For employers, managing payroll smoothly and properly is a delicate, critical matter. There may be no quicker way to turn a happy employee into a disgruntled one than by mishandling his or her paycheck. This year, employers have an additional … [Read more...]
2017 – 11/09 – I WONDER …. CAN I PAY BONUSES IN 2018 BUT DEDUCT THEM IN 2017?
Research and Development Tax Credit 2016 Changes
The Protecting Americans from Tax Hikes (PATH) Act, passed December 2015, made significant - and beneficial - changes to the federal research and development tax credit program. The changes are effective for 2016. Background on the Research and … [Read more...]
Group-term Life Insurance W-2 Inclusion
Many employers provide life insurance as a benefit to their employees. This benefit can generate taxable income which must be included in the employees’ W-2s. What is group-term life insurance? Life insurance must meet the following conditions to … [Read more...]
Six myths that lead to worker misclassification
These myths may give employers an unwarranted sense of security, and they can have costly consequences. August 26, 2013 By Jim Button, CPA/CITP Employers face an important decision in classifying their workers for tax treatment. Workers can be … [Read more...]
Payroll Taxes: 0.9% Medicare Surtax
The Patient Protection and Affordable Care Act of 2010 – commonly referred to as Obamacare or the ACA – included two provisions related to the Medicare tax which took effect in 2013. Today we’ll look at the 0.9% increase to Medicare tax for high-wage … [Read more...]