Restaurant Industry News

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Articles from The Insider’s Report archives go back over several years. Some articles may include date-sensitive information or other information that has changed over time.
Please consult with your advisor or Kallas Company for updated information or if you have any questions.

We know December may be a busy month for you but January and December are also the biggest months for your accounting and tax deadlines so it is best to try to be organized and prepared.

1. Ask your employees to review the information on their check stubs before year end.  Especially social security numbers, name spelling and addresses.  An incorrect social security number can cause several hundred dollars in penalties for each instance plus rejection of your W-2’s.

2. Give us any missing or corrected employee information.  That includes addresses, names, social security numbers.

3. Contact Kallas with any information on bonuses, taxable fringe benefits, auto reimbursements, health insurance premiums or any other information that will be needed to produce W-2’s.

 

 

 

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