Professionals on the Move – January 31, 2014
A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
The annual government tally of union membership found little change in the percentage or number of American workers who hold union cards.
Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.
Most U.S. taxpayers must secure health insurance coverage this year whether they want to or not. But the IRS and Treasury Department have clarified several exceptions to the rules in new proposed regulations relating to the health insurance mandate for individuals.
It was the best of payroll processing times, it was the worst...well, you get the idea. Payroll used to be complex and tedious work, so much that many accounting firms stopped offering the service.
Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make a tight deadline even more stressful.
Small businesses are hiring, and employment at smaller firms grew in Illinois and Indiana last month.
Like most other restaurants in Maine, DiMillo's On the Water in Portland says it will no longer charge automatic gratuities for most large groups now that a change in the federal income tax code has closed a long-standing loophole.