Tax Calendar – Dec 2013
December 16 Employers. For Social Security, Medicare, withheld income tax, and nonpayroll withholding, deposit the tax for payments in November if the monthly rule applies. Corporations. Deposit [...]
Update on Same-Sex Spouses
In the October 2013 issue of the CPA Client Bulletin, we discussed tax issues facing same-sex married couples, in light of the Supreme Court’s ruling that Section 3 of the federal Defense of [...]
Businesses Must Give Notice
One of the Affordable Care Act’s new requirements went into place on October 1, 2013. (That assumes no extension was granted before press time.) This applies to virtually all employers: any [...]
Shopping Malls for Health Insurance
On October 1, 2013, state health insurance exchanges were launched. The exchanges are also known as marketplaces, because they offer you a chance to shop for health insurance. Each state has its [...]
Pay Premiums or Pay a Penalty
As of 2014, most Americans must have health insurance. If you don’t, you may have to make what the law calls a “shared responsibility payment.” Such payments will be made to the IRS, so they will [...]
Alert: New Rules for Health Insurance
Federal health insurance legislation passed in 2010 is commonly known as the Affordable Care Act. By any name, the legislation is far reaching, with many provisions that take effect in various [...]