September 26, 2014
Steve Grgas- Author's Bio
Blog Posts, Uncategorized
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Partnerships’ exposure to net investment income tax not always clear cut
The net investment income (NII) tax under Code Sec. 1411 is imposed on income from investments, certain sales of property, and income from passive activities. NII includes net gains from the sale of property, unless the property is held in a non-passive trade or business. If the property sold is a non-passive interest in a […]
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- September 26, 2014
- Wayne Naegele
- Author's Bio
- Blog Posts, Uncategorized
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Employers get first look at health insurance information reporting
Since passage of the Affordable Care Act, several key requirements for employers have been delayed, including reporting of health coverage offered to employees, known as Code Sec. 6056 reporting. As 2015 nears, and the prospects of further delay appear unlikely, employers and the IRS are preparing for the filing of these new information returns. Three […]
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- September 26, 2014
- Andrew Presti
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Fall is the new spring for tax savings
How planning now can yield big savings next April Unless you happen to be an accountant, you probably don’t like to spend a lot of your time thinking about taxes. Let’s face it. Even CPAs know that there are many things more interesting than tax planning and compliance. Yet while taxes may seem a bit […]
Read more- September 08, 2014
- Wayne Naegele
- Author's Bio
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September 2014 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 September 2014. September 4 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates August 27–29. […]
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- August 19, 2014
- Steve Grgas
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Appeals courts split on tax credits for ACA Marketplaces
Employers may be able to claim a tax credit for a portion of their expenses for providing child care to their employees. Code Sec. 45F allows a employer-provided child care credit, which is a part of the general business credit. Businesses calculate the credit using Form 8882, Credit for Employer-Provided Childcare Facilities and Service, and […]
Read more- August 19, 2014
- Andrew Presti
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FAQ: Why use a partnership instead of an S corporation?
Taxpayers that plan to operate a business have a variety of choices. A single individual can operate as a C corporation, an S corporation, a limited liability company (LLC), or a sole proprietorship. Two or more individuals can form a partnership, a corporation (C or S), or an LLC. Nontax considerations State law and nontax […]
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- August 19, 2014
- Salvatore Russo
- Author's Bio
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Is a Professional Employer Organization Right for Your Company?
What you need to know when considering a PEO If you’ve read much about Professional Employer Organizations (PEOs), you’ve probably heard them described as everything from the best to the worst decision a business could make. So where does the truth lie? Are PEOs valuable tools for small businesses, or are they a bundle of services […]
Read more- August 04, 2014
- Wayne Naegele
- Author's Bio
- Blog Posts, Uncategorized
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August 2014 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 2014. August 1 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates July 26-29. August […]
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July 2014, Newsletter
Annemarie Aguanno discusses financial audits and reviews and why they are a necessary evil.
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