| 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 at Copper Canyon Tax and Financial Services has been the bookkeeper for my business almost from the beginning. And for the last two years, he has done my payroll. What I like best about Copper Canyon Tax is how Marc is constantly trying to find ways to make interaction between our companies as easy and user friendly as possible. Marc never answers questions as if I know tax laws or studied accounting. He explains things in a way I can understand. I would recommend Marc to anyone who needs accounting services.
--Pat McCracken Jr. HTS BEES LLC |