You are here

It’s Time for a PTC Checkup for your 2016 Health Insurance Marketplace Coverage

Mon, Jul 25th 2016
If you or anyone in your family are getting advance payments of the premium tax credit, it’s that time of year for a checkup to see if you need to adjust your premium assistance. Since the advance payments are paid directly to your insurance company and lower the out-of-pocket cost for your health insurance premiums, changes in your income or family size may affect your credit.  You should report changes that have occurred since the time that you signed up for your health insurance plan.... Read More »

Let Uncle Sam Help You Become Energy Efficient

Mon, Jul 18th 2016
If getting more energy efficient at home or work is on your to-do list, let Uncle Sam help get things kick-started with some timely tax incentives. One example: you can claim a tax credit equal to 30% of the cost of a qualified solar-electric system if the system is installed this year. In some cases, you have to follow special rules. For instance, solar water heating property must meet certain performance criteria and cannot be used for a swimming pool or hot tub. Other energy technology is... Read More »

Watch Out for Federal Excise Taxes

Mon, Jul 11th 2016
The federal government raises additional revenue by imposing excise taxes on certain goods and activities. Generally, if your construction company owns heavy trucks that use the public highways, it is required to pay the federal highway vehicle use tax. Your company may also receive a credit or refund for fuel excise taxes paid on fuel used for certain off-road uses. The heavy highway vehicle use tax is imposed on trucks and truck tractors if they are: ·         Highway motor vehicles — defined... Read More »

Boost Employee Productivity with PAID TIME OFF

Tue, Jul 5th 2016
A good employee is a valuable company asset, and no doubt you want your employees to be as productive as possible – which is why a suggestion to boost productivity with time off might sound counterintuitive. Paid time off (PTO) can be a critical component of your employee benefits package. Besides the obvious perk to workers, as a business owner, you stand to gain from offering paid time off as well. One reason is that PTO is tax deductible, just like regular wages. Other reasons include health... Read More »

Wage Garnishments — Risks and Responsibilities

Tue, Jun 28th 2016
With just over 7% of all workers having had their wages garnished,* odds are your business will be asked to garnish the wages of an employee at some point. The primary reasons for garnishment are unpaid child support, tax liens, and student loans/consumer debt. What are your obligations when it comes to wage garnishment? Are there risks to noncompliance? Overview Generally, when wages are garnished, an employer withholds money from an employee’s paycheck and sends these funds to a creditor for... Read More »