Taxes

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Avoiding Costly Payroll Mistakes

Everyone knows the business world isn't perfect. And, business owners have learned the hard way that payroll management is not as simple as it appears. Managing a viable payroll system requires attention to detail as well as a sound understanding the tax laws matters to small and mid-size companies. Payroll mistakes are like ants in [...]

By | March 2nd, 2017|Human Resources, Payroll Post of the Day, Taxes, Wages|0 Comments

The Tax Corner – April 2015

By Nancy Espinoza, Tax Manager Required Paperwork for Newly Hired Employees In order to stay compliant with the various government agencies, employers should be aware of necessary paperwork required when hiring new employees: Under the Immigration Reform and Control Act of 1986, all employers are required to verify the identity and the eligibility of employees [...]

By | April 21st, 2015|Accountants, April 2015, IRS, New Hires, Newsletter, Reporting, Taxes|0 Comments

The Tax Corner – March 2015

IRS Releases Initial Guidance for High-Cost Healthcare Plans On February 24, 2015, the Internal Revenue Service released a notice which offers initial guidance on the Affordable Care Act's 40 percent excise tax on high-cost health plans. The tax will be effective in 2018 for so-called “Cadillac” healthcare plans. The IRS notice addresses the definition of [...]

By | March 16th, 2015|Accountants, IRS, March 2015, Newsletter, Reporting, Taxes|0 Comments

The Tax Corner – February 2015

By Nancy Espinoza, Tax Manager IRS Releases Updated Affordable Care Act “Shared Responsibility” Information In January 2015, the IRS released updated information on the employer shared responsibility provisions of the ACA (Affordable Care Act) which became effective as of January 1, 2015. The IRS encourages employers to be prepared and to make decisions regarding the [...]