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Tax Alerts

  • 4/3/2014

    State Income Tax Nexus - What is it and how can it help you?

    How do you know when you have reporting requirements in other states for state income tax? “Nexus“ determines the company’s reporting requirements and tax obligations for a particular state.

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  • 3/13/2014

    US Withholding Requirements for Payments to Foreign Persons

    Does your business make payments to foreign persons? If so, US withholding taxes may be required. Learn more...

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  • 2/19/2014

    FINAL ACA Health Insurance Mandate Rules

    Finally, the Treasury has issued final regulations on the Health Insurance Mandate for Employers, which includes transitional relief for Mid-Size Employers...

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  • 1/28/2014

    Misclassification of Workers can Cause Problems

    The IRS has increased audits of businesses to determine if they are misclassifying employees as independent contractors.If a taxpayer misclassifies an employee as an independent contractor they can be liable for back payroll taxes, interest and penalties. The employer could also face penalties for not providing workers compensation insurance, employee benefits and state unemployment insurance. Starting in 2015, the employer can also be subject to a penalty for not providing health insurance coverage for the employee.

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  • 1/16/2014

    Foreign Asset and Bank Account Reporting

    As in prior years, annual reporting of foreign financial assets and foreign bank accounts is required and there continues to be rigorous enforcement of significant penalties if the reporting is not done.

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