President of PayrollonaBudget.com, Recently Interviewed on 'Heartbeat of America,' Offers Tax Tips
Lewisville, TX (ContentDesk) December 21, 2005 -- December marks tax time again for small businesses and, as such, many business owners are turning to the Internet in search of ways to reduce the painful bite they are about to experience. One such Web site is PayrollonaBudget.com. Recently featured on the news television series, "Heartbeat of America," this Web site provides business owners with helpful tips, advice and services to legally cut their business' payroll and taxes. During his interview, Charles J. Read, President of PayrollonaBudget, was asked to discuss problems that business owners face in handling their payroll while maintaining compliance with the country's burdensome tax regulations.
The eight-minute episode aired November of 2005.Read is now offering several tips to the public on how to avoid paying estimated income tax and estimated tax penalties."For those business owners who haven't yet made the estimated tax payments they should have made and are looking at penalties on their 1040 there is still a way out," he says. "You know that the IRS says you have to pay estimated taxes on income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You have to make quarterly payments and if you have not made them on time there are penalties even if there is no tax due. "What you may not know is the IRS treats all W2 withholding as if it is made ratably through out the tax year," he adds. "So if you pay your entire tax liability the last day of the year as Federal Income Tax Withholding (FIT) you have no problem with penalties due to the underpayment of estimated taxes.
If you can have your payroll increased, you can run it up to the amount necessary to cover any missing estimated payments and have the entire amount deposited as FIT withholding. That withholding will show on your W2 as if it had been made through out the year. Even if you cant increase your payroll at will, you still can take the last or last several payrolls and have all the wages withheld to cover any short estimate payments for the year."Read also notes that a number of high income individuals make only a yearend payroll run to cover their entire estimated liability for the year. It is perfectly legal, he says, I have seen it done for many years. This way the taxpayer is not giving the IRS use of his money for the year.
It is one more tactic to reduce overall cost of taxes. The money is not even due to the IRS in 2006 until the third or fifth of January and some not until the 31st of January. If you have estimate taxes due during the year and you can manage your cash flow you are better off investing that money during the year and paying only when you have to through FIT. Invest the money and dont give an interest free loan to the IRS."For more tips and advice regarding payroll and taxes he suggests visiting his company's website at http://www.PayrollonaBudget.com.About PayrollonaBudget.com:PayrollonaBudget.com is an outgrowth of RMARK Services Inc., a company that has been in the small business payroll service offering payroll solutions since 1991. It is member of the Better Business Bureau and is not a CPA firm.
The founder and current president of the company is Charles J. Read. He is a CPA with a BBA and MBA from the University of North Texas. He is also a long time Rotarian, a treasurer of the Dallas Rotary Club, and a member of the Lake Cities Chamber of Commerce and the American Payroll Association. In addition he teaches school as a volunteer at the Lake Dallas High School.
Media Contact:Charles Read972-353-0000.
HRAmerica releases “Top HR Trends in 2006” Report
Charlotte, NC (ContentDesk via HRMarketer) May 3, 2006 - HRAmerica, an HR outsourcing firm offering comprehensive employee administration solutions, has announced plans to release the Top HR Trends in 2006 to provide HR professionals with essential information on outsourced services providers management and trends."Trend reports are vital ammunition for HR professionals, said Stephen Boyd, a member of HRAmericas executive board. Arming the HR community with timely, high quality data is powerful and often differentiates top HR managers from their competition.
We see providing these reports as an important link to our clients and a way for
HRAmerica releases “Top HR Trends in 2006” Report 
Payroll > HRAmerica releases “Top HR Trends in 2006” Report
Ascentis' HROffice Chosen as HR Component to Execupay's New Mid-Market Payroll Solution
Ascentis' HROffice has been named as Execupay's high-end human resources "companion" to its new mid-market payroll solution, PlatinumPay.net. The single source platform provides companies with a 100% web-accessible and SQL-based payroll, HR and benefits management solution.
Execupay's president, Gerald Stowers says, "We chose HROffice as our HR companion for PlatinumPay.net because of its synergized technologies, ease-of-use, and comprehensive functionality. Now, Execupay's payroll service bureaus are positioned to gain the competitive edge and effectively compete with the big players in today's payroll marketplace." Mike Hayes, vice president of sales and marketing at Ascentis continues, "As Execupay's preferred HR and benefits management partner, this is a unique channel distribution opportunity for us and one that secures our mid-market vision to offer a single source solution of HR, benefits and payroll through our channel partners."????????
Lorri Cochrane, president...
Payroll > Ascentis' HROffice Chosen as HR Component to Execupay's New Mid-Market Payroll Solution
Time Shaving Abuses
Fords NJ (ContentDesk) April 7, 2004 -- Documentation is the best defense against the payroll abuse known as time shaving. So said Norman Heinle, President of Datamatics, Inc. in response to a front page story in The New York Times dated April 4, 2004 which detailed recent instances of time shaving at a number of leading companies.Time shaving occurs when managers reduce the number of hours worked by employees, sometimes with a few quick keystrokes on a computerized record. According to the Times article, time shaving has occurred over the last few years in several well known businesses, including Toys "R" Us, Pep Boys, Taco Bell, Wal-Mart, and Family Dollar. Such conduct is patently illegal, and the companies profiled in the story had policies in place forbidding the practice.What causes this increasingly common problem is the intense pressure on managers to control costs and increase productivity, especially in industries that are historically low margin.
Adding to this pressure...
Time Shaving Abuses
Payroll > Time Shaving Abuses
TALX Launches New Learning Solutions Aimed At Reducing Unemployment Costs For Employers
TALX Corporation (Nasdaq:TALX), a leading provider of human resource and payroll related services, today announced the launch of new electronic-based learning solutions that deliver training to front line management as part of TALX UC eXpress unemployment cost management services.These new learning solutions provide employers with on-demand, training capabilities for their first-level management. Designed to help employers further reduce their unemployment costs, these solutions include the convenience of desktop learning with the ability to track progress and effectiveness of the training. These comprehensive and systematic learning solutions enhance the skills needed at critical places within an organization to improve efficiencies and increase margins."Controlling unemployment costs is everyone's job," says Ed Chaffin, president of TALX UC eXpress. "Whether you're a manager working at the headquarters location or a front line supervisor, it is critical to understand the unemployment...
TALX Launches New Learning Solutions Aimed At Reducing Unemployment Costs For Employers
Payroll > TALX Launches New Learning Solutions Aimed At Reducing Unemployment Costs For Employers
Hampden Group, Inc. Announces Launch of New Corporate Website
Scottsdale, AZ(ContentDesk) (ContentDesk) December 23, 2005 -- Hampden Group, Inc., (OTC: HPNG), a financial services company specializing in sub-prime loan programs, today announced that it has launched HampdenGroupInc.com, a new corporate website designed to provide the latest information about the company, the services provided, and the people in charge.
The site also features:* A broad overview of the company including a fact sheet, historical timeline, the management team, the board of advisors and the companys mission and values.* A comprehensive review of the services offered, including consumer cash advances, vehicle title loans, third-party financing programs for auto dealerships, and cash advance outsourcing service for Professional Employer Organizations (PEOs), employers and payroll processing companies.* A newsroom section containing all the latest press releases issued by the company, press coverage, industry related news, and a calendar of events.* A section...
Payroll > Hampden Group, Inc. Announces Launch of New Corporate Website
Inflation Fears Fuel Small Business Pessimism
CHICAGO, IL (ContentDesk) June 19, 2006 -- Small business confidence appears to be waning because of inflation fears, according to a survey by SurePayroll, the nations largest online payroll service provider for small businesses.Small Business Owner Optimism PlummetsFrom May to June, small business confidence, based on the number of small business owners describing themselves as optimistic about the economy, dropped a surprising 24%. Weve seen slow hiring and rising salary costs in recent months, leading indicators of an inflationary environment, says Michael Alter, president of SurePayroll. But we had no idea how radical the effect would be on the spirit of the small business owners. Many have quickly gone from the height of optimism to believing the bottoms falling out and thats scary. Based on the June survey, 59% of respondents indicated they are optimistic about the economy, whereas the balance of respondents (41%) declared that they are pessimistic about the economy. Thats...
Inflation Fears Fuel Small Business Pessimism
Payroll > Inflation Fears Fuel Small Business Pessimism