Blog
Tip of the Week: Employees vs. Interns
Many businesses consider having an intern due to budgetary concerns in hiring an employee. However, an intern is not free labor. An internship must be a learning experience for the benefit of the...
Former Williams College Professor Denied COBRA Coverage Due to Gross Misconduct
An Assistant Professor in the Williams College (Williams) Political Science Department was denied continuing health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act of...
Independence Day Holiday May Require Change in Processing Schedule
Monday, July 5, 2010 will be the celebration of Independence Day, a federal holiday. The offices of Vision Payroll will close July 2 at 5 pm EDT and re-open Tuesday July 6. Most banks will also be...
Impact of the Small Business Health Care Tax Credit on Estimated Tax Payments
The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over several weeks, Vision...
Claiming the Small Business Health Care Tax Credit Without Taxable Income for Tax-Exempt Employers
The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over the next several weeks,...
Question of the Week: Are Health Insurance Costs Required To Be Reported on Form W-2?
This week’s question comes from Beverly, a small-business owner. We pay health insurance costs for our employees. I heard there was a change in reporting health insurance costs under the new law....
Unemployment Insurance Weekly Claims Report Update for June 12, 2010
According to the US Department of Labor, in the week ending June 12, the advance figure for seasonally adjusted initial claims was 472,000, an increase of 12,000 from the previous week’s revised...
Tip of the Week: IRS Releases Updated Form 8846
The Internal Revenue Service (IRS) recently released an information sheet attached to 2009 Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips. The note...
Claiming the Small Business Health Care Tax Credit Without Taxable Income
The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over the next several weeks,...
IRS Explains How to Correct Overwithholding Errors
In a response to Representative Jeff Miller (R-FL), the Internal Revenue Service (IRS), in Information Letter 2010-0010, outlines the process to use after the close of the payroll tax year to...
