Anthony Sykes & Company

In Part 2 of "Start A Business" we talk about such topics as Strategy, who's targeting small businesses, What sets my company apart from H&R Block and Turbo Tax, How long do you have to Finance your company, and much more. With the right information given to you, you may be able to start a business. I'm here to answer your questions and help you get started. Go to our website www.sykesaccounting.com or you can reach me directly at 562-864-2341

 You are invited to attend, at no charge, a Federal/State Basic Payroll Tax Seminar  Wednesday, August 3, 2011 from 9:00a.m to 3:00p.m.             At: WorkSource/Career Partners                   3505 N. Hart Ave.                   Rosemead, Ca 91770 You will learn:       . California payroll reporting requirements: forms, employer obligations, reporting,           and payment requirements        .  Independent Contractor reporting requirments        . Electronic filing and payment requirements and options        .   Federal payroll reporting requirements: Forms 940, 941, 1099, W-2, W-4, W-9, and            alternative filing There is no charge for this seminar. Reservations are recommended. Use the Internet: www.edd.ca.gov/payroll_tax_seminars/ , or telephone (888) 873-6086 For additional seminar dates, times, locations and subjects, please check EDD's Internet site as shown above

I have a reoccuring spot on Literary Speaks and we discuss issues such as Starting Businesses, Taxes, Audit and much more. If you're interested in starting a business or have a tax question feel free to go to my website at www.sykesaccounting.com or email me. There are also many other Videos on Youtube, please check them out.

Beginning July 1,  2011 the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect. Thus, the FUTA tax rate, before consideration of state unemployment tax credits,is now 6.0% Under code Sec. 3301(1), the .02% FUTA surtax expired on June 30, 2011.  The surtax was part of the 6.2% gross unemployment tax rate that employers paid on the first $7,000 of wages paid annually to each employee (6% permanent tax rate, 0.2% temporary surtax).  The surtax has been in effect in every year since 1976, when it was enacted by Congress on a temporary basis.  Since legislation hasn't been enacted to extend the surtax, the FUTA tax rate, before consideration of state unemployment tax credits, now drops to 6.0%, effective July1, 2011.

Governor Brown has signed a bill that expands the definition of "retailer engaged in business in the state" to include retailers having agreements with persons in California to refer potential purchasers to the retailer through an internet-based link or an internet website, or other means.  In addition, the legislation requires retailers to collect sales tax when they have an agreement with another member of the retailer's commonly controlled group to perform services in California in connection with tangible personal property to be sold by the retailer.  (L. 2011,A28(c.7) effective 6-28-11.) "Click-through nexus," The legislation requires retailers to collect sales tax when there exists what is commonly know as "click-through nexus." A retailer is considered to be engaging in business in California, and thus required to collect tax on sales to purchasers in the state, when the retailer enters into an agreement under which a person in California, for