Apr 3, 2017 | Announcements, Human Resource, Tax Articles
The Minimum Wage rates are scheduled to increase each year on 12/31 until they reach $15.00 per hour. Employers must post a Minimum Wage Information poster in their establishment. General Minimum Wage Rate Schedule Location 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20...
Apr 3, 2017 | Announcements, Tax Articles
IRS Notice 2017-23, provides guidance on a new provision explaining how eligible small businesses can take advantage of a new option enabling them to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability....
Jan 10, 2017 | Announcements, Tax Articles
Federal law gives a tax credit to eligible small employers who provide health care coverage to their employees. Questions and answers provide information on the credit for tax years beginning in 2014. For additional information, refer to...
Apr 4, 2016 | Announcements, Human Resource, Tax Articles
(IRS Health Care Tax Tip 2016-32, March 16, 2016 – Updated March 21, 2016) The health care law includes the employer shared responsibility provisions, which require applicable large employers to offer health coverage to full-time employees and their dependents. Those...
Mar 8, 2016 | Announcements, Payroll, Tax Articles
The IRS released Notice 2016-22 (click here for PDF of notice) which provides guidance and transition relief on the Work Opportunity Tax Credit (WOTC) as part of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The PATH Act extends the WOTC through...
Jun 23, 2014 | Announcements, Tax Articles
What exactly are high earners? The monetary thresholds are defined in the IRS table below. Wages and self-employment earnings on which Medicare tax is charged, and which exceed the thresholds listed, are subject to the “additional Medicare tax,” as the IRS...
