The Internal Revenue Service has delayed mandatory reporting of employer-sponsored health coverage information on employee Forms W-2 for smaller businesses. Prior guidance indicated that reporting would have been optional for all employers on 2011 Forms W-2. Interim guidance states: (more…)
Archive for the ‘Other Information’ Category
Employer-sponsored health coverage reporting-Interim IRS Guidance
Tuesday, May 10th, 2011Get socked with a big tax penalty in one easy lesson
Monday, January 31st, 2011You wanna get socked with a tax penalty in addition to paying extra taxes? Its easy. Just don’t keep any records. As a recent tax court case reveals you not only could get your deductions denied, but also have the fraud penalty imposed. (more…)
February 14, 2011 — IRS Accepting 1040 Schedule A e-file
Thursday, January 20th, 2011In the last blog, we mentioned that for many tax filers, the IRS was delaying e-file acceptance; it will not process certain kinds of tax returns until their system has been modified to incorporated tax law changes passed very near the end of 2010. The IRS has announced it will be accepting & begin processing tax returns which have a Schedule A, tuition & fees deduction or educator expenses deduction on February 14, 2011.
You maybe asking, “So what about these companies saying they can get me my refund now?” First if you do not fit into one of the affected categories, you can e-file now. However, if you do complete Form 1040 Schedule A obviously there is no way anyone can e-file your tax return until the IRS accepts it. What many of these services are offering is something called a refund anticipation loan (RAL)-the key word here is loan. In general these services charge a pretty hefty fee for you to get access to your refund immediately. Secondly, you will owe the money for the loan if the IRS retains your refund for some reason. What are the reasons the IRS could keep your refund? If you owe back child support, if you owe money on a government student loan, if you owe money to a state or federal agency for back taxes - these are just a couple of reasons why your refund might not be paid out.
In general, efiling is the fastest way to receive your tax refund, so if you can wait a while to receive your refund, it is probably best to just wait until February 14, 2011 to file your taxes if you are prevented from doing so now. It can save you some money. ABC does not offer RAL services, nor do we endorse the practice.
As always, small business services and taxation are our business. If you need help Please give Art & Business Consulting a call. We would love to engage you as a client.
The usual disclaimers: Although ABC has made every effort to insure the accuracy of Taxes, Tips and Tools, misinformation, disinformation, changes, mistakes, typos and hackers happen, therefore Art & Business Consulting LLC takes no responsibility for any action taken or results based on the information supplied here in. The content of this blog generally applies to business and individual taxation in the United States of America. Internal Revenue Service Circular 230 Disclosure: As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement address herein. Art & Business Consulting LLC currently does not have a certified public accountant, human resource specialist, certified financial planner or an attorney on staff; this information is purely for educational purposes and not to be construed as legal or financial advice. Art & Business Consulting LLC and its employees, members and associates are not engage to practice law; you always should discuss legal matters with your attorney before talking to anyone else.
Users deleted, please recreate user IDs
Tuesday, January 4th, 2011Most of the users of this blog have been deleted. The *vast* majority of posted replies were from bots selling things ranging from “Gucci” bags, stock tips, and porn, to who knows what as they were in Cyrillic or Chinese. In general these comments did not offer content in response to the posts they replied to. We were receiving hundreds of these spam “comments” and were not even reviewing them anymore, just deleting them all. We decided to start over and try to prevent robots from signing on in the first place.
If you were a real human being who previously subscribed, we apologize for any inconvenience this may have caused. We now have a captcha in place to hopefully eliminate or at least reduce the bot spam problem. Thanking you in advance for your understanding.
As always, small business services and taxation are our business. If you need help Please give Art & Business Consulting a call. We would love to engage you as a client.
The usual disclaimers: Although ABC has made every effort to insure the accuracy of Taxes, Tips and Tools, misinformation, disinformation, changes, mistakes, typos and hackers happen, therefore Art & Business Consulting LLC takes no responsibility for any action taken or results based on the information supplied here in. The content of this blog generally applies to business and individual taxation in the United States of America. Internal Revenue Service Circular 230 Disclosure: As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement address herein. Art & Business Consulting LLC currently does not have a certified public accountant, human resource specialist, certified financial planner or an attorney on staff; this information is purely for educational purposes and not to be construed as legal or financial advice. Art & Business Consulting LLC and its employees, members and associates are not engage to practice law; you always should discuss legal matters with your attorney before talking to anyone else.
Time-off For Voting — Rules For All 50 States
Friday, October 29th, 2010This article comes from Source TheHRSpecialist.com and was dated 10/26/2010. Normally this list is part of their premium content, but they “unlocked” it for a short period of time. Art & Business Consulting LLC (we, our) is not affiliated with TheHRSpecialist.com (they, them, their) nor are we specifically endorsing TheHRSpecialist.com, but we are crediting them as the source of this timely information. We have left their promotional blurb intact — if you follow their links with in their article you will be taken to sites outside of ArtandBusinessConsulting.com and you will be subject to their policies not ours; we do not have any idea what those policies might be. Furthermore any agreements entered into by following their links are between you and TheHRSpecialist.com and their affiliates — those agreements are NOT with Art & Business Consulting LLC or our affiliates.
“State-by-State Guide to Voting Leave Laws 10/26/2010
“(Editor’s note: This article has been unlocked until Nov. 4, 2010. For a free 30-day trial to our online HR Specialist Premium Plus service, click here.)
When polls open nationwide next Tuesday for the 2010 mid-term elections, chances are, some of your employees will want to take part of the day off to cast their ballots. Must you let them?
No federal law requires employers to grant leave for the purpose of voting. However, most states have laws that do.
Many specifically address situations in which an employee’s work hours do not permit sufficient time to vote during the hours polls are open.
See below for a full state-by-state rundown of voting leave laws. Remember that flexibility can be the key when it comes to encouraging employees to vote. While your state law may not mandate paid time off, there’s nothing that prohibits you from implementing a voting policy that offers your employees greater flexibility or privileges than what the law requires.
What do most state voting laws require? In many states, the following rules generally apply:
- If polls are open two or three hours before or after employees’ normal work hours, the employer is not obligated to provide time off to vote.
- Employers may require that employees provide written requests for time off to vote.
- Employers may designate when time off will be permitted for employees to vote.
- Employers may not include lunch periods as part of the voting time off permitted.
- Employees may be required to provide proof they voted to receive paid leave.
- Employees may not be disciplined or retaliated against for taking time off to vote.
State Voting Leave Requirements
Alabama-§ 17–1-5-Employees can have up to one hour if they give their employer reasonable notice; employer may designate the time when employee can leave to vote; if the employee’s shift starts two hours after the polls open or ends one hour before the polls close, the employer does not have to give leave.
Alaska-§ 15.56.100-Employer must give paid time unless the employee has two consecutive hours before or after work to vote; no notice is required.
Arizona-§ 16–402-Employer must give paid time unless the employee has three consecutive hours before or after work to vote; employee must give one-day notice; employer can choose when employee leaves to vote.
Arkansas-§ 7–1-102-Employer should arrange employee’s work schedule so employee has time to vote.
California–Election Code § 14000–14003-Employer must allow time unless employee has two hours before or after shift to vote; employee must give two working days’ notice.
Colorado-§1–13-719-Employer must give up to two paid hours to vote if the employee does not have three consecutive hours to vote. Connecticut-No law requiring employee time off to vote.
Delaware–15 Del. Code § 4709-If the employee has vacation time and the employer is not in critical need of the employee, the employer shall not deprive the employee of the time off.
District of Columbia-No law requiring employee time off to vote.
Florida-§ 104.081-Employer cannot fire an employee for voting; otherwise, no law requiring time off.
Georgia-§ 21–2-404-Employees can take up to two hours’ paid leave; employer can decide when employee can leave to vote.
Hawaii-§ 11–95-Employees can have up to two paid hours, unless the employee has two consecutive hours to vote outside work hours; employee must show proof to be paid. Idaho-No law requiring employee time off to vote.
Illinois–10 I.L.C.S. § 5/17–15-Employees can have up to two hours’ unpaid leave; employees must give one-day notice; employer can decide when employee may leave to vote.
Indiana-No law requiring employee time off to vote.
Iowa-§49.109-Employee may have paid leave, unless employee has three consecutive hours to vote outside work; employee must give written notice; employer can designate time employee can leave to vote.
Kansas-§ 25–418-Employee can have up to two hours’ paid leave, unless the employee has two consecutive hours to vote outside work hours; employer may choose the time employee may leave to vote.
Kentucky-§ 118.035-Employee may have a “reasonable time” up to four hours unpaid to vote; employee must give one-day notice; employer may designate when employee may take leave to vote; employer may punish employee who takes leave but does not vote.
Louisiana-§ 23:961–No law requiring employee time off to vote. An employer with more than
20 employees cannot forbid their participation in politics.
Maine-No law requiring employee time off to vote.
Maryland–3 § 10–315-Employee may have two hours’ paid leave; employee must provide proof he or she voted to receive pay for time.
Massachusetts–Gen. Laws ch. 149 § 178-Employees in manufacturing, mechanical or mercantile jobs may apply for leave in the first two hours polls are open.
Michigan-No law requiring employee time off to vote.
Minnesota-§ 204C.04-Employee may have paid time off to vote in the morning.
Mississippi- No law requiring employee time off to vote.
Missouri-§ 115.639-Employees may have up to three paid hours to vote, unless the employee has three consecutive hours outside work to vote; the employee must vote to be paid for time; employer can designate the time employee may leave to vote.
Montana-No law requiring employee time off to vote.
Nebraska-§ 32–922-Employee may have two paid hours, unless employee has two consecutive hours outside of work to vote; employee must give notice; employer may designate when employee may leave to vote.
Nevada-§ 293.463-Employee may take paid leave to vote if it is not practical to vote before or after work; employee must give notice; if the employee lives less than two miles from the polling place, the employee may have one hour; if the employee lives between two and 10 miles from the polling place, he or she may have two hours; if the employee lives more than 10 miles from the polling place, he or she may have three hours.
New Hampshire-No law requiring employee time off to vote.
New Jersey-No law requiring employee time off to vote.
New Mexico-§ 1–12-42-Employee may have up to two hours, unless shift begins more than two hours after polls open or ends more than three hours before polls close.
New York–N.Y. Elec. Law § 3–110-If employee does not have sufficient time to vote, he or she may take up to two paid hours, unless he or she has four consecutive non-work hours prior to or after shift when polls are open; employee must give notice of at least two days, but not more than 10 days, before the election; employers must post notice of these provisions not less than 10 working days before the election.
North Carolina-No law requiring employee time off to vote.
North Dakota–N.D. Cent. Code § 16.1–1-02.1-Encourages employers to allow employees time off to vote if regularly scheduled to work while polls are open.
Ohio-§ 3599.06-Employee allowed “reasonable amount of time” to vote.
Oklahoma–title 26 § 7–101-Employee may have up to two hours, or more if employee lives far away from polling place, unless employee’s shift starts more than three hours after polls open or ends more than three hours before polls close; employee must give one-day notice; employer may designate time employee may leave to vote.
Oregon-No law requiring employee time off to vote.
Pennsylvania-No law requiring employee time off to vote.
Rhode Island-No law requiring employee time off to vote.
South Carolina–No law requiring employee time off to vote. South Dakota-§ 12–3-5-Employee may take up to two paid hours, unless employee has two consecutive non-working hours; employer may designate when employee leaves to vote.
Tennessee-§ 2–1-106-Employee is allowed a reasonable time up to three hours, unless shift starts three hours after the polls open or shift ends three hours before polls close; notice must be given by 12 p.m. the day prior to the election.
Texas-§ 276.004-Employer may not refuse to allow employee time to vote, although no time limit is specified, unless employee has two consecutive hours of non-work time while polls are open.
Utah-§ 20A-3–103-Employee may take up to two hours at the beginning or end of his or her shift, unless employee has three consecutive non-work hours; employee must give notice; employer can decide when time taken to vote.
Vermont-No law requiring employee time off to vote.
Virginia-No law requiring employee time off to vote. § 24.2–118.1-Employers may not fire or charge sick or vacation leave for employees who serve as election officers, provided the employees gave reasonable notice.
Washington-§ 49.28.120-Employer must arrange employee’s schedule to allow sufficient time to vote, unless employee has two consecutive non-work hours while polls are open.
West Virginia-§ 3–1-42-Employee may have up to three paid hours to vote, unless employee has three consecutive non-work hours while polls are open; leave is paid only if employee votes; employee must give three days’ notice. If the employee works in essential government, health, hospital, transportation, communication services, or is in an industry requiring continuous operations, the employer may specify the time off for an employee to vote.
Wisconsin-§ 6.76-Employee may have up to three unpaid hours; employee must give notice; employer may designate when employee may take leave. Wyoming-§ 22–2-111-Employee may have one-hour paid leave, unless employee has three consecutive non-work hours while polls are open; leave is paid only if employee votes.”
As always, small business services and taxation are our business. If you need help Please give Art & Business Consulting a call. We would love to engage you as a client.
The usual disclaimers: Although ABC has made every effort to insure the accuracy of Taxes, Tips and Tools, misinformation, disinformation, changes, mistakes, typos and hackers happen, therefore Art & Business Consulting LLC takes no responsibility for any action taken or results based on the information supplied here in. The content of this blog generally applies to business and individual taxation in the United States of America. Internal Revenue Service Circular 230 Disclosure: As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement address herein. Art & Business Consulting LLC currently does not have a certified public accountant, human resource specialist, certified financial planner or an attorney on staff; this information is purely for educational purposes and not to be construed as legal or financial advice. Art & Business Consulting LLC and its employees, members and associates are not engage to practice law; you always should discuss legal matters with your attorney before talking to anyone else.