The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
News · 3 min read ·
Payroll Deposit Schedules
The Internal Revenue Service has very specific rules for when payroll taxes must be deposited. This schedule is determined by the amount of tax reported on form 941 during the 4 quarter lookback period. The dates of t…
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News · 2 min read ·
Paycheck Date Versus Pay Period Date
There sometimes is some confusion between pay date and pay period. This blog will explain the difference. An employer decides the pay period they will have when hiring their first employee. The typical pay periods are…
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News · 2 min read ·
Networking Matters Fundraiser Event
It's that time again! Networking Matters is hosting a business mixer with proceeds benefitting local charities. This is the fourth event we've hosted, and we are looking forward to another great evening. This year's e…
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News · 2 min read ·
Support and Accountability
Tomorrow afternoon I am leaving the office for a business retreat where a number of women entrepreneurs get together to plan our goals for the new year and how we are going to accomplish them. We also have the chance…
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News · 3 min read ·
Contractor VS Employee Part 5 (Type of Relationship)
In the last few posts I've been discussing the factors the IRS uses to determine if a worker is a W2 employee or a 1099 contractor. If you missed them, you can find links at the bottom of this post. The final factor t…
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News · 3 min read ·
Contractor VS Employee Part 4 (Financial Control)
The last few posts discussed the cost of hiring an employee versus a contractor and I started to discuss how the IRS determines if a worker is an employee or a contractor. If you'd like to read the previous posts, see…
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News · 3 min read ·
Contractor VS Employee Part 3 (Behavioral Control)
In the last two posts I discussed the usual costs associated with hiring an employee and a quick overview of the guidelines the IRS uses to determine if a worker is an employee or a contractor. If you’d like to read t…
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News · 2 min read ·
Contractor VS Employee Part 2 (Determining Factors)
In the last post I shared some of the costs you incur when hiring an employee. If you missed the post, you can read it here: /?p=1001 Today I'll discuss some of the factors the IRS uses to determine if the worker shou…
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News · 2 min read ·
Contractor VS Employee Part 1 (Costs)
Many business have looked at the cost of hiring an employee versus a freelance worker and have decided to classify them as a 1099 worker to save money. Unless the worker actually qualifies under IRS and state guidelin…
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News · 5 min read ·
Important 1099 Information - How To Fill Out Forms
In the last post, I discussed the exceptions to the 1099 rules. If you missed the post, you can read it here: /?p=982 . Today I'm going to explain how to properly fill out the forms required by the IRS. There is a lot…
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News · 2 min read ·
Important 1099 Information - Exceptions
In the last post, I shared some basic information on who is subject to report, as well as who is subject to receive form 1099-MISC. If you missed that post, you can find it at /?p=976 . There are exceptions to the rul…
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News · 2 min read ·
Important 1099 Information - Who Should Receive?
As business owners, we are required to file 1099 forms for vendors we've paid if the purchases and those who have been paid fall into certain categories. These forms are due to the recipient by January 31, and to the…
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