Obamacare: IRS issues new rules on ‘affordability test’
March 13, 2013 by Jim Giuliano
Another day, another part of Obamacare your company must prepare to comply with. The latest: the affordability test.
March 13, 2013 by Jim Giuliano
Not sure if worker meets IC status? Now’s the time to check
February 13, 2013 by Jim Giuliano
If you have independent contractors working for your organization, it’s a good time — for at least two reasons — to double-check whether they meet the IRS standards for IC status.
You’re getting audited — 2 ways to gain control of the process
October 17, 2012 by Jim Giuliano
When you have an IRS or state tax auditor coming into your company, it’s already a bad day. Then that initial request for your company’s tax data comes in, and the auditor asks for every scrap of paper for every transaction for the last 10 years. What are your options?
Mistakes that cost other companies
October 10, 2012 by Jim Giuliano
This regular feature shows how other companies have run afoul of IRS regulations, sales and use taxes or other laws. You can see how others got off track, and avoid similar problems. Today’s problem: misclassifying workers.
IRS says using this safeguard could lead to an audit
August 22, 2012 by Jim Giuliano
An old-reliable safeguard when hiring independent contractors can lead to big trouble with the Tax Man.
IRS ‘amnesty’ could lead to more problems for business
August 8, 2012 by Jim Giuliano
The Internal Revenue Service and the states are arguing over a key reg – and companies could get caught in the crossfire.
6 ways to beef up your biz credit rating
July 18, 2012 by Jim Giuliano
These days, with banks tightening up lending and credit, every little bit helps in establishing a good credit rating for your business.
IRA mistakes will get more costly
July 13, 2012 by Jim Giuliano
The Internal Revenue Service used to go easy on mistakes made with Individual Retirement Accounts and Roth plans. Not anymore.
New IRS regs affect how you pay vendors
May 30, 2012 by Jim Giuliano
You might think you’ve got all the invoice details you need to cut a check – but new regs from IRS will make the process more difficult.
IRS releases key year-end update for Finance
December 28, 2011 by Jennifer Azara
A penny here or there may not seem like much to you, but it’s critically important to your finance staffers. Especially when it has to do with the new IRS mileage reimbursement rates for the coming year. More…
Finance alert: IRS increases pension plan limits for 2012
October 26, 2011 by Jennifer Azara
For the first time in several years, your company’s finance department will have to make some major changes when Jan. 1 hits. More…
New tax rules on employer-issued cell phones
October 11, 2011 by Jim Giuliano
If you provide cell phones to your employees or are considering it, first make sure your admin people are up to speed on the latest applicable Internal Revenue Service rules.
IRS: ‘We’ll give you a break on pay violations’
September 29, 2011 by Jim Giuliano
Check with Payroll and HR. If any workers have been mistakenly classified as independent contractors, you can avoid a big hit by signing up for an IRS program.
IRS issues opinions on workplace benefits
September 28, 2011 by Jennifer Azara
The IRS recently sat down with the American Bar Association and employers to confirm how the Taxman would rule in several common benefits scenarios. See if what IRS says matches what you do. More…
Warning about hiring independent contractors
September 23, 2011 by Jim Giuliano
A new initiative involving 10 states, the IRS and the U.S. Department of Labor takes aim at worker classification.
IRS increases mileage rate for remainder of 2011
July 5, 2011 by Jennifer Azara
A nickel may not sound like much, but your Finance staffers will tell you why this new change from IRS is a big deal. More…
Hurry! Still time to take advantage of these tax breaks
May 18, 2011 by Jennifer Azara
If your company is in a position to make some larger purchases in the near future, you’ll want to move sooner rather than later. There are some serious incentives to do so. More…
Getting the healthcare credit: It’s all in how you do the numbers
May 9, 2011 by Jim Giuliano
When the feds released the qualifications needed to get the healthcare tax credit, it appeared as if a lot of companies would be locked out of the plan because of size. A second look indicates otherwise — if you do the numbers in a way that’s most advantageous to you.
Flash! The Tax Man gives biz a break
May 4, 2011 by Jim Giuliano
It doesn’t happen often, but the IRS is letting up on some reporting requirements. More…
