The health-care reform legislation that was recently signed into law contains a number of tax changes. Some of these changes take effect immediately; others won't have an impact for a few years. Here's a year-by-year breakdown of some of the changes worth taking note of. more…

Recently, two pieces of legislation, the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 were signed into law. Together, these pieces of legislation make the most significant reform to health care in the United States since the enactment of Medicare. more…

This is a familiar question a client or potential client will ask us.  Some of the more common situations in need of a tax identification number are:

• Starting a business that will have employees
• Having a corporation
• Having a qualified retirement plan with $100,000 or more of plan assets
• Opening an estate
• Having a trust that is required to file a tax return more…

All nonprofit organizations are required to file one of the IRS Form 990s.  There have been some changes made to these forms that nonprofit organizations need to be aware of. more…

Employers that maintain a qualified retirement plan must file IRS Form 5500–Annual Return/ Report of Employee Benefit Plan.  Qualified retirement plans include defined benefit, profit-sharing, money purchase, and 401(k) plans.  SIMPLE and SEP plans do not have to file this form.  Form 5500 is due on the last day of the seventh month following the end of the year.  For example, a December year-end would be due on July 31.

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