Found an interesting article the other day on the “Top 10 Payroll Mistakes Companies Make“. The article begins by stating that the IRS is attempting to close the tax gap. In order to discover the most common areas of employer non-compliance, the IRS launched the Employment Tax Research Project (ETRP) in 2010. Such areas include;…
As an employer, you are required to do many things by law. One of which includes maintaining accurate records for current and past employees for a specified period of time. These requirements are enforced by both the IRS and U.S. Department of Labor. Some local and state agencies may also require additional record keeping. Generally…
Have you filed your taxes, but you’re still waiting on your refund? Follow the link below to check the status of your refund. http://www.irs.gov/individuals/article/0,,id=96596,00.html?portlet=8 If you have a smartphone, you can use the IRS2go App to check the status of your refund. In addition, the IRS2go App allows you to receive tax updates, follow IRS…
Want to learn more about how you and your employees can receive a tax benefit on their individually owned health care plans? Join us at our HCPR Plan (Health Care Premium Reimbursement Plan, aka Defined Contribution) Workshop tomorrow, January 31st, from 12:00pm-1:15pm. We will be at VaBene Italian Cuisine; 4647 E. Chandler Blvd. #1 Phoenix,…
“The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code §415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 20, 2011 cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax
year 2012.”
What if you could offer your employees’ the tax benefits of group health insurance without any of the headaches or costs? Well you can! No need to pinch yourself, you aren’t dreaming… this is REAL! It’s called the Health Care Reimbursement Plan (HCPR Plan). It came out in the 2009 legislation and falls under the…
