Worried and Flummoxed over errors in filing your tax returns with the IRS. Don’t be. You can still go ahead and amend your returns. Below are top 10 tips from the IRS that you can do to amend your tax returns –
As per the deadline given by the IRS – for all Applicable Large Employer (ALE) and Self-Insured Employer, the last date for e-filing ACA information returns is midnight June 30, 2016.
For all those who couldn’t submit the information by June 30, 2016, it is important for them to know the following –
Capitalization of costs is the usual practice that any business has to follow when they buy an asset which is supposed to render service for more than a year (usually for fixed assets). In simple terms, that means the cost of the asset is written off in the balance sheet over a number of years. There are rules and laws of depreciation & amortization in place on how to do this actually and it depends on the type of asset acquired.
The latest update of Checkmark payroll software 16.0 is full of new enhancements ensuring employers process payroll effortlessly. We release updates annually based on the feedback provided by thousands of small business owners using Checkmark payroll software.
Here’s a quick rundown of all the recently added features of Checkmark payroll software 2016.
CheckMark is pleased to announce that we have been recognized as one of the Top 10 Accounting Solution Providers in 2016 by CFO Tech Outlook Magazine, one of the most popular technology & business magazines in the finance sector. The awards recognize the very best accounting solutions in the finance industry that are not only efficient but are also affordable and reliable.
In honor of President’s Day, we’re offering 10% OFF on our paper products. Stock your yearly paper product supplies including Checks, Envelopes, Tax Forms and Business Forms today. Order Online and Use Coupon Code: CEWS10, you may also order by downloading order Form and sending it to us.
Obamacare or ACA compliance is real, it’s complicated and it’s here to stay. Business owners today face a new challenge to be at par with ever changing rules and their interpretations and to also act accordingly to track and report to the IRS.
Below we present a couple of factors that are a good start for analyzing the current status of a business owner in terms of liability towards ACA.
With the new directives from the IRS, providers of minimum essential coverage are required to report certain information not only to the individual about their health coverage but also to the IRS, starting 2016.
To stay in-line with the individual shared responsibility criteria Taxpayers use the information stated in Form 1095-B, Health Coverage Information Return Form 1095-C, Employer-sponsored health offer and coverage whenever they file their tax returns. IRS would use this information to ascertain the number of months the individual has health coverage.
Since a lot of phishing schemes are exposed every now and then by IRS and other concerned government departments, hackers, and cyber criminals are finding new and innovative ways of committing fraud. The latest phishing scheme, which is specially targeted towards large organization, works something like this: