The end of 2014 is quickly approaching, so it’s important that everything is in order to ensure there are no surprises when the time comes to file taxes. Year-end tax planning for small businesses isn’t something to put off or ignore. It’s important to look at your...
According to the IRS, many pension plan limitations will change for 2015 because the increase in cost-of-living met the statutory thresholds that trigger their adjustment. The 401K contribution limits for 2015 that participants can elect to contribute on a tax...
Late last year, the IRS issued final tangible property repair regulations. This affects businesses that have made repairs or improvements to tangible property, such as buildings, machinery, equipment and vehicles. Key changes: Costs incurred to acquire, produce or...
Since the beginning of last year, employers have been required to withhold an additional nine-tenths of a percent for the Medicare surtax for high-income employees. The rules are somewhat complicated, so the IRS recently updated its frequently-asked questions on how...
Are there consequences to the employer for reimbursing employees for health insurance premiums those employees pay (either through a qualified health plan in the marketplace or outside the marketplace), if the employer does not establish a health insurance plan for...