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  • Other Added - Payroll West Virginia, Unique Aspects of West Virginia Payroll Law and Practice

    Band-aids Don't Cure Stress
    The stresses of long working days are getting to Australian employees, with 25% saying they would like a plug-and-play room at work in order to partake in a bit of escapism during the work-day, A further 25% say they would like to see the introduction of a meditation room in the office in order to bring a bit of peace and balance back to their life. (1731 respondents to a survey by Australian human resources recruitment firm, Talent2).I’m all for anything that eases workplace stress and makes life at work more enjoyable. It’s also good to see the emphasis on achieving peace of mind to relieve stress, instead of the usual focus on physical activity, important though that is.However, putting recreation fa
    arleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum

    The Great Business Myths That Dominate Our Lives
    Myths—these unconscious or semi-conscious beliefs have a strong influence on how we orient our behavior and actions.The ones that seem to influence us the most are directed towards our personal lives. But, there are business myths that have a profound impact on our decisions. The problem arises when some of these myths are believed to be true when in actuality they maybe false or only partly true. The goal of this article is to explore some of these business myths and their accuracy.Let’s start with a business myth that is the outgrowth of the information society. That is--- INFORMATION IS POWER. If this is true, then the more information you acquire the more powerful you will be. While it maybe popular
    The West Virginia State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

    State Tax Department Capitol Complex, Bldg. 1, W417 Charleston, WV 25305 (304) 558-3333 (800) 982-8297 (in state) www.state.wv.us/taxrev

    West Virginia allows you to use the "WV/IT-104, West Virginia's Employee's Withholding Exemption Certificate" form to calculate state income tax withholding or federal form W4 if state and federal exemption are the same.

    Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In West Virginia cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

    In West Virginia supplemental wages are taxed at: Annual wages under $10,000 3.0%

    $10,000-$25,000 4.0%

    $25,000-$40,000 4.5%

    $40,000-$60,000 6.0%

    Over $60,000 6.5%

    You may file your West Virginia State W-2s by magnetic media if you choose to.

    The West Virginia State Unemployment Insurance Agency is:

    Bureau of Employment Programs 112 California Ave. Charleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum

    Managing the Bottom Line
    Managing a business is not as simple as one might think it is. As a matter of fact, in order for your business to succeed, one must exert extra effort. Also, you must always monitor the current condition of your business. In order to know how well your business is doing is by monitoring the monetary flow of your business. When we say "monetary flow" or more known by many as "cash flow", it represents the entire gross sales and revenues. Also, you must always keep track of your net income or "net profit" so as to know how to enhance the performance of your business.One of the essential factors in making your business successful is by creating a financial scheme and periodically checking its status against certa
    WV/IT-104, West Virginia's Employee's Withholding Exemption Certificate" form to calculate state income tax withholding or federal form W4 if state and federal exemption are the same.

    Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In West Virginia cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

    In West Virginia supplemental wages are taxed at: Annual wages under $10,000 3.0%

    $10,000-$25,000 4.0%

    $25,000-$40,000 4.5%

    $40,000-$60,000 6.0%

    Over $60,000 6.5%

    You may file your West Virginia State W-2s by magnetic media if you choose to.

    The West Virginia State Unemployment Insurance Agency is:

    Bureau of Employment Programs 112 California Ave. Charleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum

    Setting Up Your Chart of Accounts
    While installing your new accounting software you have most likely been asked whether you would like to use one of the default charts of accounts included with the program or develop your own. Unless you are very familiar with setting up a set of financial books you will want to choose from one of the selections offered. And even if you have the experience choosing one of the defaults will save you a great deal of time. But you may ask what if I don’t need all these accounts and how do I know which accounts I should keep. And should I use a numbering system or not? Let me help you by explaining just what a Chart of Accounts is and how to adjust the default list to your needs.First of all a Chart of Accounts in
    llows. In West Virginia cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

    In West Virginia supplemental wages are taxed at: Annual wages under $10,000 3.0%

    $10,000-$25,000 4.0%

    $25,000-$40,000 4.5%

    $40,000-$60,000 6.0%

    Over $60,000 6.5%

    You may file your West Virginia State W-2s by magnetic media if you choose to.

    The West Virginia State Unemployment Insurance Agency is:

    Bureau of Employment Programs 112 California Ave. Charleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum

    7 Critical Things Male Business Gurus Don't Tell You, But Every Woman Wants to Know
    Much of the business advice from male business gurus doesn’t quite cut it for women entrepreneurs. These gurus haven’t figured out how they advice is different for women. Plus, they’ve left out some parts all together!I’ve come to this conclusion after being a Corporate America drop out and starting my own business. I realized there was much to learn about building a business so started to seek out the knowledge and understanding I needed through books, seminars, teleseminars, and networking.Over time what I observed is that the conversations I was having with women entrepreneurs were often different than conversations I had with men. For example, I could be at a seminar and during the break chat wi
    000-$25,000 4.0%

    $25,000-$40,000 4.5%

    $40,000-$60,000 6.0%

    Over $60,000 6.5%

    You may file your West Virginia State W-2s by magnetic media if you choose to.

    The West Virginia State Unemployment Insurance Agency is:

    Bureau of Employment Programs 112 California Ave. Charleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum

    Businesses For Sale
    Defining one’s business accurately is the real starting point when talking about businesses for sale. It is the prime requisite for selecting the right opportunities and for steering the corporation in the right direction. To make sense out of the multifarious changes taking place in the environment, to understand what is a possible benefit and what could be a hidden threat, a corporation must first understand what business it is in. It must know what its aspirations are, where exactly it would like to reach and what it would like itself to be in the future.Proper definition of the business does bring several benefits to the firm. It reveals to the firm many relevant functions about its functioning which it ma
    arleston, WV 23505-0112 (304) 558-2674 http://www.wvbep.org/bep/uc/

    The State of West Virginia taxable wage base for unemployment purposes is wages up to $8000.00.

    West Virginia has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in West Virginia for a minimum period of four years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

    The West Virginia State Agency charged with enforcing the state wage and hour laws is:

    Division of Labor Wage and Hour Section Capitol Complex Building 3, Rm. 319 Charleston, WV 25305 (304) 558-7890 http://www.labor.state.wv.us/

    The minimum wage in West Virginia is $5.15 per hour.

    The general provision in West Virginia concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40 hour week.

    West Virginia State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

    • Employee's name
    • payroll address
    • Employee's address
    • Employee's social security number
    • Employer's name
    • Employers address
    • Employer's Federal Employer Identification Number (EIN)

    This information must be reported within 14 days of the hiring or rehiring. The information can be sent as a W4 or equivalent by mail, fax or electronically. There

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