“American University professors Donald Williamson and David Kautter have created a list of “Tax Practices for Small Businesses,” a checklist designed to help small businesses entrepreneuers stay up to date on all tax related issues, and away from the scrutinity of the IRS.” (Accounting Today, Oct. 2013)
See article below from Accounting Today for the full list.
IMPORTANT:
“Approximately 4,000 plan sponsors received erroneous CP 283C, Notice of Balance Due for Incomplete/Late Penalties for their Form 8955-SSA, Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits. These erroneous notices were dated between July 28 – August 26, 2013.”
For more information: http://www.irs.gov/Retirement-Plans/Form-8955-SSA-Penalties-Assessed-in-Error
“It comes as no surprise that nonprofits have a continual pressing need for money, but some of the potential solutions to that challenge might be as easy as providing for internal staff training needs and reducing turnover.”
– See more of the article by Jane C. Simons at: http://mibiz.com/news/nonprofit-business/item/20727-gvsu-study-finds-internal-training-key-to-improving-performance-at-nonprofits
“Whether by choice or economic necessity, more people in West Michigan have embraced entrepreneurism and the risks that come with it. Grand Valley’s Seidman College of Business explores that culture change in a new report.”
Click on the link for full article by Mark Sanchez posted in the July 8, 2013 MiBiz journal
http://mibiz.com/item/20713-rise-of-the-risk-takers
The Affordable Care Act imposes fees on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fees, required to be reported annually on the 2nd quarter IRS Form 720 and paid by its due date, July 31st, are based on the average number of lives covered under the policy or plan. If you need assistance in determining if this legislation applies to your health insurance plan or HRA, please contact your Brickley DeLong account administrator directly or call 231-726-5800.
Click on the link for additional Q&A
http://www.irs.gov/uac/Patient-Centered-Outcomes-Research-Trust-Fund-Fee:-Questions-and-Answers
The second annual Movies on the Beach at Pere Marquette Park in Muskegon begins on June 28. Pre-movie music by The Other Brothers will begin at 8:00pm, and the movie, “Indiana Jones and the Raiders of the Lost Ark”, will being at 9:30pm. The event is free; however, donations will be accepted for the rescue mission. If you have not come in the past, it is a fun community event for the whole family. For more information on Movies on the Beach, check out their Facebook page Movies On the Beach
We hope to see you there!
Below are the common health care issues that have hit consumer wallets in 2013 and will also carry over as health care issues well into 2014.
Net investment income includes interest, dividends, royalties, rents, gross income from a trade or business involving passive activities and net gain from disposition of property (other than held in a trade or business).
On March 23, 2010, President Obama signed the Affordable Care Act. The law puts in place comprehensive health insurance reforms that will roll out over four years and beyond. The Affordable Care Act was put into place to ensure any and all residents of the United States qualify and receive medical health insurance. The Affordable Care Act has had some changes so please see the link below for an interactive timeline of changes from 2010-2014.
http://www.healthcare.gov/law/timeline/index.html
“Due to the heavy volume of refund inquiries, the IRS anticipates both “Where’s My Refund” on IRS.gov and the refund feature on the IRS2go phone app will have limited availability during busier periods. IRS systems are only updated once a day, usually overnight, and the same information is available whether on the Internet, IRS2go smart phone app or on IRS toll-free lines.”
