Posted Dec 2 2016 12:00 PM by
A federal judge issued an injunction Nov. 22 that indefinitely delays the effective date of the new overtime regulations. These new regulations were set to go into effect on Dec. 1, 2016. It will be up to President-elect Trump’s administration to determine whether the overtime rules should be revised.
Posted Nov 30 2016 5:00 AM by
Congress, with the passage of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), enables small businesses to use research and development credits (R&D credits) to offset payroll tax liabilities and Alternative Minimum Tax (AMT) liabilities.
Posted Nov 16 2016 12:00 PM by
The 2016 election is now behind us. With the republicans controlling not only Congress, but the White House as well, many changes are being forecast for 2017. One area that could see sweeping change is tax law. While there is uncertainty surrounding what form these modifications to tax law might eventually take, the following proposals were part of President-elect Trump’s campaign materials.
Posted Oct 21 2016 4:00 AM by
Katz, Sapper & Miller will present a 2016 Year-End Not-for-Profit Accounting and Tax Update Nov. 17 in Indianapolis, IN and Nov. 18 in Fort Wayne, IN.
Posted Sep 22 2016 3:26 PM by
The Alabama Department of Revenue has issued guidance to contractors, subcontractors, and Alabama governmental entities regarding the reporting requirements of Ala. Code § 40-9-14, which requires the Department to issue Form STC-1 (Sales and Use Tax Certificate of Exemption for Government Entity Projects) to all contractors and subcontractors working on qualifying governmental entity projects.
Posted Aug 19 2016 12:46 PM by
On Aug. 2, 2016, the Internal Revenue Service (IRS) released controversial proposed regulations under Section 2704 of the Internal Revenue Code. These proposed regulations are designed to eliminate minority/marketability discounts for family-owned entities for gift, estate and generation-skipping transfer tax purposes. These entities include operating businesses, as well as investment entities.
Posted Aug 10 2016 4:00 AM by
Katz, Sapper & Miller’s Beth Scott, a director in the firm’s Veterinary Services Group and CPA for the Georgia Veterinary Medical Association (GVMA), will host a series of interactive webinars on best practices for business management in the veterinary industry.
Posted Aug 9 2016 1:16 PM by
The Association of Foreign Investors in Real Estate’s (AFIRE) annual foreign investment survey reported that 64 percent of respondents intend to increase U.S. investment in real estate in 2016. Data collected by Real Capital Analytics Inc. indicates that foreign purchases of U.S. real estate leapt from less than $5 billion in completed deals in 2009 to $87.3 billion of completed deals in 2015.
Posted Aug 8 2016 4:00 AM by
Katz, Sapper & Miller’s Jolaine Hill, a director in the firm’s Tax Services Group, will host a webinar to discuss options for counseling clients who are unable to pay tax liabilities when they are due. Designed for accountants, controllers, executives and attorneys, this webinar will be held on Sept. 23 from 1:00 p.m. – 2:40 p.m.
Posted Jul 26 2016 4:00 AM by
If your restaurant has employees who receive tips on a regular basis, you may be eligible for the “Credit for Employer Social Security and Medicare Taxes,” better known as the “FICA tip credit.” The credit is equal to the employer-paid FICA taxes above the minimum hourly wage.