The Alabama Department of Labor (formerly the Department of Industrial Relations) posted the following to their website: Effective immediately, Alabama Department of Labor will begin assessing a $25 penalty for each newly hired or rehired employee that is not reported to the New Hire Directory. A newly hired employee is an employee who: 1.) [...]
Managing Shareholder, Bryan Chandler, speaks about Mercedes-Benz celebrating their 20th Anniversary in Alabama in this WVUA segment!
Unified Estate and Gift Tax (lifetime) Exclusion: $5,340,000 GST Tax Exemption: $5,340,000 Gift Tax Annual Exclusion: $14,000 (no change)
Josh Angel accepts position as Network and System Analyst with JMF Technologies. Josh Angel began full time employment with JMF Technologies in September 2013. Angel graduated with a Bachelor of Science in Information Technology in July 2006 from Herzing College in Birmingham, AL. He previously worked with DCH as a Certified Analyst. He is married [...]
The IRS has explained the tax treatment of legal fees paid under settlement agreements with employees who brought suit against employers. The fees may be taxable and they may actually be subject to employment taxes. How you report those fees to the employees and to the IRS is determined by a four-step process: 1. [...]
The IRS recently ruled on service charges that restaurnats add to large groups. These are classified as regular wages rather than tips because they are not optional. While this isn't a change from the actual law it is a change for how service changes are handled in practice. What does this mean for you and [...]
If you have any clients that are affected by the Defense of Marriage Act (DOMA) please be aware that the IRS now recognizes all same-sex marriages nationwide. If a same-sex couple is legally married in a state that recognizes same-sex marriage, the couple will be treated as married for all federal tax purposes. This is [...]
Many activities can be scrutinized by the IRS to determine if they are truly a business activity or a hobby. This is important because hobby losses are limited to the amount of income that is generated and are also subject to a floor of 2% of adjusted gross income as a miscellaneous itemized deduction. If [...]
The Alabama Accountability Act of 2013 signed into law earlier this year, provides Alabama state income tax credits for both: Families (individuals) with children at failing schools, that can be used to offset the cost of tuition to send their children to a qualifying private school (approximately $3,500 per year in tax credits per child), [...]
Title: Establish a New SIMPLE Plan - October 1st DeadlineDate: 2013-10-01Location: 2200 Jack Warner Pkwy, Suite 300, Tuscaloosa AL 35401Description: Employers who do not have a SIMPLE plan may start one for 2013 no later than three months before the end of the year. October 1 is the last day to start a SIMPLE and [...]