August 12, 2015
Andrew Presti
Blog Posts
0 CommentsAugust 2015 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of August 2015. August 5 Employers. Semi-weekly depositors must deposit employment taxes […]
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August 12, 2015Steve GrgasBlog Posts0 CommentsHow do I? Compute withholding using the part-year employment method Employers generally withhold from wages by way of the wage-bracket or percentage method (Code Sec. 3402(b) and Code Sec. 3402(c)). However, an employee may request that the amount of tax withheld by the employer from the employee’s wages be computed on the basis of the […]
Read moreAugust 12, 2015Steve GrgasBlog Posts0 CommentsLawmakers hear from small businesses about tax complexity, compliance Small business tax reform was the topic of two Congressional hearings in July. House and Senate lawmakers heard from small business owners and leaders in the tax and accounting area about concerns over tax complexity, compliance, and penalties. After the hearings, the chair of the Senate […]
Read moreAugust 12, 2015Steve GrgasBlog Posts0 CommentsPreliminary filing season stats show successes and challenges for IRS Preliminary information from the 2015 filing season shows a mixed bag of success and failures for the IRS. The IRS successfully processed returns and issued refunds, taking into account new requirements under the Affordable Care Act. At the same time, taxpayers experienced significant difficulties in […]
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August 12, 2015Wayne NaegeleBlog Posts0 CommentsTax extenders take first steps to passage before Congress breaks for August recess Just before Congress recessed for its August break, a package of tax extenders was approved by the Senate Finance Committee (SFC). The House and Senate both struggled to find ways to pay for a multi-year federal highway and transportation spending bill, and […]
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August 12, 2015Salvatore RussoBlog Posts0 CommentsFAQ: Can an S corporation own an interest in another business entity? An S corporation may own an interest in another business entity. An S corporation can be a member of an affiliated group by owning 80 percent or more of the stock of a C corporation. The group then can elect to file on […]
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