State-managed individual retirement accounts are funded by automatic deductions from the worker’s paychecks.
Category: Business Accounting Services
Tax Extenders & The Deficit Dilemma
January 15, 2016
Lawmakers are cooling to budget debates evidenced with the passage of the PATH Act, the looming budget deficit continues to grow.
IRS Cuts Affect Tax Refunds and Audits
March 13, 2015
IRS warns staff cutbacks have increased refund processing time up to an average of 5 weeks. Refunds for those who file paper returns might not be processed for 7 weeks.
Tax-Related Identity Theft on the Rise
March 9, 2015
Identity thieves are using information stolen from government, organization and business databases, and some even claim to be tax preparers and accountants to collect personal information.
Forms 1099 – Delayed Delivery to Taxpayers
February 24, 2015
An information update warning investors they may not Form-1099-div (2)receive their final 2014 IRS Forms 1099 (B, DIV, INT, OID and MISC) until mid-March.
How to Know When You Need a CPA
February 21, 2015
You may benefit by a combination of some DIY and some professional on-demand services. Then as the business grows a smooth transition can be made to full-time professional accountants and bookkeepers who already know your business.
Tax Software vs Professional Accountants
February 19, 2015
The more complicated your income taxes are, the more likely you need a professional accountant to help you.
What is Minimum Essential Coverage Under the Affordable Care Act?
February 10, 2015
Many individuals and businesses have been concerned about having the right kind of “qualifying” health care coverage for themselves and their employees. Here is the latest notice …
Employer Health Care Choices Raise Questions
February 9, 2015
An employer payment plan generally does NOT include an arrangement under which an employee may have an after-tax amount applied toward health coverage or take that amount in case compensation.
Last Minute Tax Act Passes New Details – Act Now!
December 22, 2014
While late Congressional and Executive Branch actions like this make your year-end tax planning more difficult, there may be useful opportunities in this Act…