-
5/23/2013
Starting May 7, 2013, all U.S. employers are now required to complete the revised version (revision 03/08/13) of the federal Form I-9 to verify the eligibility of newly hired employees. No previous versions of the form will be allowed as of this date.
view details
-
3/8/2013
The Wisconsin Surcharge Tax for S Corporations is currently being returned to taxpayers. The Wisconsin Department of Revenue has a computer glitch and is not sure when it will be fixed.
view details
-
3/6/2013
Like many of us, you've probably dreamed of turning a hobby or avocation into a legitimate business. You won't have any unusual tax headaches if your new business is profitable. However, if the new enterprise consistently generates losses (when deductions exceed income), the IRS may step in and say it's a hobby—an activity not engaged in for profit—rather than a business. IRS examinations are focusing more attention on taxpayers claiming losses, including assertions that taxpayers purported business activities are actually hobbies and subject to the hobby loss rules.
view details
-
2/28/2013
The Affordable Care Act (ACA) requires businesses to provide health insurance or pay significant penalties beginning in 2014. Many businesses are questioning whether they should provide the health insurance or pay the penalties? What should they do now?
view details
-
2/6/2013
Last year, foreign reporting of financial assets began for individuals. This reporting is an annual requirement and there continue to be significant penalties for non-compliance.
view details