BA Harris LLP

Do I Need a Will?

Published on Tuesday, August 02, 2011

Recently, my wife and I engaged a local attorney to draft our wills and various estate documents. We are in our mid-thirties, in good health, and thanks to the decrease in real estate values, have very little net worth. Although many might argue that drafting these documents was a waste of money, I strongly believe all adults should have wills, powers of attorney, and medical directives in order to plan for the uncertainties of life. Read More...

Hiring New Employees and Tax Credits

Published on Wednesday, July 13, 2011

Hiring new employees? Contact Us to See if You Qualify For a Tax Credit Read More...

Quickbooks and 1099s

Published on Friday, January 28, 2011

You can use the 1099 feature in QuickBooks to create a summary report of the vendors that are eligible for Form 1099-MISC. There are several steps that are necessary for this report to generate the correct information.  Read More...

New FICA/Payroll Tax Withholding for 2011

Published on Tuesday, January 18, 2011

As you begin to prepare your first payroll checks of the new year and make your 941 deposits you may notice a difference in the Fica amounts. Since we can all remember, the employer portion and employee portion of FICA has always been the same amount, but beginning in 2011 this has changed. Employees have received a 2% increase to their net paycheck courtesy of the U.S. government. The amount withheld from employee paychecks for FICA is now 4.2%, while the employer portion continues to be 6.2%. So as you prepare payroll for 2011 and begin to make those payroll deposits for 2011 take note of this change. If you use Quickbooks to process payroll and have downloaded the payroll update for 2011 this change will be reflected in your software via the update. As always, please do not hesitate to contact us with any questions we can answer on this or any other issues or concerns that arise. Read More...

California Franchise Tax Board and Mandatory Electronic Payments

Published on Friday, January 07, 2011

California has passed a law requiring individuals to remit all future tax payments electronically once they either make an estimated tax or extension payment in excess of $20,000 or file a tax return reporting total tax in excess of $80,000. Read More...