx">HR Outsourcing</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/118/Default.aspx</link>
      <description><![CDATA[
Charitable Donation Form - What To Look For  

    Sections
    
     Tax Exempt or Tax Deductible Charitable donation
    
     Letter of Determination
    
     Deducting Charitable Contribution Form Tips
    
     Tax Exemption Categories

One benefit for businesses supporting worthwhile causes is the ability to sometimes be able to take a federal income tax deduction. There are many things you should know when considering charitable donations and reviewing charitable donation forms. When you have the chartitable donation from in your hands, keep in mind the Council of Better Business Bureaus offers some helpful tips to help you decide which charitable organizations to support:
 
Tax Exempt or Tax Deductible Charitable Donation
 
·         “Tax exempt” does not always mean “tax deductible.” Tax exempt organizations do not have to pay income taxes. Contributions to some tax exempt organizations may be deductible. You can determine tax  ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Fri, 01 Oct 2010 15:49:00 GMT</pubDate>
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    </item>
    <item>
      <title>Figure payroll withholding taxes</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/100/Figure-payroll-withholding-taxes.aspx</link>
      <description><![CDATA[ 
Figure payroll withholding taxes
To figure payroll withholding taxes, just follow this guide of steps to take and links to resources.

    Employees’s Gross Pay
    Minus Required Payroll Tax deductions (including any voluntary deductions)
    What’s left is the net pay.

 
 
Required Payroll Tax Deductions
 
Since the payroll taxes have to be withheld from your employees’ paychecks, it’s important to understand the different kinds of mandatory withholdings:

    Federal Income Tax (based on the withholding tables based on the Fed’s Publication 15)
    
    Social Security tax withholding (6.2%, up to the annual maximum for that employee)
    Medicare Tax (1.45%)
    Any applicable state income tax
    Any applicable local tax withholdings (like state unemployment insurance, city, county, state disability)

 
Voluntary Payroll Deductions
Voluntary payroll deductions are ones where the employee has previously agreed to the deductio ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
      <comments>http://www.mbahro.com/News/tabid/110/entryid/100/Figure-payroll-withholding-taxes.aspx#Comments</comments>
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      <pubDate>Wed, 11 Aug 2010 22:39:00 GMT</pubDate>
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    <item>
      <title>Employer’s portion for payroll taxes</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/99/Default.aspx</link>
      <description><![CDATA[ 
Employer’s portion for payroll taxes
 
 
After paychecks are sent to employees, your work is only half done. Here’s and explanation of, and how to calculate, the employer’s portion for payroll taxes. These employer taxes are above and beyond your employees’ gross pay.
 
The employer’s portion for payroll taxes includes these elements:

    Social Security (6.2% up to the annual maximum per employee)
    Medicare Taxes (1.45% of wages)
    Federal unemployment taxes (FUTA)
    State unemployment taxes (SUTA)

 
Note: Social Security and Medicare Taxes are commonly referred to as FICA taxes (Federal Insurance Contributions Act). These are paid for by both the employers and the employees in identical contribution amounts.
 
In addition to covering the employer’s portion for payroll taxes, read our other article to figure payroll withholding taxes.
 
 Modern Business Associates is an HR company that focuses on payroll and HR outsourcing.  As a Profe ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Thu, 05 Aug 2010 22:37:00 GMT</pubDate>
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    <item>
      <title>Introduction to pay deductions covered by the Fair Labor Standards Act (FLSA)</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/5/default.aspx">Laws</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/18/Introduction-to-pay-deductions-covered-by-the-Fair-Labor-Standards-Act-FLSA.aspx</link>
      <description><![CDATA[Introduction to pay deductions covered by the Fair Labor  Standards Act (FLSA)

The Fair Labor Standards Act (FLSA) establishes, among other things,  federal standards for minimum wages and overtime pay that employers are  required to follow. 
Unless a specific minimum wage and overtime exemption applies, employees  must be paid at least the applicable minimum wage for each hour worked  and overtime for any hours in excess of 40 hours worked in the workweek.

Employees who do not qualify for an exemption are commonly referred to  as "nonexempt employees" and those employees who do qualify are referred  to as "exempt employees."

Risks

The issue of improper deductions applies to all employees, both  nonexempt and exempt. An improper deduction from either is a violation  of the FLSA law and such violations can result in investigations by the  United States Department of Labor (DOL) and/or expensive and  time-consuming litigation. 
As an employer considering taking deductions from any employee's wages ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
      <comments>http://www.mbahro.com/News/tabid/110/entryid/18/Introduction-to-pay-deductions-covered-by-the-Fair-Labor-Standards-Act-FLSA.aspx#Comments</comments>
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      <pubDate>Mon, 19 Apr 2010 21:07:00 GMT</pubDate>
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    </item>
    <item>
      <title>Pay Deductions Quiz: Uniforms for a minimum wage employee.</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/5/default.aspx">Laws</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/15/default.aspx">Quiz</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/19/Default.aspx</link>
      <description><![CDATA[Pay Deductions Quiz: Uniforms for a minimum wage employee.

You hire a minimum wage employee to work as a cashier at your auto parts  store. The employee signs an agreement to have $20.00 deducted from her  first check to cover the cost of a uniform. You then, as agreed upon,  deduct $20.00 from the employee's first check to cover the cost of the  uniform.

Have you violated any Fair Labor Standards Act (FLSA)  requirements?

Here, you have violated the FLSA's requirement that a nonexempt employee  be paid the minimum wage for each hour worked. It makes no difference  that the employee agreed to the deduction. Because the employee is a  minimum wage employee, there was nothing that could legally be deducted  from the employee's wage to cover the cost of the uniform.  Any  deduction puts the employee below the minimum wage level.
 
Feel free to visit the main page we’ve created for Articles on Payroll Services.
Modern Business Associates frequently deals with payroll issues.  As a Profession ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Fri, 16 Apr 2010 21:09:00 GMT</pubDate>
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    <item>
      <title>Pay Deductions Quiz: Hourly employee drops the computer! Can you get them to pay up?</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/3/default.aspx">Uncategorized</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/22/Pay-Deductions-Quiz-Hourly-employee-drops-the-computer-Can-you-get-them-to-pay-up.aspx</link>
      <description><![CDATA[Pay Deductions Quiz: Hourly employee drops the computer! Can  you get them to pay up?

Your new hourly front desk staff employee is paid $1.00 per hour in  excess of the required minimum wage and works 40 hours in the workweek.  The employee drops his laptop and breaks a piece off. Your existing  policies require employee responsibility, so you  deduct $50.00 from the  employee's weekly paycheck.

Have you violated any Fair Labor Standards Act (FLSA)  requirements?

Yes.  Under the FLSA, the employer could theoretically deduct up to  $40.00 to cover some of the loss because the employee has earned $40.00  in excess of the required minimum wage during the workweek. However,  once the employer has deducted any earnings in excess of the minimum  wage, no further deduction can be made without violating the FLSA.

Modern Business Associates frequently deals with payroll issues. As a  Professional Employee Organization, our clients rely on us to help them  effectively deal with these kinds of topics includi ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
      <comments>http://www.mbahro.com/News/tabid/110/entryid/22/Pay-Deductions-Quiz-Hourly-employee-drops-the-computer-Can-you-get-them-to-pay-up.aspx#Comments</comments>
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      <pubDate>Tue, 13 Apr 2010 21:13:00 GMT</pubDate>
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    </item>
    <item>
      <title>Pay Deduction Quiz: Aprons for the hardworking cook.</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/15/default.aspx">Quiz</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/25/Default.aspx</link>
      <description><![CDATA[Pay Deduction Quiz: Aprons for the hardworking cook.

A cook earns $10.00 per hour and works 45 hours in the workweek.  Therefore the cook will have wages of $400.00 in regular pay and $75.00  in overtime pay. The employer reasons that the cook earns well above  minimum wage and decides to deduct $5.00 from the cook's weekly paycheck  for a replacement apron and hat although the cook has not agreed in  advance to the deduction.

Have you violated any FLSA requirements?

Probably. Note that the deductions may not cut into any pay for overtime  hours.  Deductions made during weeks when overtime is worked will be  particularly scrutinized to ensure that the employer is not attempting  to evade the overtime requirements of the FLSA.

Modern Business Associates frequently deals with payroll issues. As a  Professional Employee Organization, our clients rely on us to help them  effectively deal with these kinds of topics including deductions and  minimum wage issues.
]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Tue, 06 Apr 2010 21:16:00 GMT</pubDate>
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    <item>
      <title>Pay Deductions Quiz: Uniforms for a minimum wage employee.</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/15/default.aspx">Quiz</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/32/Default.aspx</link>
      <description><![CDATA[Pay Deductions Quiz: Uniforms for a minimum wage employee.

You hire a minimum wage employee to work as a cashier at your auto parts  store. The employee signs an agreement to have $20.00 deducted from her  first check to cover the cost of a uniform. You then, as agreed upon,  deduct $20.00 from the employee's first check to cover the cost of the  uniform.

Have you violated any Fair Labor Standards Act (FLSA) requirements?

Here, you have violated the FLSA's requirement that a nonexempt employee  be paid the minimum wage for each hour worked. It makes no difference  that the employee agreed to the deduction. Because the employee is a  minimum wage employee, there was nothing that could legally be deducted  from the employee's wage to cover the cost of the uniform.  Any  deduction puts the employee below the minimum wage level.
Modern Business Associates frequently deals with payroll issues.  As a Professional Employee Organization, our clients rely on us to help  them effectively deal with these kinds ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
      <comments>http://www.mbahro.com/News/tabid/110/entryid/32/Default.aspx#Comments</comments>
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      <pubDate>Sun, 28 Mar 2010 22:30:00 GMT</pubDate>
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    </item>
    <item>
      <title>Tax credits mean good news for employers!</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/5/default.aspx">Laws</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/37/Default.aspx</link>
      <description><![CDATA[Tax credits mean good news for  employers!  
 
On March 18, 2010 President Obama  signed  into law the Hiring Incentives to   Restore Employment Act (HIRE Act).  The HIRE Act carries two   significant tax incentive components for employers:  a Social Security  tax  forgiveness and a retention tax credit.  The first starts  immediately for  employers hiring qualified employees through the  remainder of 2010 and the  second can be earned by employers who retain  qualified employees for a minimum  of 52 consecutive weeks.  The  following is an overview of how both incentives  work.
 
Social  Security  Tax Forgiveness:
Employers will receive a 6.2%  Employer  Social Security Tax Exemption on wages paid to “qualified employees”   after March 18, 2010 and before January 1, 2011, up to the Social  Security  maximum of $106,800.  The maximum credit per qualified  employee is $6,621.  To  be a qualified employee the new employee must:
·     &# ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Wed, 24 Mar 2010 02:47:00 GMT</pubDate>
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    </item>
    <item>
      <title>Payroll deductions should include state income tax and payroll insurance deductions</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/4/default.aspx">Employees</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/3/default.aspx">Uncategorized</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/41/Payroll-deductions-should-include-state-income-tax-and-payroll-insurance-deductions.aspx</link>
      <description><![CDATA[Payroll deductions should include state income tax and payroll  insurance deductions

As a Professional Employee Organization, our clients ask us to handle  their payroll responsibilities including two of the most talked about  deductions: their state income tax and payroll insurance deductions.
The state income tax is part of the statutory payroll tax  deductions.

As required by law, statutory Payroll Tax Deductions are payroll taxes  that must be withheld from your employees paycheck. You must hand these  withholdings over to the multitude of tax agencies on all levels of  government.

    Local tax withholdings (city, county, or school district taxes,  state disability or unemployment insurance).
    State income tax withholding
    Federal income tax withholding
    Social Security tax withholding
    Medicare tax withholding

The payroll insurance deductions are part of the Voluntary  Payroll Deductions

Voluntary deductions pay for various benefits which the employee has  chosen to parti ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Thu, 18 Mar 2010 02:52:00 GMT</pubDate>
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      <title>You make the call: Is this gas station employee non exempt, vs exempt?</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/4/default.aspx">Employees</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/15/default.aspx">Quiz</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/47/Default.aspx</link>
      <description><![CDATA[You make the call: Is this gas station employee non exempt, vs  exempt?
Two decisions from different federal appellate courts illustrate the  potential uncertainty in classifying an employee as an exempt employee.  You make the call: Is this gas station employee non exempt, vs exempt?
In Thomas v. Speedway SuperAmerica, LLC1, the court pondered whether  the store manager of a chain of gas station-convenience stores was  properly classified as an exempt employee.

The key issue in the case was whether the employee's primary duty was  management.

    She spent approximately 60 percent of her time on non-managerial  tasks such as stocking merchandise, sweeping floors, cleaning  bathrooms, operating the register and clerical duties.
    However, she also hired, trained, disciplined, scheduled and  evaluated employees.
    She recommended increases, most of which were approved, and  terminated some employees without prior approval from her district  manager.

Is this gas station employee exempt?
Based  ...]]></description>
      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Fri, 12 Mar 2010 04:00:00 GMT</pubDate>
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    <item>
      <title>Employer Payroll Taxes – How to stay out of trouble</title>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/14/default.aspx">Deductions</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/4/default.aspx">Employees</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/9/default.aspx">Payroll Outsourcing</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/16/default.aspx">Taxes</category>
      <category domain="http://www.mbahro.com/news/tabid/110/categoryid/3/default.aspx">Uncategorized</category>
      <link>http://www.mbahro.com/News/tabid/110/entryid/49/Default.aspx</link>
      <description><![CDATA[Employer Payroll Taxes – How to stay out of trouble

Many growing companies have questions like, “How do employer payroll  taxes work?” At Modern Business Associates, many of our small clients  come onboard with our payroll processing to let us handle their entire  payroll processing burden, which includes payroll taxes. Our systems are  set up to ensure your business does not get into trouble by missing  withholdings or taking the wrong amounts.

As background, you should know that employer payroll taxes are  the state and federal taxes that you, as an employer, are required to  withhold and/or to pay on behalf of your employees. 

After having each new employee complete their IRS form W-4, we’ll use  this information to calculate the amount of federal income tax to  withhold from the employee’s wages. Most all of the states have income  tax structures that are based on the federal blueprint, so you will use  the same W-4 to calculate the amount of state income tax to withhold as  well.
 
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      <dc:creator>MBAHRO</dc:creator>
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      <pubDate>Thu, 11 Mar 2010 04:03:00 GMT</pubDate>
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