Thank You To Our Clients

As the holiday season approaches, Cachet Banq, Inc.  would like to take this opportunity to thank all of our clients and partners; past, present and future. It is because of your continued support that we move forward with the goal of providing you with quality ACH and payroll processing services in our ever growing market. We would not be a successful company without your business and we are excited to continue to work harder to fulfill your ancillary needs in the coming year.  So from our family to yours, we hope you have a wonderful Thanksgiving!

Warm regards,

The Cachet and PTM staff

P.S. Please enjoy the Thanksgiving fun facts that we found below!

Thanksgiving Fun Facts*

1. The first ever TV dinner was made in 1953 by Swanson when they had about 260 tons of leftover turkey to get rid of.
2. The Detroit Lions always play on Thanksgiving Day. This tradition started in 1934. The only exception was when the team went to serve in WWII.
3. Sarah Josepha Hale, a magazine editor, started a campaign in 1827 to make Thanksgiving a national day of thanks and prayer. In 1863 it was observed as such.
4. In an effort to boost retail sales during the Great Depression, Franklin Roosevelt tried to make Thanksgiving a week earlier. His efforts failed and after two years and a lot of name calling, Congress adopted a resolution to make Thanksgiving the fourth Thursday of November.
5. Benjamin Franklin tried to make the turkey the national bird.
6. A spooked turkey can run at speeds of up to 20 miles per hour. They can also burst into flight approaching speeds between 50-55 mph in a matter of seconds. 
7. An estimated 20% of cranberries eaten throughout the year are consumed on Thanksgiving.
8. Thanksgiving was declared a National Holiday by Congress 1941.
9. Fossil evidence shows that turkeys roamed the Americas 10 million years ago.
10. The North American holiday season (generally the Christmas shopping season in the U.S.) traditionally begins when Thanksgiving ends, on "Black Friday" (the day after Thanksgiving); this tradition has held forth since at least the 1930s.

*Thanksgiving Fun Facts were found on TIME, Reluctant Gourmet, and Celebrity Café.

IRS/Tax Agency Communication

Communicating with the Internal Service Revenue (IRS) seems impossible, given the fact that they are responsible for tax collection from all individuals and businesses in the United States.  When it comes to communicating with the IRS, it is important that you go through the proper channels to receive the most relevant information possible.

Businesses that outsource their payroll tax processing to a full-service provider, don’t have to worry because their payroll tax processor holds Power of Attorney (POA) and can deal directly with the IRS on their behalf.  However, businesses with a more flexible payroll service or those who process their payroll taxes in-house hold the responsibility to communicate with the IRS should an error occur with their taxes.

Here are a few tips to make communicating with IRS a more painless task:

• Have your Information Ready. Make sure you have all of the pertinent information (POA, Inquiry notice, FEIN) before you contact the IRS, they will make you call back if you can't locate the information, which no one wants. 
• Don't Delay. When it comes to handling matters with the IRS, respond quickly.  The sooner you address an inquiry the less you will have to pay in penalties and interest.
• Clear your Calendar. Since the IRS deals with all US businesses and citizens it can take up to or over an hour to reach the appropriate party.  Having a stress ball handy may not be a bad idea…
• The Later the Better. PTM Compliance Specialist, Vivian Leidelmeijer, one of PTM’s main correspondents with the IRS, shared an insight she has learned over her years of communicating with the IRS.  She stated that if you call the IRS later in the afternoon, there is generally a shorter waiting time and the employees are more eager to help you quickly.  This may be due to the fact that they want to get home by the end of the day, but either way, it’s effective!

If you have any further questions regarding IRS communication, year-end taxes, etc., Cachet and PTM would be happy to answer any questions.  Post questions on Facebook or Twitter, or email us at info@cachetbanq.com.  There are limitless ways to have your questions answered, and Cachet Banq, Inc. and Payroll Tax Management are here to help!