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Wellness Program Launched at Greenwalt CPAs

Our firm recently established a Wellness Program for our employees. With this program, we hope to provide employees with health and fitness information and motivation to assist them in becoming healthier and happier people both at work and at home. Why provide Wellness at Work? Most adults spend more their waking hours at work than anywhere else. Technology ...

Beneficiary Designations – Are Yours Current?

Most adults have completed a beneficiary designation at some point. We complete the forms when we are hired or become eligible for the company 401(k) Plan and then we forget about them. But your beneficiary designation for your retirement plan is a critical part of your tax and estate planning. While many of us make sure that other important documents ...

The President’s Jobs Bill Contains Many Tax Increases

President Barack Obama submitted his American Jobs Act to Congress on Monday, and among its provisions are several tax items, including a temporary payroll tax cut, a limit on itemized deductions for certain high-income taxpayers, and a proposal to tax carried interests as ordinary income rather than capital gains. The proposed bill follows the presidentís ...

Update on Withholding on Government Contracts

by Brandon Cook, CPA | Partner, Tax Services Group and Member of the Construction Services Group The IRS has once again postponed the effective date on the implementation of mandatory 3% withholding on payments to businesses that contract with the federal, state, and/or local government entities. The effective date is now for payments made after December ...