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Reminder for S Corps: Report Health Insurance Premiums on a W …

WEBArticle updated December 8, 2021. With three weeks remaining in the year, we want to remind you of specific year-end payroll processes as it relates to reporting health insurance premiums on a W-2 for a 2% Shareholder-Employee.

Actived: 8 days ago

URL: https://wm-cpa.com/accounting-insight/reminder-for-s-corps-report-health-insurance-premiums-on-a-w-2-for-2-shareholder-employee/

Annual Reminder for S-Corp Owners: Include Health Insurance …

WEBWith the end of 2022 fast approaching, we would like to remind all S-Corporation owners to be sure to include health insurance premiums in W-2 Wages for any shareholder-employee who owns more than 2% of the company.

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IRS Extends Contribution Deadlines for IRA, HSA and More

WEBIn addition to extending the filing deadline for Form 1040 from April 15, 2021, to May 17, 2021, the IRS has also extended the time for individuals to contribute to retirement and medical accounts.

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Tax Increases and Tax Credits Listed in American Families Plan

WEBOn April 28, 2021, the White House released a Fact Sheet: The American Families Plan, which contains tax changes regarding increases and extensions of tax cuts.

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ERC Guidance Now Available

WEBFor employers claiming the employee retention credit (ERC) for 2020, the IRS recently issued guidance for those claiming the credit for 2020 calendar quarters. The newly released guidance provides clarification, as well as descriptive information, pertaining to the retroactive changes under the new law and the expanded eligibility for the ERC.

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Year-End Payroll Processing Reminders for 2022

WEBYear-end Payroll Checklist. Make certain all information is up-to-date and correct for each employee. If you issued manual checks and/or voided checks, be sure your payroll information is up-to-date and correct in your software or with your third-party payroll provider before December 30, 2022. Verify that all cash and non-cash income has been

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Tax Planning is a Year-Round Process

WEBTax planning is a year-round process and should be used as a proactive, strategic tool in your business and personal arsenal. With just 61 days remaining in the current tax season, (based on the current deadline of April 18, 2022), if you did not have a tax plan in place for yourself or your business in 2021, now is a good time to get …

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Highlights of Tax Provisions and Tax Credits in the Inflation …

WEBOn July 27, 2022, Senator Joe Manchin and Senate Majority Leader Chuck Schumer announced that they have reached an agreement on a budget reconciliation bill (the Inflation Reduction Act of 2022, the “Act”) which they will co-sponsor and propose to Congress for passage.. According to the bill’s summary, there are no new taxes on …

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Accounting & Audit Services in Horsham

WEBAccounting & Audit. We’ve honed our expertise in accounting and audits for business clients over 30 years. Talk To An Advisor. The Value We Offer. Accounting Services. As your business accountant, you can rely on us to provide you with the information and insights to make fact-based, prudent business decisions.

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2018 Tax Reform: The Biggest Impact on U.S. Businesses Is the …

WEB48 tfi ®the ta magaine September 2019 THE BIGGEST IMPACT ON U.S. BUSINESSES IS THE QBI DEDUCTION determine the QBI deduction for each separate business they own, and they must combine the results from the

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Mental and Behavioral Health Services in the Age of COVID-19

WEBWhile there is often still a stigma that prevents some individuals from seeking help, we want you to know that help is available during these stressful times and have compiled a list of resources that may be beneficial to those in need.

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Find Accounting Jobs & Internships at Wouch, Maloney & Co., LLP

WEBWouch Maloney offers a generous benefits package which includes the following: Paid Time Off. Our paid time off (PTO) plan incorporates vacation, personal days, (2) floating holidays and sick leave into one program. 401(k) Plan. Employer matching 401(k) plan.

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Construction Accounting

WEBConstruction Accounting. Contractors, home builders, and all construction specialty trades turn to us to improve cash flow, profit margins, debt leverage and overall financial health. We focus on increasing value and investment return to owners while helping them reach specific financial goals for businesses and individuals.

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Julie Shennard, CPA

WEBCall: 215.675.8364. Linkedin. Julie Shennard. CPA. Manager. Professional Profile. Julie has over 25 years of experience serving small to mid-size businesses. She has extensive experience helping clients with accounting, tax and implementation of accounting and bookkeeping systems. Julie is also a QuickBooks Advisor.

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IRS Issues 2023 Tax Inflation Adjustments

WEBThe AMT exemption amount for tax year 2023 is $81,300 (up from $75,900) and begins to phase out at $578,150 ($539,900). The AMT exemption for joint filers is $126,500 and their exemption begins to phase out at $1,156,300 (up from $1,079,800). Earned income tax credit. The tax year 2023 maximum EITC amount is $7,430 for …

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Year-End Payroll Processing Reminders for 2023

WEBAs we are approaching the final month of 2023, we would like to pass along the following reminders to help reduce or eliminate errors while you complete your year-end payroll processing for 2023.

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Philadelphia Walk to End Alzheimer's 2020

WEBNovember 16, 2020 / in Corporate Social Responsibility / by Neil Dierolf. Members of Team Wouch Maloney donned purple as they participated in the annual Walk to End Alzheimer’s on Saturday, November 14, 2020, at Carl Kohler Park in Horsham, PA. The setting was perfect for a fall walk with friends, family, colleagues and a few four-legged pets.

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healthcare enhancement act Archives

WEBWe are ending the week on a better note than last. The House…

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