by Digital BTYcreative | Dec 10, 2015 | Tax & Financial News & Updates
In between preparing for the year-end holidays, school vacations, travel, work, and so on, tax planning should not be on the back burner. Although 2015 is quickly coming to a close, there is still time, with careful planning, to execute some last minute tax...
by Digital BTYcreative | Dec 10, 2015 | Tax & Financial News & Updates
The new Bipartisan Budget Act of 2015, signed into law by President Obama in November, makes some far-reaching changes to partnership audits along with repealing automatic enrollment in health plans under the Affordable Care Act (ACA). The new law is a good preview of...
by Digital BTYcreative | Dec 10, 2015 | Tax & Financial News & Updates
Tucked into the pending highway and transportation spending bill is a provision authorizing the IRS to outsource some tax collection activities. If this sounds familiar, it is. Several times in the past 20 years, the IRS has contracted with private sector debt...
by Digital BTYcreative | Dec 10, 2015 | Tax & Financial News & Updates
A business that has employees must withhold income taxes on payments to each employee. Each employee must first fill out Form W-4, Employee’s Withholding Allowance Certificate, and provide it to the employer. On the form the employee can claim exemptions, such as the...
by Digital BTYcreative | Dec 10, 2015 | Tax & Financial News & Updates
An S corporation can own an interest in another business entity. It can also be a partner in a partnership or a member of a limited liability company (LLC). An S corporation can own 80 percent or more of the stock of a C corporation, which can elect to join in the...
