Yearly Archives: 2013

Independent Contractor or Employee?

As the harvest season nears and many of our agricultural clients are utilizing temporary laborers for the season, Contryman Associates would like to stress to ALL business owners the importance of determining whether individuals providing services are employees or independent contractors. Treating a laborer incorrectly can result in the employer being subjected to back taxes, […]

Notice of Health Insurance Exchanges

As you may know, the health care law – the Patient Protection and Affordable Care Act (PPACA) – requires most individuals (including children and other dependents) to carry health insurance, beginning January 1, 2014. The law also requires the establishment of a health insurance exchange in all states by October 1, 2013. The goal is […]

Employer Pay or Play Mandate Delayed One Year – Impact on Employers?

In a blog post yesterday, Mark Mazur, Assistant Secretary for Tax Policy at the U.S. Department of Treasury announced that the Obama administration will, in the next week, be issuing formal guidance delaying health care reform’s employer pay or play mandate and the related employer and insurer reporting obligations (reporting by all employers providing group […]

QuickBooks® 2010 Sunset

Does your small business use QuickBooks® for your bookkeeping and financial needs? If you work in QuickBooks® 2010 or QuickBooks® for Mac 2010, be aware these versions of QuickBooks® are scheduled to sunset on May 31, 2013. What does this mean for your small business? If you only use the products saved on your computer, than you can continue […]

Lost tax-exempt status? How to get it reinstated

Smaller organizations that lost their exempt status for failure to file the required annual returns for three consecutive years can now retroactively reinstate the tax-exempt status. Over the past few years, the IRS has attempted to inform organizations of their filing responsibilities and the consequence of failing to file. Nonetheless, many organizations have failed to […]

Newly revived “charitable IRA rollovers”: Time is running out for 2012 tax savings

The American Taxpayer Relief Act of 2012 (ATRA) revives for 2012 and 2013 the opportunity to make tax-free IRA distributions (up to $100,000 per year) for charitable purposes. If you’re age 70½ or older, you can make a direct contribution from your IRA to a qualified charitable organization without owing any income tax on the […]