Employee Tip Requirements

Let’s face it Tips have to be reported for your employees. But what are the rules regarding the tips? The tips need to be reported on a Form 4070, Employees Report of Tips to Employer (PDF) or on a similar statement. These reports are crucial to your business. They help capture the tips for reporting […]

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Avoiding Those IRS Notices Only Makes It Worse.

Each year you get W-2s, 1099s, K-1s, and other tax papers. These papers report your income, interest, sales, dividends, retirement income, IRA withdrawals, etc. Remember to take all these papers with you when you get your taxes done. When you forget one and do not report it on your return, it may raise a red […]

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5 Tips To Improve Payroll

We are a service oriented company. MD Bookkeeping & Internet Services LLC strives to meet your business needs by providing a full range of payroll and benefit administration services. We have the ability to let you run payroll from anywhere. We also have a variety of time clocks that can integrate into your payroll. We […]

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