BLACKBURN, CHILDERS & STEAGALL, CPAS

WHAT'S NEW?

December 15, 2016

REMINDER: W-2S AND SOME 1099-MISC DUE TO AGENCIES ON JANUARY 31

The IRS has changed filing deadlines for Form W-2 and some Form 1099s. FORM W-2 PRIOR RULES FOR W-2 W-2s were due to employees on January 31, and due to the Social Security Administration on February 28, or March 31 if filed electronically. NEW RULE FOR W-2 W-2s are due to employees and Social Security […]
December 11, 2016

COMING SOON: EXEMPTION FOR SMALL EMPLOYER HRAS FROM ACA GROUP PLAN RULES

By Chuck Randolph Expected to be signed soon, a new bill will include a provision allowing certain small businesses to use qualified Health Reimbursement Accounts (HRA) to reimburse health costs and insurance premiums which will be exempt from Patient Protection Care Act (ACA) group plan rules and ACA penalties. Prior Law Many businesses provided health […]
December 4, 2016

YEAR END REPORTING

By Coleen Lyon Now is the time for employers to be gathering information to file end of year payroll and insurance forms to avoid delays in meeting the filing deadlines. In an effort to curb identity theft, the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) brought a change in the filing due […]