Payroll

Connected back office applications simplify running a business

Preparing for tax season is something individuals need to think about more than just once a year, especially since it seems that every year brings with it new changes related to W-2 and 1099 forms and reporting requirements. For Tax Year 2013, which most Americans will file by April 15, 2014, there are several important changes this year in the wake of the new Affordable Care Act, making it imperative for businesses to understand the changing W-2 and 1099 reporting environment.

With the end of the government shutdown, farmers and advocates for those who rely on federal food assistance programs are pushing for a new farm bill to win approval from Congress. The day after the government reopened this week, President Barack Obama called a new farm bill his third legislative priority, after a budget deal and immigration reform.

The American Institute of CPAs is urging Congress to consolidate and simplify the types of tax-favored retirement plans now available to small business owners.

The Tax & Accounting business of Thomson Reuters has introduced a new bi-directional integration between Accounting CS Payroll and the Time Rack time, attendance, and human resources solution.

With demand for alternative assets accelerating, CPAs have an opportunity to engage with a growing number of investors making investments in illiquid – and high potential – alternative assets held in an Individual Retirement Account (IRA).

Over the past few years, there has been a boom in the number of accountants who are offering payroll processing directly to their clients, rather than outsourcing to external providers.

Women business owners from around the country converged in Washington, D.C., last week with stories of layoffs and work stoppages by government contractors due to the shutdown.