March 16, 2017 by Sheila Denny-Andrews
As Baby Boomers enter into retirement, employers are seeing that there are not enough individuals to backfill many of the roles the Baby Boomers filled within their organizations. As such, it is more critical than ever that employers review their employee turnover rate to determine if they are successful at...
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The IRS has posted several warnings in the last couple weeks related to W-2 phishing scams. Please make sure you have procedures to verify the validity of requests for sensitive information to protect you and your organization from these scams. Cybercriminals will “spoof” an executive’s email and request sensitive information...
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Many people believe that the Estate Tax only affects the very wealthy. With a 2016 Federal Estate Tax Exemption of $5,450,000 (increasing to $5,490,000 for 2017) and the opportunity to carryover any unused exemption to a surviving spouse (under a DSUE election) allowing a married couple to shelter up to...
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November 29, 2016 by Staff
Form 1099-MISC reporting nonemployee compensation in box 7 is now due to the IRS by no later than January 31, 2017 whether you file by paper or electronically. Forms W2 and W3 are due to the Social Security Administration by the same date. Although there are technically 30 day extensions...
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November 22, 2016 by Aaron Thomas
It is that time of the year again. Along with all the holiday festivities, accountants are also busy finalizing the books for 2016 and preparing for 2017. Here are some tips to help you stay organized and accomplish all the yearend tasks: Schedule year end software updates. Consultants are busy...
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