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The BookKeeper Did it
Lets salute the bookkeepers of America. Sometimes you don't need an accountant -- and can just use a bookkeeper. .. Note: that these BKs are sometimes know as Accountant Clerk, but I think they are more than that -- that they are unsung heroes..... Today's professional bookkeeper (as opposed to bookkeeping clerk) is expected to know... that Joe's health insurance is tax-free, but Alice's must have federal income tax and Social Security tax withheld; that $25,000 of the purchase price of an SUV pickup truck or van may be written off it weighs over 6,000 pounds or weighs less and is specially modified?and when these vehicles do (or do not) come under annual IRS depreciation limits; how much the company v. employee can contribute to Bob's 401(k) and Jane's SIMPLE IRA?and the special rules for including a Roth IRA to a 401(k) starting in 2006; that when Jill worked 40 hours, then worked all day Saturday?after being specifically ordered not to work?she must be paid overtime that the free weekend at the company-owned (or paid for) fishing cabin is taxable income to Bill ...and this is the easy stuff. .................................................. have you used a Bookkeeper yet?