Health Insurance Premium Reimbursements to Employees
There have been some significant changes to what can be done by employers in reimbursing insurance premiums for their employees. In prior years, employers were allowed to either pay for, or reimburse,...
View ArticleReporting Payments Made to Vendors
One of the areas we see the most confusion concerning reporting compliance among businesses is that of reporting payments made to vendors for services performed for the company. In summary, you are...
View ArticleIndependent Contractors – How to Classify Workers
NOTE: This issue has been receiving increased IRS scrutiny in recent years and we expect the trend to accelerate. One of the steps we recommend to clients who use independent contractors and who...
View ArticleTurboTax in the News Again for Potential Fraud Concerns
Once again, TurboTax has found itself in potential trouble with the Minnesota Department of Revenue for potential fraudulent activity. On February 6, 2015, it posted this notice on their website: Some...
View ArticleIRS Eases New Reporting Requirements for Small Businesses
I am a happy guy right now. And all of you small business owners should be as well. For much of the last three days, I have been pouring over new regulations the IRS finalized in 2014 and late 2015 …...
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