Business News Quarterly 3rd Quarter 2019

Teamwork Strengthens Payroll and Other Departments Teamwork is essential in virtually every business operation. But working as a team is critical when departments such as payroll, finance and human resources have overlapping functions. If your company expects to compete in a global economy, you must ensure that employees in these separate departments work together effectively. … Continued

Business News Quarterly 2nd Quarter 2019

The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn’t completely “free” under current tax law. Essentially, personal use of a company car is treated as a taxable noncash fringe benefit, subject to income tax … Continued

Business News Quarterly 1st Quarter 2019

If you are self-employed or retired, you don’t have tax withheld from a paycheck. So you need to “pay as you go” by sending estimated tax payments to the government on a quarterly basis. The federal due dates are April 15, June 15, September 15, and January 15. (If the due date falls on a Saturday or Sunday, … Continued

Business News Quarterly – Q4 – 2018

New Rules for Submission of 1099 Forms Rules and deadlines for filing 1099 forms are constantly revised and it’s important for tax professionals to stay on top of the changes. News IRS rules for submitting late 1099-MISC with Box 7 Starting in January 2019, the IRS will institute new rules regarding how to submit 1099-MISC … Continued

Business News Quarterly – Q3 2018

Truckers: Highway Use Tax Return Is Due August 31 The IRS is reminding truckers and other owners of heavy highway vehicles that, in most cases, their next federal highway use tax return is due on August 31, 2018. The deadline generally applies to IRS Form 2290 and the accompanying tax payment for the tax year … Continued