Knowledge Base
June
1
Payroll Tennessee, Unique Aspects Of Tennessee Payroll Law And Practice Tennessee has no State Income Tax There for there is no State Agency to oversee withholding deposits and reports There are no State W2's to file, no supplement wage withholding rates and no State W2's to fileNot all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows In Tennessee cafeteria plans are taxable for unemployment ...
June
1
Payroll New York, Unique Aspects Of New York Payroll Law And Practice The New York State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of Taxation and Finance New York State Income Tax Bureau WA Harriman Campus Albany, NY 12227-0125 (800) 225-5829 (in state) wwwtaxstatenyus/New York requires that you use New York form "IT-2104, Employee's Withholding Allowance Certificate" or a Federal W-4 Form for New York State Income Tax WithholdingNot all states ...
May
31
Accounting Police: Do They Exist? Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules There is, up to a point, and here is how it works:Mainly, it’s all voluntary and it works pretty ...
May
22
Setting Household Budget Priorities If you are going to set up a household budget, you're going to need to prioritize your spending You simply cannot buy everything you want You have to purchase the things you really need firstSo, how do you separate your "wants" and "needs" so your household budget will be successful?To set up a household budget you will need to do three activities:- List your income - List your expenses - Set priorities and make changes so ...
April
23
Finding An Accredited Debt Consolidation Credit Counseling Agency Your financial integrity is extremely valuable and if you need help getting back on track the best people to go to for debt consolidation credit counseling is a professional, accredited agency There are so many options that you can take to sort out your debts that it may seem overwhelming and a debt consolidation credit counseling service can help you to decide which is the best route for you to take A debt consolidation credit counseling agency will go through your ...
March
25
The Various Types Of Loans Out There There are many types of loans available in the market today Depending if you are seeking some knowledge or information on the various products out there, a little research helps With the booming economy many consumers are seeking refinancing loans to get some money out of their residence Home equity loans have been very popular over the last few years or so However, you definitely want to find out what sort of interest rate you are receiving on your money ...
March
23

Asset Management 101

Posted by: Category: Finance
Asset Management 101 Asset management is the method that a company uses to track fixed assets It is the process of controlling assets throughout their lifecycle - from procurement, through daily operations, and finally disposal Factory equipment, desks, chairs, computers, and property are some examples of such assets Broadly speaking, asset management involves tracking the physical location of assets, managing demand for scarce resources, and accounting tasks such as amortization Issues that are part of asset management include asset value and depreciation; purchasing requests, orders, and asset receipts; licenses, leases, ...
March
15
10 Cons Of An International Credit Card Credit card fraud is a fast increasing crime in the world International Credit Card holders are mostly the victims of this unauthorized access to their accounts Let's take a closer look of the problems faced by international credit cards 1 Repetitive use of credit card numbers After a credit card number has been used and disregarded, say cancelled, credit card companies would reissue the same number to other cardholders The personal identification numbers (PIN) is changed as well as the credit ...
March
11

What Is A Wage Garnishment?

Posted by: Category: Finance
What Is A Wage Garnishment? A wage garnishment is a legal procedure through which a percentage of a person's earnings are withheld by an employer for the payment of a debt Most wage garnishments are made by court order Other types of wage garnishments are of legal or open procedures made by the IRS or state tax collection agency levies for unpaid taxes and federal agency administrative garnishments for non-tax debts owed to the federal government Wage garnishments do not ...


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