| To withhold tax from 1099 contractors you need to set up an account with Electronic Federal Tax Payment System(EFTPS) www.eftps.com. |
Backup withholding from contractor |
Max Retirement Contributions |
For 2011 the maximum employee elective deferrals to 401(k) or 403(b) plans is $16,500. If you are over age 50, the maximum with a catch up contribution is $22,000. |
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Marc Barnes has handled our bookkeeping and payroll for several years. He came highly recommended, and has exceeded our expectations. Communication is very important to any business and Marc has excelled at providing fast, timely, and concise answers to our accounting questions posed to him.
Our business has had the pleasure of sharing office space with Marc, and it was a great experience. It is a pleasure to work with someone who is knowledgeable, friendly, and focused on providing excellent service for his clients. Pactics LLC is an international small business, based in Tucson, Arizona. -- Piet Holten, Pactics LLC. |