Archives

Mar
31
2015

Reminder: Payroll Taxes & DES Reporting

With 1st quarter payroll reports due in April, we would like to remind you of the Arizona Department of Economic Security (DES) reporting requirements.

In Arizona, most employers are required by law to pay unemployment tax on the first $7,000 in gross wages paid to each employee in a calendar year. Any wages paid to an employee over $7,000 are deemed “excess” wages and are not taxed. You must report to DES all wages paid when preparing your report.

Mar
07
2015

Stale-dated checks: What to do with them?

You have just finished reconciling your bank statement and you notice that a check you wrote six months ago has still not cleared your bank account. What do you do about it?

First, determine if it is a live check or not (such as an automatic withdrawal or credit card charge).  Make sure that a replacement check was not cut or an order cancelled.  If a replacement check was cut, then void the outstanding check.