Money Matters

Want to learn more about the people "Behind the Numbers"? Today we'd like to introduce you to Juelie, from our Customer Service team.

Juelie claims that she "fell" into accounting after graduating as an English major. Beginning her career as an office manager, she learned more skills along the way and began to gravitate toward the financial field. She joined All About Numbers in 2008, and manages our customer service efforts. Her job involves everything from scheduling appointments with clients, to reviewing tax returns, to following up with our preparers to ensure that client's needs are being met. Juelie says she enjoys the fact that her days are "varied and never dull."

Want to learn more about the people “Behind the Numbers”? Today we’d like to introduce you to Bryan, one of our accountants who manages tax preparation, bookkeeping and payroll processing for many of our clients. 

With a Bachelor's Degree in Business Administration from CSU, Fresno, Bryan has been at All About Numbers since 2002 and just happens to be married to our owner Laura.

If you have a family-owned business, chances are you have likely hired (or are planning to hire) an easily accessible hiring pool: members of your own family. Doing so has its pros and cons; only you know if employing those closest to you will be advantageous to your business. While we cannot tell you whether you should hire your family, we can advise you on how you need to treat them with respect to wages and specifically payroll taxes.

One of the advantages of hiring family members is the exclusion of some payroll taxes on their wages. Depending on what type of business you have (corporation, partnership, or sole proprietorship) and depending on which family member you employ (child, parent, or spouse), you may not need to pay:

• Federal Unemployment taxes (FUTA)
• Social Security and Medicare taxes (FICA)
• State Unemployment Insurance (UI), Employment Training Tax (ETT), and State Disability Insurance (SDI)

The rules for each of these taxes varies, so we advise you to contact your tax preparer to ensure you are paying your family employees correctly and to ensure you are reporting wages and taxes correctly. You can then make a well thought-out decision as to whether these tax breaks will be worthwhile to you and to your family./p>