The Affordable Care Act (ACA) contains several tax provisions that affect employers. For example, the size and structure of your workforce – small or large – will determine which parts of the law apply to your organization. The number of employees you had during the prior year determines whether your organization is an applicable large employer for
Do you know the difference between an employee and an independent contractor? Josephine Vidal of Granite Payroll Associates spoke on that subject recently at the Greater Boston Business Network meeting. Employers love to hire independent contractors as the savings from payroll taxes, company benefits and insurance make it a very attractive situation for them. However, it’s not
Please join us for a Quincy Chamber of Commerce “Lunch and Learn” series hosted by the Quincy Network Connection. The guest speaker will be David Dennis of Dennis & Associates. He will be discussing some highlights on some changes that will effect 2015 tax filings. A complimentary lunch will be served! Hope to see you there! When:
Following a review of the tax extenders legislation signed into law a few weeks ago, the Internal Revenue Service announced that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016. The IRS will begin accepting individual electronic returns that day. The IRS expects to receive more than 150 million individual returns
As the end of 2015 approaches, it is always a good idea to review the filing and reporting requirements for your company’s W-2s. The IRS requirements are constantly changing, so it is always good practice to consult with your CPA to make sure all new requirements are addressed. One of the most common mistakes is
At the end of every year, it seems we are anxiously waiting for Congress to enact extensions to popular business tax breaks. In 2014, the extenders were passed in December and in 2013, they waited until January 2014. This makes tax planning a bit more challenging. A few of the most popular and impacting tax
To help health coverage providers, applicable large employers, and those assisting them in preparation for electronically filing the 2015 health care information returns understand the IRS ACA Information Return electronic filing process, the IRS has published: Publication 5165, Guide for Electronically Filing Affordable Care Act Information Returns for Software Developers and Transmitters. It outlines the communication
Securing your retirement in today’s economy Date: November 18, 2015 Time: 8:00 AM – 9:30 PM EST Location: Quincy Marriott 1000 Marriott Drive Quincy, MA 02169 Event Description: You’ve worked too hard to let this economy jeopardize your future. Unpredictable market swings have the potential to sidetrack your most important goals. In our informative session, you’ll not only learn
401(k) Contribution Limit Remains Unchanged at $18,000 for 2016 The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that
This is a busy time of year for businesses that have employer-sponsored group plans. There are many deadlines that are looming before the end of the year and into 2016. As a business, you’ll want to make sure that you file everything that is required on time. Here is a handy, non-exhaustive timeline of upcoming
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