How Employee Stock Options Are Taxed

Article Highlights: Non-statutory Option Wage Income Statutory (Incentive) Options Capital Gains Alternative Minimum Tax Many companies, as an incentive to employees to help grow the companies’ market value, will offer…

Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit

Employees, Tax Credits

Article Highlights: Potential Credit Eligible Employees Credit Determination Certification Process Other Issues The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and…

Employer’s Pension Startup Credit Substantially Increased

Business, Employees

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…

Is It Time for a Payroll Tax Checkup?

Business, Employees, Taxes

Was your 2018 federal tax refund less than normal, or – worse yet – did you actually owe tax despite usually getting a refund? If so, this was primarily due to the last-minute passage of the Tax Cuts and Jobs Act at the end of 2017. Because…

Employee Stock Options Can be Taxing

Employees, Stocks, Taxes

If you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to…

May 2019 Individual Due Dates

Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, Taxes

May 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…

Employees’ Fringe Benefits after Tax Reform

Business, Employees, Tax Reform

Tax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect…