The following return due date changes apply to 2016 tax returns that will be filed in 2017 as well as any subsequent returns. Any item in bold below has changed: Tax Filing New Due Date Old Due Date Notes Form 1065 (Partnership) March 15 April 15 Extended return is due September 15 Form 1120 (C-Corp) April […]
Under a new law, small employers (less than 50 employees) are now able to offer Health Reimbursement Arrangements (HRAs) to employees without being required to also offer health insurance in 2017 to the same employee.
Recent Law Establishes Small Employer Health Reimbursement Arrangements Read More »
In late December 2016, BRSW finalized the opening of an office in downtown Columbus Grove, Ohio.
BRSW CPAs, with offices in Van Wert, Paulding, and Columbus Grove, Ohio, has launched a new website…
Beginning on 1/1/17, the standard mileage rates for cars, vans, pickups, and panel trucks will be 53.5 cents per mile for business miles, 17 cents per mile for medical or moving purposes, and 14 cents per mile for charitable purposes. The business expense rate is down half a cent per mile from 2016, and the
November 2016 Dear Client: As the year draws to a close, now is the time to review your tax planning strategies to ensure they meet your needs and to develop plans for 2017. With planning you can take advantage of last-minute opportunities that could save you money now and in the coming year. This
November 23, 2016: The new overtime rule was blocked by a federal judge in Texas. The December 1 implementation date will not be enforced until a final decision has been reached at the end of the judicial process. This process might take months. We will keep you informed of developments as they occur. https://www.washingtonpost.com/news/get-there/wp/2016/11/22/judge-halts-federal-rule-that-would-have-expanded-overtime-pay-to-millions-of-workers/ http://thehill.com/policy/finance/307295-judge-blocks-obama-overtime-rule
The IRS has announced extended due dates and penalty relief for 2016 information reporting mandated by the Affordable Care Act (ACA). The ACA requires detailed information reporting for insurers, self-insured employers, certain other providers of minimum essential coverage under IRC Sec. 6055 , as well as employers with 50 or more full-time employees. Employers will
Extended Due Dates for Employer ACA Information Reporting Read More »
Fact Sheet: Interaction of Pell Grants and Tax Credits: Students May Be Foregoing Tax Benefits by Mistake Read more…
In Notice 2015-82 the IRS has announced an increase, from $500 to $2,500, in the de minimis safe harbor limit for taxpayers that do not maintain an applicable financial statement (AFS). This is a positive change for taxpayers and will simply the paperwork and record-keeping requirements for small business and other taxpayers. Please contact us
IRS increases de minimis safe harbor from $500 to $2,500 Read More »
