Latest Articles

 How Employers and Accounting Firms Can Navigate Obamacare Penalties

June 13, 2014 

How Employers and Accounting Firms Can Navigate Obamacare Penalties

Thomson Reuters has released a special report for employers, accounting firms, and other professionals who advise business clients, Get Ready to Play or Pay: Employer Shared Responsibility Under Health Care Reform. The report highlights key provisions employers must understand to avoid tax penalties related to the Affordable Care Act.

Isaac M. O'Bannon

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June 12, 2014 

Tips for Businesses to Avoid Committing Fraud

The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.

Isaac M. O'Bannon

 May Retail Sales Remain Steady

June 12, 2014 

May Retail Sales Remain Steady

In its latest report, the National Retail Federation has calculated that May retail sales remained mostly unchanged when seasonally adjusted month-to-month, yet they showed an increase of 3.0 percent unadjusted year-over-year. The data excludes automobiles, gas stations and restaurants.

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June 12, 2014 

How to Determine Reasonable S-Corp Shareholder Compensation

Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.

 Employment Report Shows Florida and Texas Leading in Job Growth

June 11, 2014 

Employment Report Shows Florida and Texas Leading in Job Growth

Private sector employment in the U.S. increased in all nine Census Bureau Divisions during May, according to the monthly ADP Regional Employment Report, which is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. The ADP Regional Employment Report measures monthly changes in regional non-farm private employment…

Isaac M. O'Bannon