Preventing Tax Problems When Employees Travel

Preventing Tax Problems When Employees Travel

Sending employees on business trips is essential for countless companies and can result in tax headaches for both the employer and the employee if the tax regulations are not adhered to. If the rules are followed, the cost of the employee’s travel will be fully...
Tips To Reduce Payroll Stress

Tips To Reduce Payroll Stress

When you hire your first employee, you create an entire new task of complying with employment and labor laws and issuing a payroll. Payroll taxes create more administrative burden for small businesses than any other tax, according to the 2015 Small Business Taxation...
Tax Penalty For Not Having Insurance Ratchets Up In 2015

Tax Penalty For Not Having Insurance Ratchets Up In 2015

The tax penalty for not having minimum essential health insurance for yourself and other members of your tax family takes a substantial jump in 2015. For 2014, the penalty was the greater of the flat dollar amount ($95 for each adult plus $47.50 for each child under...
Are You Missing Out On The Earned Income Tax Credit?

Are You Missing Out On The Earned Income Tax Credit?

The Earned Income Tax Credit (EITC) is for people who work but have lower incomes. If you qualify, it could be worth up to $6,242 in 2015. So you could pay less federal tax or even get a refund. The credit is a refundable credit, so you can receive the benefits of the...