Stipend Tax Treatment: Do Stipends Bypass the 50% Meal Rule?
Does a “stipend” avoid the 50% meal limit? Clear, practical guidance on stipends, accountable plans, and payroll risk from Giesler-Tran Bookkeeping. Stipends & Taxes — Why the Name Doesn’t Change the Rules Question submitted by Larry Grenevitch (Dynamic Marketing Collaboration). Answered by Giesler-Tran Bookkeeping — audit-ready, tax-smart bookkeeping for growing businesses. On the go? Listen on […]
Contractor vs Employee: Bookkeeping, Payroll & 1099s
How to Record Contractor vs Employee Payments On the go? Listen on The Deep Dive — where we dig deeper into this topic: ‘On the go? Listen on The Deep Dive — where we dig deeper into this topic: ‘Contractor vs. Employee_ The Deep Dive on IRS Risk, Bookkeeping Workflows, and Avoiding Massive Payroll Tax […]
Sales Tax for Small Businesses: Collection, Filing & Recordkeeping
Determine nexus (where you must collect), register with each state, collect the correct rate at the point of sale, accept and store resale/exemption certificates, and file timely returns. Keep detailed sales tax records and reconcile collected tax to deposits to avoid penalties. On the go? Listen on The Deep Dive — where we dig deeper into […]
Payroll Taxes & Filings: A Small Business Guide
Payroll taxes include employee withholdings and employer taxes (Social Security, Medicare, FUTA, state unemployment). Set up payroll software or a provider, reconcile payroll liabilities each pay period, deposit taxes on schedule, and produce W-2s and year-end filings. Missing deposits or filings leads to penalties and interest. On the go? Listen on The Deep Dive — where […]