Blog
Question of the Week: What Is a Taxable Wage Base?
This week’s question comes from April, an office manager. I’ve read that the taxable wage base has increased in New Hampshire for 2011, but I’m not sure of the impact. What is a taxable wage base?...
Unemployment Insurance Weekly Claims Report Update for February 26, 2011
According to the US Department of Labor, in the week ending February 26, the advance figure for seasonally adjusted initial claims was 368,000, a decrease of 20,000 from the previous week’s revised...
Tip of the Week: Worker Misclassifications and How to Avoid Them
Substantial enforcement developments from government agencies focusing on worker classification compliance are putting employers on notice. Learn about the issues affecting businesses nationwide and...
IRS Announces Revision To Withholding on Nonresident Alien Employees
In Notice 2011-12, Withholding on Wages of Nonresident Alien Employees Performing Services Within the United States the Internal Revenue Service (IRS) announced that Notice 2009-91 will not apply to...
IRS Confirms It Sent Incorrect Penalty Notices
In IMRS10-0001357, the Internal Revenue Service (IRS) confirmed that erroneous CP 276B and CP 207 notices were sent to several taxpayers. IMRS Addresses Significant Issues Regarding IRS Policies,...
IRS Announces Lactation Expenses Qualify as Deductible Medical Expenses
In Announcement 2011-14, the Internal Revenue Service (IRS) “has concluded that breast pumps and supplies that assist lactation are medical care under § 213(d) of the Internal Revenue Code because,...
IRS Releases Draft Form 941
The Internal Revenue Service (IRS) recently released a draft Form 941, Employer’s QUARTERLY Federal Tax Return. The revised Form 941 will be used for reporting information for the first quarter of...
Question of the Week: What Are the Updated Standard Industry Fare Level Rates?
This week’s question comes from Trevor, a company president. Some of our employees use our company aircraft for personal purposes. We need to value this and include it income for those employees....
Unemployment Insurance Weekly Claims Report Update for February 19, 2011
According to the US Department of Labor, in the week ending February 19, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 22,000 from the previous week’s revised...
Tip of the Week: Second Quarter Interest Rates Increase
In IR-2011-017, the Internal Revenue Service (IRS) announced that interest rates for the second quarter of 2011 would increase from the first quarter. The rates are as follows: Four (4) percent for...
