All employees of the firm recieve a bonus at the end of tax season.  How much should an intern who has worked every day for the tax season get?
215592
When did you start working for them, how many hours a day, how many weeks? Is internship their category - leading to full time position? Or was this a short term position for an educational purpose (like a high school or collge class assignment)?
131332
It should be on your last corporate tax return.  Look at the upper lefthand corner.\n\nIt's the same as your EIN if you have that.
442059
If you work on a 1099, you pay self-employment taxes of 15.3%.  You'd pay half of that as FICA deductions if you were an employee, so to compensate for the extra you pay with a 1099, you'd have to make around an additional $12,000 to equal $150K for a W-2 employee.\n\nFringes like insurance depend on what you'd have to pay to get comparable individual coverage, and that depends on your family situation.  You'd have to check around in your area to see what it would cost you, then add that on to the $150K + $12K.  And don't forget items like vacation and sick days - as a contractor, you'll only get paid for the actual hours that you work.\n\nGood luck.
260096
Have him come pick up the check.  Hand him the W-9 at that time.  When he gives it back he gets paid.
476402
Generally, you must be "actively employed" at the time bonuses and commissions are paid.\n\nHaving said that, I think that you are eligible for both.\n\nThe bonus, since the payout is based on the calendar year Jan - Dec, 2006, and you were "actively employed during that period, and obviously contributed to whatever success the company had during that time, should be due and payable to you after March 31, 2007.\n\nThe commission, you invested time and effort into the sale, you were "actively employed" at the time of the sale, and if the customer paid the contract amount before you left, you would have received the commission.  I believe that you are entitled to that payout as well.\n\nCheck with the local Wage and Hour Division of the State Department of Labor to determine if you are eligible for the payouts, then ask the HR Department if you will be getting them.  If they say no, file a complaint at the Wage & Hour Division.
483855
How you file on your w-4 only tells your employer how much to take out for taxes. You are still required to file at end of year I am sure.
422792
the bonus will be taxed the same way as the rest of the income
671046
Customarily it's common to give at least a 2-week notice. As far as paid for holidays I only know of paying for vacation days left
498730
There's no single answer to your question, TaxMan. It largely depends on what YOU want to do. Do you want to prepare lots of tax returns for people with a wide variety of financial situations? Then working at a franchise might be good exposure. Do you want to prepare lots of complicated returns? Then working in a firm that specializes in more complicated tax issues would be a good idea.\n\nEither way, I do recommend you start with a firm before starting your own practice. You'll gain valuable experience working with clients, researching a variety of tax issues, and get used to the ebb and flow of the tax season.\n\nWhether you need a CPA or EA license is up to you. CPAs handle more complex issues and not just tax. CPAs can handle audits and all sorts of accounting issues. Getting an EA is a great first step, and you can always take the CPA test later if you need to.\n\nAs for what I do in summer months? Let's just put it this way, it is now November and I have more work to do now than I had back in July. How do I stay so busy? Well that's a secret I'm not sharing. But there are specializations in the tax industry that aren't as seasonal. Most independent firms will have several specialities that will help even out the seasonal workload.\n\nHope this helps.\n\nWilliam Perez\ntaxes.about.com
192461
Unfortunately the company is not liable. You are the one who signed the W-4 form. It is the individual who must determine what is to be withheld for Federal tax purposes. If not enough is being taken out of each paycheck, you may submit a new W-4 asking for an additional amount be taken for taxes, over and above the normal deductions (i.e. and extra $5 per paycheck).
256139
A good question.  Get IRS Publication 17.  An individual can give you up to $11,000.00 in a year and there is no tax implication on that amount.  The amount you can receive in a lifetime keeps changing; it used to be 300,000 but has changed.  It is now set at $345,800.00 for the year against a lifetime credit of one million dollars.
636859
If you incorporated, did you issue shares?  if yes how many to each?  What is your title in the corporation and what is his?\n\nYour incorporation papers should spell out your titles/duties\n\nIf not, draw up a list of what you will do and what he will do and make it an addendum to the incorporation papers.\n\nThen, \n\nYour wife is right, as the laborer , you should be paid for time spent on each job at fair market rates.   If you worked for a Harley Dealership fixing bikes, what would they pay you per hour?  That is your pre profit pay to yourself.\n\nThen determine his exact investment versus value of the business.  If he bought in for $10k and the business, if you sold it tomorrow is worth $30k then he is 33% owner and you are 67% owner and that is how profits at end of each month/quarter are split until the status or ratio of work to investment changes.
62146
You will have a hard time with the IRS come tax time with 1099 workers. Do they work with other firms? Do you set their hours? Are you in control of thier working conditions. Do they supply their own equippment or work solely with yours. The wrong answer to these questions will raise red flags at the IRS. If your 1099 workers don't pay their taxes you'll have hell to pay. You need workers comp.
104441
Keep in mind - as a contracter who is receiving a 1099, that 50/hr is much less.  One of the biggest reasons is that you have to cover your entire Social Security and Medicare taxes.  Normally as an employee receiving a W2, you and your employer split the cost of those taxes down the middle with each paying 6.2 % for Social Security and 1.45 for Medicare. Now that you are self-employed contracter you must pay the whole thing - 12.4 and 2.9 respectively.  \nAlso you must foot the bill for your own medical insurance, etc... often times employees are unaware that their employer subsizes up to 90 percent of these costs as well.
443551
Your taxes that are withheld from your pay are reported to you on a form.  In the US, it's a W2.  Your amounts will be reported exactly to you on your payslips.  You can compare the totals from the payslips with the totals on your W2.  If the totals match, the next step is to take the W2 to a tax accountant to determine how much refund you may have, if any.\n\nYour boss gets to do the same thing on a company-wide scale.  The company pays employment taxes, income taxes, sales taxes, and other taxes.  They then file returns and sometimes get refunds, just like you do.  The company refund belongs to the company, not to you.  If it's a really large amount, a particularly nice boss may give out bonuses (taxable to you!), but usually companies use windfalls to fund other aspects of the business instead.
349837
As an employer, I would like to say that it is VERY appropriate for an employee to ask if you'll be getting a bonus.  Shame on the company for not making sure the employees know where they stand, and where the company stands as far as profitability for the year (what most bonus's are based on).\n\nAn employee should never be hesitant to discuss their income with their boss.  Bosses are human, too, and it is natural to want to know what your income is to be.  Don't be afraid to discuss future raises, or an increase in compensation for increased responsibilities.  Employers aren't dumb enough to think you work there "just for fun."  On the other hand, if you haven't been keeping up your part of the bargain, don't be surprised if the answer is "sorry, no pay raises in the immediate future."
541755
Remember, the company has to make a profit too, and just the fact that you are recieving more than half of what the students pay for classes is more than generous on the companies account. They could have easily given you 20% and kept the rest for themselves.\n\nIt does not matter where you work, or that you are making 8 euros per hour, the point is that your boss is being more than generous by letting you keep 64% of the profit.