Saving for retirement may have become more affordable for some of your employees On August 17, 2006 President Bush signed the Pension Protection Act of 2006, making the Saver’s Credit permanent. First introduced as part of the Economic Growth and Tax Relief...
A new Trojan email is circulating on the web and is claiming to be from the IRS. The IRS does not and will not communicate by email when it will send out notices. If you are not already communicating with the IRS and you do receive an email do not open it. The email...
The Internal Revenue Service recently identified 12 of the most blatant scams affecting American taxpayers. This year the “Dirty Dozen” highlights five new scams that IRS auditors and criminal investigators have uncovered. New to the Dirty Dozen this year are abuses...
Touble figuring out if an employee is nonexempt or exempt? Information that will make classifying employees a little easier The DOL has many classifications and qualifications for an exempt employee. The qualifications are open to interpretation and the DOL has...
When filling out a W-4 many employees assume that their tax status will continue to stay the same, unless they make changes to it. This is not the case for employees who claim exempt on their taxes… If an employee claims exempt on their W-4’s, the employer will not...
Tax Calendars for 2007 (Publication 509), has been released by the IRS. A tax calendar is a 12-month calendar divided into quarters. The calendar gives specific due dates for the following: Filing tax forms; Paying taxes; and Taking other actions required by federal...
