Year End Memo - 2013
MEMORANDUM
2013 Client Memo
TO: All Clients DATE: January 2014 *****************
FICA Tax Changes for 2014:
FICA Tax includes both Social Security coverage and Medicare coverage, and are both a deduction from employee wages and matched by the employer.
Maximum Wages Subject to Social Security Tax $ 117,000.00
Maximum Social Security Tax - Employers 7,254.00
Maximum Social Security Tax - Employees 7,254.00
Maximum Wages Subject to Medicare Tax Unlimited
Social Security Tax Rate: Employees 6.20% Employers 6.20%
Medicare Tax Rate:
Employees 1.45% (Employees earning over $200,000 are subject to additional 0.09 Medicare Tax)
Employers 1.45%

NYS minimum wage is $8.00 per hourand NJ minimum wage is $8.25 per hour
The MTA Tax has been repealed as of 04/01/2012, for most employers. Additional information will be posted to our website: www.bergercpa.com.
The Federal & State agencies have been aggressively looking for ways to assess taxes & penalties.
Forms 1099 have become an area for target. All payments of $600. per year to non- corporate entities for services will need a signed and completed Form W-9 on file so we can complete a Form 1099 at year end.
For all sales that are exempt from sales tax, you must have a signed resale certificate or exemption certificate on file from the customer.
If you need any forms or have any questions, please do not hesitate to contact our office.
Please be advised that it is a misdemeanor offense to be collecting Sales Tax without having your Certificate of Authority on display at your place of business and, if you have employees, you must also have your Workers' Compensation and Disability Insurance Certificates displayed.
We are an authorized Quickbooks-Pro Advisor and, as such, can get you discounts on Quick- books, Quickbooks upgrades, and Quickbooks supplies directly from Quickbooks. Our contact is Keith Van Order and his direct number is 214-387-2840. We were told our clients would receive a 30% discount when they mention our name.
We now have a Facebook page under " Michael J. Berger and Co. CPA's, LLP "
** Additional information will be posted to our website: www.bergercpa.com.
Happy, Healthy New Year !
Year End Memo - 2012
MEMORANDUM
2012 Client Memo
TO: All Clients DATE: January 2013 *****************
FICA Tax Changes for 2013:
FICA Tax includes both Social Security coverage and Medicare coverage, and are both a deduction from employee wages and matched by the employer.
Maximum Wages Subject to Social Security Tax $ 113,700.00
Maximum Social Security Tax - Employers 7,049.40
Maximum Social Security Tax - Employees 7,049.40
Maximum Wages Subject to Medicare Tax Unlimited
Social Security Tax Rate: Employees 6.20% Employers 6.20%
Medicare Tax Rate:
Employees 1.45% (Employees earning over $200,000 are subject to additional 0.09 Medicare Tax)
Employers 1.45%

NYS and NJ minimum wage is $7.25 per hour
The MTA Tax has been repealed as of 04/01/2012, for most employers. Additional information will be posted to our website: www.bergercpa.com.
The Federal & State agencies have been aggressively looking for ways to assess taxes & penalties.
Forms 1099 have become an area for target. All payments of $600. per year to non- corporate entities for services will need a signed and completed Form W-9 on file so we can complete a Form 1099 at year end.
For all sales that are exempt from sales tax, you must have a signed resale certificate or exemption certificate on file from the customer.
If you need any forms or have any questions, please do not hesitate to contact our office.
Please be advised that it is a misdemeanor offense to be collecting Sales Tax without having your Certificate of Authority on display at your place of business and, if you have employees, you must also have your Workers' Compensation and Disability Insurance Certificates displayed.
We are an authorized Quickbooks-Pro Advisor and, as such, can get you discounts on Quick- books, Quickbooks upgrades, and Quickbooks supplies directly from Quickbooks. Our contact is Keith Van Order and his direct number is 214-387-2840. We were told our clients would receive a 30% discount when they mention our name.
We now have a Facebook page under " Michael J. Berger and Co. CPA's, LLP "
** Additional information will be posted to our website: www.bergercpa.com.
Happy, Healthy New Year !
Year End Memo - 2011
MEMORANDUM
2012 Client Memo
TO: All Clients DATE: January 2012 *****************
FICA Tax Changes for 2012:
FICA Tax includes both Social Security coverage and Medicare coverage, and are both a deduction from employee wages and matched by the employer.
Maximum Wages Subject to Social Security Tax $ 110,100.00
Maximum Social Security Tax - Employers 6,826.20
Maximum Social Security Tax - Employees 4,624.20
Maximum Wages Subject to Medicare Tax Unlimited
Social Security Tax Rate: Employees 4.20% Employers 6.20%
Medicare Tax Rate:
Employees 1.45%
Employers 1.45%

NYS and NJ minimum wage is $7.25 per hour
The MTA Tax has been repealed as of 04/01/2012, for most employers. Additional information will be posted to our website: www.bergercpa.com.
The Federal & State agencies have been aggressively looking for ways to assess taxes & penalties.
Forms 1099 have become an area for target. All payments of $600. per year to non- corporate entities for services will need a signed and completed Form W-9 on file so we can complete a Form 1099 at year end.
For all sales that are exempt from sales tax, you must have a signed resale certificate or exemption certificate on file from the customer.
If you need any forms or have any questions, please do not hesitate to contact our office.
Please be advised that it is a misdemeanor offense to be collecting Sales Tax without having your Certificate of Authority on display at your place of business and, if you have employees, you must also have your Workers' Compensation and Disability Insurance Certificates displayed.
We are an authorized Quickbooks-Pro Advisor and, as such, can get you discounts on Quick- books, Quickbooks upgrades, and Quickbooks supplies directly from Quickbooks. Our contact is Keith Van Order and his direct number is 214-387-2840. We were told our clients would receive a 30% discount when they mention our name.
We now have a Facebook page under " Michael J. Berger and Co. CPA's, LLP "
** Additional information will be posted to our website: www.bergercpa.com.
Happy, Healthy New Year !
Year End Memo - 2010
MEMORANDUM
2011 Client Memo
To: All Clients
Date: December 2010

*****************
FICA Tax Changes for 2011:
FICA Tax includes both Social Security coverage and Medicare coverage, and are both a deduction from employee wages and matched by the employer.

Maximum Wages Subject to Social Security Tax $ 106,800.00
Maximum Social Security Tax 6,621.60
Maximum Wages Subject to Medicare Tax Unlimited (UNCHANGED)
Social Security Tax Rate:
Employees 4.20%
Employers 6.20%
Medicare Tax Rate:
Employees 1.45%
Employers 1.45%

NYS and NJ minimum wage is $7.25 per hour

** The Federal & State agencies have been aggressively looking for ways to assess taxes & penalties. forms 1099 have become an area for target. All payments of $600. per year to non- corporate entities for services will need a signed and completed form W-9 on file so we can complete a Form 1099 at year end. All sales not including sales tax must have a resale certificate or exemption certificate on file from the customer. If you need any forms or have any questions, please do not hesitate to contact our office.

** Please be advised that it is a misdemeanor to be collecting Sales Tax without having your Certificate of Authority on display at your place of business and, if you have employees, you must also have your Workers' Compensation and Disability Insurance Certificates displayed.

** We are an authorized Quickbooks-Pro Advisor and, as such, can get you discounts on Quick- books, Quickbooks upgrades, and Quickbooks supplies directly from Quickbooks. Our contact is Keith Van Order and his direct number is 214-387-2840. We were told our clients would receive a 30% discount.
 
 
                     
 
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