HR compliance information for legislative changes due to American Taxpayer Relief Act of 2012 (H.R. 8).
Archive for the ‘Tax Issues’ Category
(Just a friendly reminder about those 5500 & 5500-EZ forms, folks.) hireVision would like to take this moment to remind employers about the upcoming July 31, 2011 filing deadline for your company’s 5500 & 5500-EZ forms. The United States Department of Labor (DOL) now uses the EFAST computerized processing system. EFAST is designed to simplify [...]
It’s December, which means time is running out for you to report your company’s group life insurance imputed income to Uncle Sam. Many companies don’t realize offering employees an employer-paid group term life insurance policy in excess of $50,000 is considered a fringe benefit by the Internal Revenue Service (IRS). Employers are required to report [...]
Just a heads up for our readers about a major change to flexible spending arrangements (commonly referred to as flexible spending accounts or FSAs). New requirements for 2011 will go into affect as of the first of the year that will make it necessary for people to have a doctor’s prescription for many of their [...]
If you are on the fence about hiring new employees (or ones you were forced to lay off when the recession hit your business) right now, you have got to check out the article “Hire Now, Save Later” on Entrepeneur.com ASAP. They discuss how some companies maybe able to save thousands in taxes by giving [...]