Managing Tax Rules for Part-Time or Seasonal Help

As an employer, you normally have to file a quarterly Form 941 to report your employees' wages and withholding. Each quarter, if you pay wages subject to income tax withholding (including withholding on sick pay and supplemental unemployment benefits) or Social Security and Medicare taxes you must file Form 941, although there are some exceptions.

Here are some things you need to know to ensure you're on track with state and federal taxing authorities.

IRS Releases 2019 HSA and HDHP Limits

The Internal Revenue Service (IRS) has announced the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code.

Leading Women Entrepreneurs’ “Making It to the Top”

Marika Dugan and Diane Pineda were proud to attend The Leading Women Entrepreneurs’ “Making it to the Top” event at Fiddlers Elbow Country Club for the second year in a row.

Social Security & Retirement Discussed at KRS Insights Breakfast

KRS’ latest Breakfast Insights series covered Social Security and retirement. Jarita Walker from the Social Security Administration discussed requirements for eligibility, strategies, and lesser known details about the program.

She strongly encourages everyone to create a My Social Security account to track their contributions and future eligibility. It’s the best resource available to individuals for frequently asked questions and strategizing for retirement.

New Jersey Passes Earned Paid Sick Leave Law

Gov. Phil Murphy signed legislation requiring employers to provide at least 40 hours per year of paid sick leave to their employees. The paid sick leave law does not take effect until October 29th, so employers have time to figure out what the law means for them.

Learn the facts about New Jersey's Paid Sick Leave Law.

Home Equity Loans May Still Be Deductible

Contrary to early reports, the Tax Cuts and Jobs Act of 2017 allows taxpayers who buy, build or substantially improve their homes using either a home equity loan, home equity lines of credit (HELOC) or second mortgages to deduct interest on the loans.

That's the good news.

But if you take out the loan to pay for personal living expenses—credit card debt, for instance—you can't deduct the interest from your taxes.

Are You Facing Multi-State Sales Tax Issues?

If your business is headquartered in one state but you sell your products across the border, do you have to pay taxes in the recipients' state?

The answer is, it depends.

Nexus determines whether you are liable for paying sales taxes in the other state, and each state's determination of what constitutes nexus is different.

This article will help you understand the concept of nexus and what you should do if you conduct cross-border work.

What To Do When You Get an Audit Notification

You may be surprised to learn that not every audit notification you receive will be legitimate.

First, make sure you received an official audit notification. The Internal Revenue Service (IRS) will notify you either by letter or by a phone call followed by a letter.

The IRS does not notify taxpayers about audits through email, so if you do get an email saying you've been selected for an audit, it's probably fraudulent.

New Jersey Passes Equal Pay Law

New Jersey has passed an Equal Pay Law, which goes into effect on July 1, 2018.

The new law expands coverage of existing law to prohibit discrimination in wages. Current New Jersey law prohibits employers from discriminating in any job-related action, including compensation and the terms, conditions, and privileges, among other things, of employment on the basis of any of the law's specified protected categories (i.e., race, creed, color, national origin, nationality, ancestry, age, and sex).