The IRS recently held a webinar to explain its reporting requirements for healthcare coverage on employees’ W2’s for the 2011 tax year. We’ve provided a summary of the webinar below for those of you who missed it. (more…)
Archive for the ‘Business Advice’ Category
Need Help Understanding Employee Healthcare Benefit Reporting on W-2s?
Tuesday, November 22nd, 2011Guarantor Requirementsfor Ohio Use Tax Payment Plan Changed
Thursday, November 17th, 2011The requirements for participating in the State of Ohio’s use tax amnesty program’s payment program just got a little easier. (more…)
Are You Ready for the InvestOhio Tax Credit? Register for Tax Credit This Week
Tuesday, November 15th, 2011Ohio taxpayers who invest in a qualifying Ohio small business can qualify for a 10 percent credit against their Ohio income tax if they meet certain requirements – and they can now apply for the credit. (more…)
Are You Secure? Cyber Security Targets Employee Benefit Accounts
Thursday, November 3rd, 2011In July 2011, federal solutions group RSA’s Anti-Fraud Command Center detected more than 25,000 phishing attacks, the most recorded in a one-month period. A part of the reason: Employees are increasingly being deceived into providing personal information through their employee benefit accounts. (more…)
Going, Gone? Tax Provisions that Could End in 2012
Monday, October 24th, 2011Late in the year last year, Congress extended several tax law provisions but only for a short period of time. Below are items that may expire at the end of this year if no action is taken by Congress. (more…)
Do You Understand Michigan’s Business Tax Changes?
Wednesday, October 19th, 2011We recently reported that Michigan is changing their tax structure effective January 1, 2012. In a nutshell, Michigan is replacing the Michigan Business Tax (MBT) with a Corporate Income Tax (CIT). Changes coming with the new CIT include a 6 percent tax imposed on C corporations only, making Michigan’s corporate income tax rate the lowest in the Midwest. (more…)
Are You Taking Advantage of This Year’s Federal and State Hiring Tax Credits and Incentives?
Tuesday, October 11th, 2011State and federal governments have made a number of tax incentives and credits available to employers in 2011 to help stimulate the stagnating economy. In many cases, your company may not see the tax benefit until it files its 2011 taxes, but this delayed benefit should not stop you from considering them. (more…)
Wrong Worker Classification? IRS Offers Voluntary Settlement
Thursday, October 6th, 2011Employers who have erroneously treated workers as nonemployees or independent contractors now have an opportunity to get into compliance with the IRS through a low-cost, voluntary reclassification program. (more…)
Have You Received an IRS Notice? Nine Things to Know
Monday, October 3rd, 2011The Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons each year. Here are some things to know if you receive one. (more…)
Want to Lessen Chances of a DOL Inquiry? Ten Tips
Wednesday, September 21st, 2011The Department of Labor (DOL) enforces fiduciary, reporting and disclosure requirements for employee benefit plans. The agency is recruiting more investigators, so DOL investigations will be on the rise. (more…)
