Resources

Are you rushing to meet the April 15 deadline to file your personal income taxes? Well, good news for procrastinators as you might be in luck. If you haven’t started preparing your 2013 tax return, or maybe you have more to report than the income on a W-2 and a 1099, here’s an easy solution: File for an extension.

While many portions of the Affordable Care Act (ACA) have been delayed, postponed or a mixture of the two, the IRS recently released two rules for employer reporting requirements.These rules are seen in Section 6055 and 6056 and will be reported via forms 1095-B and 1095-C, respectively. Both employers and insurers may voluntarily report for 2014, but reporting will not be required until 2015.

The prospect of boosting wages can ruffle the feathers of businesses that believe such a hike would force them to cut jobs. Their theory may be put to the test, as President Barack Obama has issued a proposal to the U.S. Department of Labor to expand the eligibility requirements for overtime workers. This expansion would raise the minimum salary an employee must receive in order to qualify for overtime pay by more than double what it is today.

As religious congregations attend worship services, the unique payroll tax and HR requirements for clergy and staff may be the furthest thing from their minds. However, away from the pulpit, church leaders wrestle with issues such as whether clergy are self-employed or part of the payroll, how to accurately calculate estimated quarterly taxes and even if the definition of “clergy” is met as it relates to tax reporting.

President Barack Obama’s promise to increase the minimum wage for federal contract workers became official when signed an executive order earlier this week. The increase from $7.25 to $10.10 per hour will become effective Jan. 1, 2015.

Change is coming again for employers subject to the Affordable Care Act’s employer mandate as the Obama administration announced two major modifications on Feb. 10, including: further delaying portions of the mandate for certain employers, and adjusting the percentage of employees who must be covered by employers beginning in 2015.

If you are an employer with federal government contracts, prepare to pay your employees a higher minimum wage on new contracts soon. President Barack Obama announced in a Jan. 28 White House fact sheet that he intends to issue an executive order in coming weeks requiring employers to pay contract workers at least $10.10 an hour, so price your future bids accordingly and anticipate additional guidance to ensure compliance.

Owning a restaurant seems like a glamorous idea, or at least it did to me, but there’s more to running a restaurant than cooking good food and mingling with customers. In order to be a successful restaurateur you have to have a good grasp on the fundamentals on running your establishment. You have to meet customer demands, maintain inventory as well as staff and manage expenses.

For many people losing weight tops the lists of resolutions, but it isn’t the only solution to improving your well-being. Start the New Year right by shaving a few pounds off your work load rather than just your waist.  With tax season right around the corner, now is the perfect time to get all your […]

Experts say that this trend is endangered by an excise tax, otherwise known informally as the “Cadillac tax,” mandated under the federal government’s Affordable Care Act.

Although there have been numerous delays with the Affordable Care Act, it is important that business owners continue to plan for its changes – especially within the hospitality industry. This industry can be impacted significantly by the ACA, as much of the workforce is considered part- time, seasonal or temporary.

In the scope of basic math, the difference between 30 and 40 isn’t much. The continuing battle over the Affordable Care Act (ACA), however, is anything but basic. Currently at stake in the U.S. House of Representatives is the definition of a full-time employee. Whereas most federal labor laws equate a 40-hour workweek to full-time employment, the ACA definition lowers that to 30.