Client Accounting Services Articles
Steps to Take If You Receive an IRS Audit Letter
Posted by Timothy Bubar on October 03, 2022
Getting contacted by the IRS and told your tax return is being audited may cause business owners to panic. But you’ll fare better if you understand IRS audits.
Rules for Reporting Employee Health Coverage
Posted by Kathryn Mellon on August 09, 2022
Form 1095-C is filed with the IRS and provided to employees of “applicable large employers” who are full-time employees. Which employers are affected and what must they do?
4 Tips for Working With A Resource-Constrained Internal Revenue Service
Posted by Timothy Bubar on June 07, 2022
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The signs are evident, for example, in the long wait times for calls to be answered, tax return processing delays and increased instances of penalties being assessed against compliant taxpayers. Perhaps most frustratingly, IRS examinations that could have been resolved cooperatively with an adequately staffed agency have become unnecessarily prolonged and, in some cases, contentious.
Five Benefits - Automating the Accounting and Bookkeeping Process
Posted by Timothy Bubar on December 23, 2021
If your business hasn’t gone digital yet, it could be missing out on these five key benefits.
Time to Take Another Look at Health Savings Accounts
Posted by Timothy Bubar on January 15, 2021
If your company is thinking about switching to a high-deductible health plan to save money, consider adding a Health Savings Account (HSA) option. Similar to traditional IRAs, HSAs can offer tax breaks and other benefits to employers and employees.
Offer FSAs to Employees? You May Need to Act Before Year-End
Posted by Timothy Bubar on October 07, 2020
If you offer employees FSAs, it's important to keep abreast of the latest changes, including those made by the CARES Act.
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Posted by Timothy Bubar on September 22, 2020
Employers already know they must pay non-exempt employees for every hour they work, however, when those employees work from home it's harder to keep track of those hours. The Department of Labor has just issued a "field assistance bulletin" to remind employers of what's required.
Who Will Run Your Business After You?
Posted by Timothy Bubar on July 16, 2020
There's nothing like a deadly global pandemic to remind us of our mortality. It's never too soon to begin thinking about what you would like to see happen to your business once you retire or are no longer able to run the company you built. The sooner you begin to plan, the greater the chances you'll reach your goal.
Why Maintaining Payroll Records Remains an Absolute Must
Posted by Timothy Bubar on July 16, 2020
As disruptive as it has been, the COVID-19 pandemic doesn't excuse employers from maintaining comprehensive payroll records. If a complaint triggers an EEOC or DOL investigation, you'll want to be ready with an employee file that can support your position.