by dojodigital | May 15, 2019 | Taxes
Introduced in 2017 via the 21st Century Cures Act, the QSEHRA is an employer-funded health benefit that enables tax-free reimbursements. Only small employers with fewer than 50 full-time employees and those who do not otherwise provide a group health plan can offer a...
by chris | Apr 9, 2019 | Business Tips, Payroll, Taxes
A lookback period is the length of time that the IRS uses to measure the amount of taxes paid by an employer. The lookback period also helps the employer determine its deposit schedule.Payroll Taxes, Filings and Lookback PeriodsEmployers must withhold federal income...
by chris | Apr 9, 2019 | Payroll, Taxes
Tax withholding is a seemingly inevitable part of working, but there are exceptions, as shown by the following information about employees exempt from withholding.Student employeesGenerally, individuals employed by a school, college or university where they are also...
by chris | Mar 27, 2019 | Business Tips, Payroll, Taxes
Wages earned by J-1 employees have always been taxable for Federal and State income tax but exempt from Social Security and Medicare. As a result of tax reform in 2018, there is no longer a personal exemption for J-1 employees. Prior to 2018, the personal exemption...
by chris | Jan 7, 2019 | Business Tips, Payroll, Taxes
The tax reform passed at the end of 2017 runs to about 70,000 words. It’s a large and complicated piece of legislation, and we can look forward to additional guidance and clarifications. For now, here are summaries of some of the key provisions impacting 2018...
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