by Mark Holloway | September 26, 2018 | Tax Issues
Last year’s tax reform law, the Tax Cuts and Jobs Act (Act), eliminated the rules allowing individuals to exclude from taxable income amounts an employer pays for some job-related moving expenses, except for certain active-duty members of the armed forces....
by Mark Holloway | August 13, 2018 | Compliance Services, Employer Mandate, Reporting & Disclosure, Tax Issues
By now, you’re likely aware that the IRS has sent hundreds of letters to employers indicating that they may owe penalties because of noncompliance with the ACA employer mandate. Penalties can occur when a full-time employee purchases coverage on a state insurance...
by Mark Holloway | June 8, 2018 | Tax Issues
The Internal Revenue Service (IRS) has proposed new rules to increase the number of employers required to file tax information electronically with the IRS. The new rules would apply to Forms W-2, 1099, the Affordable Care Act (ACA)-related 1095-C and other information...
by Mark Holloway | April 5, 2018 | Compliance Services, State and Local Issues, Tax Issues
Massachusetts has started mailing employer letters explaining the operation of a new tax assessment that will apply beginning on April 30. Unfortunately, the letter is confusing and could lead some employers to erroneously conclude they must designate their medical...
by Scott Behrens | March 29, 2018 | Tax Issues
The tax reform package signed into law late last year included a provision eliminating the ability of employers to deduct payments made for qualified transportation benefits like employee parking and mass transit passes. The new rule is straightforward when the...
by Lisa L. Carlson | December 11, 2017 | Paid Leave Laws, State and Local Issues, Tax Issues, Uncategorized
As employers are setting up 2018 payroll, the critical question has become, “How on earth are we supposed to tax premium payments and benefits under the New York Paid Family Leave (NYPFL) law?” While New York has addressed some tax issues, so far there has been no...
