Payroll
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First-Party Fraud Costs $100 Billion Per Year
An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
GASB Offers New Toolkit for Pension Accounting Standards
A new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards that the GASB approved in June 2012. The toolkit is available at no cost at the GASB website.
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IRS Offers 7 Tax Tips on Health Care Credit
The Obama administration is relying on various federal agencies and organizations to help implement the complex rules under the Patient Protection and Affordable Care Act (PPACA), the comprehensive health care legislation otherwise known as “Obamacare.” Naturally, the IRS is expected to play a major role, including enforcement of the penalties for failing to obtain minimum coverage and imposition of the 3.8% Medicare surtax on “net investment income” (NII) for certain upper-income investors.
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How to Use Criminal History Background Checks Wisely
One of 2013’s hallmarks in the labor and employment field is the aggressive stance taken by the Equal Employment Opportunity Commission (“EEOC”), which enforces federal anti-discrimination laws. The EEOC’s Strategic Enforcement Plan (“SEP”), issued in December 2012, makes clear that the Agency’s primary objective is to combat “systemic discrimination” and barriers to employment.
Retailer Association Warns Against Minimum Wage Increase
The latest national employment report held some bad news at our nation's retailers, and the National Retail Federation is sounding the alarm about further job declines should minimum wage legislation be passed.
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Advanced Micro Solutions, Inc
AMS Payroll is an add on module to the W-2/1099 Forms Filer, allowing payroll and non-employee compensation to be entered by check throughout the year. The program supports either “Live” or After-The-Fact Payroll.
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New Obamacare Rules Let Existing Health Insurance Plans Continue Until 2016
On March 5, the government released a second set of comprehensive regulations relating to the controversial health care legislation. Previously, regulations had extended the employer mandate for certain mid-sized firms by one year to January 1, 2016, while all responsible firms had benefited from a prior one-year delay. Now, following an earlier reprieve, the grace period for individual policies that don’t meet the law’s requirements has been extended by two years, to October 1, 2016.
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The Affordable Care Act: Still a Moving Target for Employers, Employees
On February 11, the Treasury Department rolled out a new round of changes to the Affordable Care Act (ACA). The changes will affect medium and large employers, as well as some teachers and volunteer workers. Here are the highlights:
The Top 10 States for 401(k) Plans
Which states have the best 401(k) plans when it comes to participation rates and employer matching? Rankings were based on the percent of 401(k) plans receiving top Plan Scores for all 401(k) plans in each state.