Presented by Lori K. Bianco, CPA, CGMA of BiancoCPA
Payroll compliance is a daunting task. Getting is right can mean significant tax savings. Getting it wrong can mean substantial penalties and interest.
Wednesday, November 20, 2013
Registration and coffee 8:00 am to 8:30 am
Program 8:30 am to 10:00 am
MAComb-OU INCubator at the Velocity Collaboration Center
6633 Eighteen Mile Road
Sterling Heights, MI 48314
This primer is designed for those looking to understand the basics of Federal and Michigan payroll tax compliance. Participants will gain a better understanding of how entrepreneurs should manage payroll … for themselves and for their employees. The workshop will cover these topics:
ü What’s the difference between a W-2 employee and a 1099 subcontractor?
ü How does a company register with the IRS and the State of Michigan as an “employer”?
ü What taxes do employees pay and what taxes do employers pay?
ü What monthly, quarterly, and annual forms are employers required to file?
ü When are payroll tax payments due and how do employers pay them?
ü Can I use QuickBooks ® to run payroll?
ü What services do payroll processors provide?
ü How do owners take a payroll in LLCs versus S-Corporations versus C-Corporations?
ü How much should owners pay themselves?
ü What other issues should employers consider?
Lori is a Certified Public Accountant and a Chartered Global Management Accountant, as well as being an entrepreneur herself. She is a graduate of Walsh College of Accountancy and Business Administration and has held positions in public accounting and in private industry in the manufacturing sector before founding her own practice in 1997. She is currently "Director of Perfect Service" at Bianco and Company PLC ("BiancoCPA") with offices in Sterling Heights and Novi.
Lori most enjoys the teaching aspect of her profession and welcomes opportunities to impact the success of businesses, no matter how small. She shares her expertise via, among others, her Executive-in-Residence position at the Macomb-OU INCubator, her workshops sponsored by the Macomb County SBTDC at Velocity and the AICPA's participation in the Veteran's Fast Launch Program virtually. She currently holds Board positions at several local non-profit organizations and volunteers her time mentoring young people about money management, financial responsibility, and the challenges and rewards of entrepreneurship.
To register for this free event, please visit www.eventbrite.com/event/9168941551 or contact BiancoCPA at (586) 255-7175.