• Beyond Accounting

January 2019 Newsletter

Updated: Jan 24, 2019








HAPPY NEW YEAR!

Happy New Year - We’ve Moved! We want to wish you the happiest of New Years! Also,

we wanted to let you know that we’ve moved! Our new address is:


Hein Online Business Center,

2350 North Forest Road, Suite 18A, Getzville, NY 14068

Minimum Wage Increases

Starting January 1, 2019 minimum wage will be increasing to $11.10. Tipped employees

will stay at $7.25. We will automatically raise any employee who is currently paid

under $11.10.


2019 Tax Provisions

401 (K)..................................................................$ 19,000

401 (K) Catch-up (over 50)...................$6,000

Sep IRA..................................................................$56,000

Simple IRA.............................................................$13,000

Simple IRA Catch-up (Over 50)..........$3,000

Traditional or Roth IRA...................................$5,500

IRA Catch-up (Over 50)..............................$1,000

HSA – Single..........................................................$3,500

HSA – Family........................................................$7,000

Gift Tax Exclusion............................................$ 15,000

Social Security Wage Base.....................$132,900

Social Security Tax Rate..........................................6.2%

Medicare Wage Base.....................................No Limit

Medicare Tax Rate......................................................1.45%


Accountant Updates

Dara will be on vacation from January 4th to January 13th. She will be back in the office on Monday January 14th.


Upcoming Tax Season

We highly encourage ALL Business Clients to get your financial information for 2018 to us ASAP. Please use paper clips and NOT staples. Required Documents include but aren’t limited to:

  • Bank Statements

  • Check Stubs or Images

  • Credit Card Statements for each Credit Account

  • Loan and/or Line of Credit Statements

  • Cash Receipts (sort and group by how paid)

  • Payroll Reports (if applicable)


Upcoming Deadlines

  • Monthly Payroll Taxes: Due Jan 15, 2019

  • Monthly Sales Tax: Due Jan 21, 2019

  • Monthly Payroll Taxes: Due Feb 15, 2019

  • 4th Estimated Tax Payment: Due January 15, 2019

  • Quarterly Payroll Reports: Due January 31, 2019

  • Annual Form 1099’s: Due January 31, 2019


Accountant Info

Dara Lis is an IRS Registered Tax Return Preparer: The IRS does not endorse any particular individual tax return preparer. For more information, go to www.IRS.gov.


Kelly Koch is a Certified QuickBooks Pro Advisor: If you or someone you know needs assistance with

QuickBooks, please contact us!

STAY INFORMED

© 2019 Beyond Accounting | Created by Megan Rechin Custom Communications

TEL: 716.362.0474