about 4 months ago - No comments
Criser Gough & Parrish Presents a Complimentary EXECUTIVE BRIEFING HR Mistakes That Can Cost You Money Did You Know That . . . Fines for mistakes on Employment Verification Form I-9s start at $100 per mistake per form? It is illegal to have medical information in personnel files? Incorrectly classifying someone as exempt who should [...]
about 4 months ago - No comments
by Julie Powers Are you a sole proprietor, farmer, landlord, partner or shareholder? If so, take note, because included on the 2011 Schedules, C, E and F and Forms 1065, 1120 and 1120-S are two new questions regarding 1099 compliance that must be answered. The first question is “Did you make any payments in 2011 [...]
about 5 months ago - No comments
IR-2011-116, Dec. 9, 2011 http://1.usa.gov/ttw0ow The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) [...]
about 5 months ago - No comments
Did You Know That . . . • Fines for mistakes on Employment Verification Form I-9s start at $100 per mistake per form? • It is illegal to have medical information in personnel files? • Incorrectly classifying someone as exempt who should be non-exempt can make you subject to fines, overtime pay and back wages? • Sexual harassment lawsuits [...]
about 7 months ago - No comments
IR-2011-104, Oct. 20, 2011, http://1.usa.gov/nPdoS7 WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace [...]
about 7 months ago - No comments
IR-2011-95, Sept. 21, 2011 WASHINGTON – The Internal Revenue Service launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. This new program will allow employers the opportunity to get into compliance by making [...]
about 10 months ago - No comments
IRS Summertime Tax Tip 2011-07, July 20, 2011 Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning from active duty and more. These tips may put military members a bit “at ease” when it comes to their [...]
about 11 months ago - No comments
IR-2011-69, June 23, 2011 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. The rate will increase to 55.5 cents [...]
about 11 months ago - No comments
Try as we may, the one thing no one can control is the weather. When natural disasters such as floods, tornadoes and hurricanes occur, families and businesses can often feel overwhelmed when faced with rebuilding their lives. IRS wants to help. Did you know that special tax law provisions may help you recover financially from [...]
about 1 year ago - No comments
IRS Tax Tip 2011-62, March 29, 2011, http://1.usa.gov/ivAo9z If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the IRS has put together the following eight tips to help you determine if your gift is taxable. [...]
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