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Articles 731 - 740 of 795
Ron Kramer | 6.16.2010

Tanning Beds and Donut Holes...These Are A Few of My Favorite Things

The passage of the new health care legislation was not one of my favorite things. So imagine my rage when I discovered that the legislation was about to
Ron Kramer | 6.8.2010

Tax Extenders Bill Expands PayrollTaxes to Professional Service S Corporations

On May 28, 2010, the House passed H.R. 4213, the American Jobs and Closing Tax Loopholes Act, which extends many temporary individual, business, energy
Ron Kramer | 6.3.2010

FBAR Deadline Quickly Approaching

Don't Miss the June 30, 2010 Filing Deadline for the Foreign Bank and Financial Account Report (FBAR) FBAR Filing Requirement All U.S. persons that have
Mark Cobetto | 5.28.2010

S-Corp vs. C-Corp - Time for Ohio Businesses to Reconsider

For years, the recommended choice of entity for most family-owned businesses has been the S-corporation or the LLC/partnership (“pass-through entity”), because the income of the business is taxed only once, directly to the individual owners.

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Melanie LaSota | 5.12.2010

Pennsylvania and Federal Extension Deadlines for Fiduciary and Partnership Returns are Unified

In the past year, the Pennsylvania Department of Revenue and the Internal Revenue Service have not been on the same page with respect to the time granted pursuant to an application for an extension. While individual and corporate filers have consistently been granted an automatic six (6) month extension upon application, fiduciary and partnership filers had to mark another date on their calendars.
Kathleen Petrucci | 4.29.2010

Effective Immediately - Employers With Cafeteria Plans Can Allow Employees To Make Pre-tax Contributions for Adult Children

According to an IRS news release, as a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee's children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010.
Martin DiGiovine | 4.23.2010

The Tax Code May Catch Up with Technology - 21 Years Later

On April 14, 2010, The U.S. House of Representatives passed H.R. 4994 (The Taxpayer Assistance Act of 2010). Included in the legislation is a provision that would eliminate the strict substantiation rules that are currently in place for employer-provided cell phones and similar devices. Martin DiGiovine explains what this could mean.
Barbara Balcita | 4.21.2010

Treasury Announces Electronic Requirements for Payroll Taxes

The U.S. Department of Treasury announced on April 19, 2010 that it will be eliminating Form 8109, Federal Tax Deposit coupons, paper checks for government benefits, and paper option for payroll deduction for U.S. Saving bonds starting in 2011. What does that mean? Barb Balcita explains.

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Ron Kramer | 4.14.2010

New Restrictions on Cafeteria Plans and Reimbursements

Beginning in 2013, the Act imposes a limit of $2,500 per taxable year on employee salary reductions for coverage under a cafeteria plan Flexible Spending Arrangement.

Health Care Reform Includes Safe Harbor Cafeteria Plan for Small Employers

Under the new healthcare reform package, and effective for taxable years beginning after December 31, 2010, small employers will be allowed to adopt new “SIMPLE cafeteria plans.” Under the new law, SIMPLE cafeteria plans will be treated as meeting nondiscrimination requirements as long as certain eligibility, participation and minimum contribution requirements are met by the plans.

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