2015 ALE Healthcare Reporting: Guidelines and Deadlines
The IRS recently released 2015 draft instructions for businesses required to complete Affordable Care Act (ACA) compliance Forms 1094-C and 1095-C.
News & Tech Tips
Tips for Compensating S Corp. Shareholder-Employees
When distributing profits in the form of dividends rather than salary, an S corporation and its owners can avoid payroll taxes on these amounts. Because of the additional 0.9% Medicare tax on wages in excess of $200,000 ($250,000 for joint filers and $125,000 for married filing separately), the potential tax savings may be even greater than it once would have been…
NQSO Tax Treatment Differs from ISOs
With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive stock options (ISOs)…
Want to collect your 2015 tax refund now?
If you typically receive a large federal income tax refund, you are essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in 2016, you can…
Are you ready for ACA information reporting?
The U.S. Supreme Court’s June 25 decision once again upheld the Affordable Care Act (ACA), meaning employers subject to the act’s information reporting provision can no longer afford to put off planning in the hope that the requirements might go away. Beginning in 2016, “large” employers defined by the act…