Blog
KY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms, tornadoes, flooding and mudslides in Kentucky on May 3, 2009, President Barack Obama declared the following counties a federal disaster area: Breathitt, Floyd, Owsley and Pike....
FL Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms, flooding, tornadoes and straight-line winds in Florida on May 17, 2009, President Barack Obama declared the following county a federal disaster area: Volusia. Therefore, the...
Unemployment Rate Rose to 9.4 Percent in May
Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6 months, the Bureau of Labor Statistics of the US Department of Labor reported recently. The...
Question of the Week: How Do Students Claim Exemption from Income Tax Withholding?
This week’s question comes from Will, a restaurant owner. We’ve hired several students to work for us this summer. Most of them don’t expect to owe any income tax this year. How do students claim...
Unemployment Insurance Weekly Claims Report Update for May 30, 2009
According to the US Department of Labor, in the week ending May 30, the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week’s revised figure...
Tip of the Week: The Impending Impact of the Employee Free Choice Act
You may have heard news reports about the Employee Free Choice Act (EFCA), but aren’t sure how it might impact your company. All employers must be aware of what its passage would mean, how it would...
US Department of Labor Issues Opinion Letter on On-Call Time for Ambulance Personnel
The US Department of Labor (DOL) recently issued Administrator signed Opinion Letter FLSA2009-7. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each...
IRS Updates Form 941 Instructions for COBRA Premium Assistance Reporting
The Internal Revenue Service (IRS) has updated its instructions for Form 941, Employer’s QUARTERLY Federal Tax Return. Using the new guidance, employers are now instructed to report on line 12a “65%...
US Department of Labor Issues Opinion Letter on Exempt Status of Pilots
The US Department of Labor (DOL) recently issued Administrator signed Opinion Letter FLSA2009-6. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each...
IRS Issues Guidance on Work Opportunity Tax Credit in Notice 2009-28
The Internal Revenue Service (IRS) recently issued Notice 2009-28 offering guidance on the Work Opportunity Tax Credit (WOTC) under §51 of the Internal Revenue Code of 1986 (IRC). Under the American...
