Tag Archives: IRS

The Tax Cuts and Jobs Act (TCJA) was passed at the end of 2017, with, according to lawmakers, the intent of helping to alleviate the tax burden on small businesses. Most business over will see some financial relief, with a 20% deduction on “qualified” business income, but some may lose out on the savings due […] continue reading this post


Businesses may soon be facing some stiff penalties for Affordable Care Act Non-compliance. Employers may just now be receiving the Letter 226J for IRS filings related to the 2015 tax year. Letter 226J is a notice to an employer for shared responsibility payment (ESRP) for failing to comply with the Affordable Care Act. It also […] continue reading this post


image With the Affordable Care Act (ACA) still hanging on in Congress, its fate is still up in the air. In the meantime, the ACA remains law, and the Internal Revenue Service (IRS) continues to seek out and identify employers who are not compliant with the law. Until a final decision is made regarding the ACA, […] continue reading this post