The Internal Revenue Service (IRS) has issued a reminder that it will be delaying refunds for taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The delay is meant to give the IRS more time to detect fraudulent tax refunds, which have become a growing problem in recent years. […]
In a recent Forbes article, tax attorney Dean Zerbe makes some predictions about what we’ll see from President-elect Trump. President-elect Donald Trump has yet to formalize a tax plan, but based on his proposals, Zerbe believes we can expect the following: Ordinary income: Trump campaigned on tax cuts of up to 33% and the elimination […]
Late yesterday, a federal judge in Texas blocked the Department of Labor’s ruling on overtime pay, which was set to take effect on December 1st. This is the ruling that would require employers to pay employees making under $47,476 per year at a rate of time and one half their regular hourly pay, for all […]
Are your top performers satisfied at your business? Hopefully you have an open dialog with your employees, and you have an idea of how they’re feeling about their jobs. However, there are some things that signal an employee’s impending departure. A recent article from The Creative Group looks at these signs. Here are some things […]
Don’t worry, this isn’t another political post! As you know, election 2016 is imminent. Did you also know that in some states, employers have legal responsibilities on voting day? Attorney Richard Alaniz advises employers to familiarize themselves with their legal obligations and plan ahead. “With the election looming, companies that are required to offer time […]
The IRS has announced a new deadline for W-2 and 1099 filings. It is important to plan now, as the deadline has been moved up. From CPA Practice Advisor: “Historically, filers were required to provide W-2 and 1099-MISC forms to recipients by January 31; however, they were not required to submit the forms to the […]
In 2018, some employers will be required to submit employee pay data. Read more to see if your business will be affected. The U.S. Equal Employment Opportunity Commission (EEOC) announced that some employers will be required to submit data regarding employees’ pay, beginning March 31, 2018. Smaller businesses may not be affected by these new […]
Employers are fighting harder, and offering more perks, to land the best employees. Do you give workers the flexibility they’re looking for? You’ve probably read about the changes in business and virtual workplace. With many industries facing labor shortages, employers have gotten creative with perks and benefits. Ping pong tables, yoga classes, fancy snacks and […]
Employers of workers facing significant barriers to employment are urged to apply for the Work Opportunity Tax Credit (WOTC) enacted by the Protecting Americans from Tax Hikes (PATH) Act. The deadline to request certification has been extended to September 28, 2016 and applies to workers hired between January 1, 2015 and August 31, 2016. Nine […]
A new study examined finance executives’ current views on retirement and benefits issues. Read some of the highlights from this new research. The comprehensive new study evaluates finance executives’ outlooks on a number of topics regarding defined benefit retirement programs. Overwhelmingly, they believe their ability to manage benefit risks and costs is essential to their […]