Category Corporations


S Corp Tax Status Targeted Again

While recent deals have postponed financial disasters such as the “Fiscal Cliff”, “Default”, and “Government Shutdown”, each of these monsters are once again waiting just around the corner.  As a result, Congress is back to the drawing board in an attempt to strike up a grand bargain to prevent the next scheduled crisis.  The grand …


Florida Re-Employment Changes for Employers

You may have noticed a change in the quarterly payroll taxes you file with the State of Florida.  They are no longer for Unemployment Compensation Tax.  They are now for Re-Employment Tax.  That might help you feel a little better about the higher rates you’ve been paying. Florida Form UCT… er… RT-6 Fortunately, the State …


IRS Offices, Call Centers Closed… Taxpayer Requirements Unaffected

The IRS offices and call centers are closed! But don’t get excited yet… it’s not going to be a tax holiday. If you call the IRS, you’ll hear the following greeting: “Due to the current budget situation, all IRS offices are closed. We will resume normal operations as soon as possible. All tax payment and …


FAQ on the ACA Forms and Deadlines

We have been receiving a lot of questions in our office about the ACA forms due October 1 to be distributed to all employees.  We would like to take a moment to answer those questions and others with our own FAQ on the ACA forms and deadlines: 1. Do these forms need to be distributed …


QuickBooks 2014 Has Arrived: What You Need To Know

Well, that time of year has come once again… the QuickBooks Model Year-End, as some of us like to think of it.  QuickBooks 2013 is now the “old” version and 2014 has been released.  For some clients, that may portend a software purchase if they haven’t upgraded in a while. GunnChamberlain, P.L.’s official policies support …


Important Notice to All Employers: Obamacare Has Begun!

If your business has employees, there is a critical change in the law that affects you in a massive way… and it kicks in on October 1, 2013. Notices are due to all employees. Here’s what you need to know. Keep in mind that virtually all employers are subject to this notice requirement. Further, employers must provide …


Note To Service Industry: IRS Says Service Charges Are Not Tips!

The IRS has recently released an updated tax rule that differentiates between tips, which are voluntary payments to service personnel such as waiters, waitresses, bartenders, valet staff, etc. and service charges, such as those automatically applied to bills by restaurants for groups of certain sizes. Beginning January 2014, the IRS will treat any automatic gratuity as …


IRS Offers Affordable Insurance Safe Harbor Under Affordable Care Act

Under the Affordable Care Act, a company with fifty or more employees must provide them with affordable health insurance, meaning the employee’s share of the premium cannot exceed 9.5% of the employee’s household income. Although that may seem relatively cut-and-dry, putting it into action will be challenging to say the least.  One of the biggest …


Healthcare Reprieve for Small Businesses

For years now one of the biggest fears with the Affordable Care Act has been that people might see delays in service due to higher volumes of patients.  Instead we are seeing a much more welcome delay: a delay in the implementation of penalties for businesses who don’t comply.  The Obama administration has given a …


What Amazon Learned About Nexus

It is no secret that states are hurting for money.  At the same time we are seeing an increase in the amount of interstate commerce that can be accomplished without ever setting foot in a state.  From online colleges to direct seller websites to nationally known contractors, businesses are taking mobility to new levels.  The …

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