Restaurateurs and wait staff beware: beginning this month, the IRS will classify automatic gratuities not as "tips," but as service charges reportable as regular wages which are subject to payroll tax withholdings.
A recent federal court decision illustrates how “loan” arrangements between physicians and their employers, if not properly structured, may be treated as the payment of taxable compensation and the employers may be hit with...more
As of July 1, 2013, Alabama employers will no longer be able to file and pay withheld taxes using the Paperless Filing and Payment System (PFPS). Instead, they will have to use My Alabama Taxes (MAT) to file and pay online....more
Eleven states have issued revised withholding tables for wages paid on and after January 1, 2013. These are in addition to 2013 tables already issued by nine states....more
President Obama on January 2, 2013 signed into law the American Taxpayer Relief Act of 2012 (the “Act”). The Act extends certain tax rates, tax credits, and other provisions previously enacted by other tax...more
Keeping Americans in suspense until the very last minute, Congress narrowly averted the "fiscal cliff" by passing the American Taxpayer Relief Act of 2012 (ATRA), H.R. 8, late in the evening on New Year's Day. President Obama...more
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