Posts Tagged ‘Marie Jett’
Please join us on May 2, 2013 at Greenwalt CPAs Education Center for a 2 hour seminar which will address the actions that your organization needs to take in 2013, and what you need to be aware of going forward. The rules, costs, and options associated with the Health Care Reform act are complicated and are not well understood. Wanza Schweiger, CEBS & Managing Partner of Benefit Innovations, LLP and Marie Jett, CPA, Senior Manager in our Tax Services Group will discuss the following topics:
· What must I be aware of now and going forward?
· What needs to happen by July 31, 2013?
· What will the costs be —
- Of health insurance?
- In additional taxes?
- For self-insured plans?
· How will Health Care reform affect the future of group health insurance plans?
· What are my options to best position my organization —
- To be able to minimize the cost to the organization
- To minimize the cost to our employees.
WHO SHOULD ATTEND?
· Personnel who handle employee benefit matters for their organization
· Owners/managers who are responsible for overseeing and approving critical organization decisions.
· Those who are concerned about the future of health care and where it is headed.
Our doors will open at 8:00 am on May 2 for coffee and light refreshments. The session will begin at 8:30 and we plan to be finished by 10:30 am.
To register, please click here.
or call Suzanne Haskamp at 317.260.4476. When you register, you will have an opportunity to list some of the key questions you would like to have addressed.
The IRS released guidance last week that it is extending the time employers who want to claim the work opportunity tax credit (WOTC) have to file Form 8850: Pre-Screening Notice and Certification Request for the Work Opportunity Credit.
By Felicia Rupp and Marie Jett, CPA | Members of the Tax Services Group
The Internal Revenue Service is alerting taxpayers of potential scammers that may be trying to take advantage of you during this tax season. These scammers are using the IRS name and logo to make an email appear authentic in an attempt to get you to provide your personal information. If you think you have received one of these emails:
· Do not reply to the message
· Do not open any attachments
· Do not click on any links or enter confidential information.
by Anita Sherman, CPA | Managing Partner and Marie Jett, CPA | Manager, Tax Services Group
The election is over. For employers and plan sponsors that adopted a “wait and see” approach before focusing on Obamacare compliance issues, the time for waiting is over. Indiana is not planning on creating an insurance exchange, so individuals who can’t find coverage from the many sources currently readily available will need to go through the Federal exchange. Also, full time equivalents for purposes of determining applicability are those employees working 30 hours or more per week (used in determining whether a company has 50 or more employees).
Please click here to see the changes that you need to be aware of for 2013
On November 21st the Governor announced that Indiana taxpayers who filed/file full year returns for both 2011 and 2012 will receive a credit on their 2012 tax returns equal to $111 (single filer) and $222 (joint filer – if both are eligible) because of the State’s automatic taxpayer refund policy.
2012 FUTA Rates for Indiana Employers
When employers pay their federal unemployment taxes (FUTA), they receive a rate credit when they pay their state unemployment taxes. The FUTA rate for employers is 6%. Employers can receive a rate credit of up to 5.4%, effectively making the FUTA rate .6%. However, employers in Indiana will be subject to a .9% reduction in their rate credit if the federal unemployment loan isn’t repaid by November 10 because of Indiana’s failure to repay the loans for four consecutive years. If the loans are not repaid, the FUTA rate for Indiana employers paying state unemployment taxes will be 1.5% for 2012. The .9% credit reduction equates to a maximum of $63 per employee.
by Abbey R. Lakin, Senior, Tax Services Group | Marie Jett, CPA, Manager, Tax Services Group
In 2009, Indiana lawmakers passed legislation requiring all homeowners to file a simple form with their county auditor verifying their eligibility for the state’s homestead property tax deduction on their primary residence. The legislation required verification forms to be sent out with property tax statements in 2010, 2011 and 2012. In most cases the form was printed on pink paper.
On June 28, 2012 the Supreme Court, in a split 5 to 4 decision, upheld the individual mandate part of the Health Care Reform that each person must have health insurance. With the Supreme Court ruling behind us, we want to highlight the major tax and healthcare provisions that will affect taxpayers.
by Marie Jett, CPA | Manager, Tax Services Group
On March 20, 2012, the Governor signed into law Senate Enrolled Act 293 that changes the exemption amounts and eventually calls for the phase-out of the Indiana Inheritance Tax. Prior to January 2012, the Indiana Inheritance Tax was calculated based on different classes of exemptions and tax rates associated with those classes. Beginning in January 2012, the amount of the exemption increases from $100,000 to $250,000 for the class that includes children, grandchildren, parents and grandparents.
by Felicia Rupp and Marie Jett, CPA | Team Members of the Tax Services Group
On February 17, Congress passed H.R. 3630, the “Middle Class Tax Relief and Job Creation Act of 2012” (the Act) and sent it to the President for his signature and he is expected to sign the bill promptly.