02.05 2012

The Low Down on Tips

If your staff receive tip income, here’s what you need to know about your reporting requirements:

Tips are taxable – Cash or not, tips are subject to federal income, and Social Security and Medicare taxes.
Tips must be reported – Employees are responsible for reporting tips to their employer. Employers are responsible for reporting tip income to the IRS, and for withholding federal income, Social Security and Medicare taxes.
Tips are easily recorded – The IRS offers form 1244, Employee’s Daily Record of Tips and Report to Employee, to help employees and employers record tip income.

Visit the IRS website if you want to learn more about requirements for reporting tip income.

01.24 2012

Sianita, we’ll miss you!

EJK would like to announce the departure of our long-time staff member and friend, miss Sianita Natalia. After 6 years of dedicated, detailed, and unparalleled work, Sianita will be returning to Indonesia to jump start a career at home, and spend time with her family. Although we will miss her support, her smile, and her love of food and good friends, we wish her the best of luck for the future!

Sianita Natalia will be leaving EJK Accounting and Tax Services in Janaury 2012.

Sianita and Staff, 2011 Office Party

Help us send Sianita off with a bang – share your stories and compliments by leaving a comment below.

01.10 2012

2012 Tax Deadlines

For everyone who’s looking to start the new year off right, check out the tax filing dates below. Don’t forget to talk to your tax preparer about gathering information needed to complete these filings.

Deadlines for Businesses and Non-profit Organizations

January 31, 2012 – W-2’s due to employees; 1099’s due to contractors/investors/others
February 29, 2012 – W-3 and 1096’s due to IRS
March 15, 2012 – Corporate tax returns or filing extension due to IRS
May 15, 2012 – Non-profit tax returns or filing extension due to IRS

Deadlines for Individuals

April 17, 2012 – Individual tax returns or extension due to IRS

If you are unsure of your filing requirements, visit the IRS website to determine your obligation.

10.28 2011

Join the Circus

On Thursday, November 17^th, 2011 the Service Board will hold its 16^th annual Soiree. In true circus fashion, the Soiree will showcase amazing feats, magical performances, and lively tunes from the Service Board and its amazing youth.

Guests will enjoy dinner provided by the Leary Traveler, live performances, and both live and silent auctions. EJK and staff will be there to support this amazing organization. Don’t miss out on all the fun!

*Since 1995, the Service Board has empowered youth to overcome obstacles and build strong community through snowboarding, public service, and a curriculum of social justice.