Archive for June, 2011

Garden State Payroll- Is a New Jersey based Company servicing the TRI-STATE AREA. GPS INC. is a Trade Marked name recognized for quality service. GSP, offers all the
same great services that our larger payroll competitors. We just do it at a
significant cost savings…. You might ask HOW can we do the same for less? It’s easy, while Garden State Payroll works for OUR CLIENTS and their NEEDS. Our larger competitors worry about Wall Street, not Main Street USA. We specialize in Main Street USA and we always will!!! We specialize in New Jersey Based businesses in Newark, NJ… Jersey City and Hoboken, New Jersey. Our Brand has a significant presence in Atlantic City, New Jersey… So Business owners in New Jersey (Garden State), New York and PENN. Give us a Shot and see the SAVINGS and the VALUE 877-898-0415…

Garden State Payroll Update
Compliance Update

IRS Announces Mid-Year Mileage Rate Increase of 4.5 Cents

The IRS has announced an increase in the optional standard mileage rates for the final six months of 2011 [IR-2011-69, 6-23-11;,,id=240903,00.html]. Citing “recent gasoline price increases,” the IRS has increased the standard business mileage rate from 51 cents to 55.5 cents a mile for all business miles driven from July 1 through December 31, 2011. The rate for deductible medical or moving expenses is increased from 19 cents to 23.5 cents a mile. Note: The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.

The mileage rate may be used to compute the deductible cost of operating a passenger car (also vans, pickups, or panel trucks) for business purposes. It may also be used by employers to reimburse employees for business use of their personal vehicles and to determine the amount that needs to be imputed to an employee’s income for personal use of certain company-owned or leased nonluxury vehicles.

Mileage Rate Changes



Rates 1/1 through 6/30/11

Rates 7/1 through 12/31/11











Learn more about the tax provisions of President Obama’s 2011 and get aquainted with updated tax laws: For more information, contact Garden State Payroll at  877.898.0415

On March 5 1998, a law was signed by Governor Whitman that requires all New Jersey employers to report basic information about employees who are newly hired, rehired, or who return to work after a separation of employment.  All employers are required to submit New Hire Reports within 15 days of the employee’s first day on the job.  Garden State Payroll can help in keeping you in compliance with the New Hire Reporting Law.  Contact GSP at 877-898-0415 or visit us at our website

Reduce Time Theft

What is Time Theft?

1.     Miscalculating payroll: Employers who do their payrolls by themselves are vulnerable to making mistakes while calculating their payroll.  They may not be aware of the
recent tax updates and how to deduct the various taxes properly.  This could lead to paying a huge amount of penalties every time while running the payroll.

2.     Late Tax Deposits: Employers have to be cautious about the numerous deadlines they have to meet for depositing the federal and state taxes.  Different types of taxes have different
filing dates, so employers have to make sure they do not forget about filing the taxes at the right time.

3.     Misclassifying workers:  There are different types of categories that employees come under such as independent contractors, hourly or salary employees.  Classifying an employee with an hourly pay type under salary will cause to inaccurate tax withholdings and tax deposits.

4      Poor record keeping:  When hiring an employee, the employers have to make him fill out numerous forms such as W-4 and I-9.  Misfiling or forgetting to fill out any one of these forms can get your company in trouble during an audit.

5.     Not running payroll on time: Completing a payroll is a strenuous process that utilizes a lot of time and resources. Sometimes, companies either delay their payroll processes or they completely forget to do so.  They are continuously under pressure to complete their payrolls and hence, it is advised to outsource the payroll to more specialized companies such as Garden State Payroll.

Get the latest information about the 2011 Wage and Tax Facts at Garden State Payroll

5 Reasons to Outsource Your Payroll

1.   Accurate: By outsourcing its payroll,  a company can avoid any penalties related to improperly filing payroll related paperwork.  A payroll provider such as Garden State Payroll will use its specialization to make sure that the paperwork is filed on time and the tax calculations are accurate. 


2.    Time Efficient: A company can save hours by subcontracting its payroll to an external company.  The opportunity cost of a company not outsourcing its payroll is the time it could
have spent on doing the work the employees are there to do.  The revenue generated from giving your payroll to other companies is way more than the cost of time lost by doing it

3.     Convenient: It is better to give someone else the task of doing your payroll rather than tackling the paperwork by yourself.  No need to worry about any delays, no pressure on your mind about dealing with the work, everything is taken care of!!

4.     Cost-effective: Processing payroll internally requires training and continuously buying updated software which could waste thousands of dollars.  When outsourcing the task of handling payroll, a company can cut down its costs significantly.  Hiring a Payroll Accountant just to do your payroll is more expensive than having another company do the same calculations in an accurate manner.  


5.     More-personalized: Small companies need their payroll provider to thoroughly know the business.  At Garden State Payroll, we work on frequently interacting with our clients and providing them with solutions about their payroll.

The Truth About Frivolous Tax Arguments (PDF 405K) addresses some of the more common false “legal” arguments made by individuals and groups who oppose compliance with the federal tax laws. These arguments are grouped under six general categories, with variations within each category. Each contention is briefly explained, followed by a discussion of the legal authority that rejects the contention. The second section deals with frivolous arguments encountered in collection due process cases. The final section illustrates penalties imposed on those pursuing frivolous cases.