The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Taxes · 5 min read ·
2017 Filing Info from the IRS Tax Commissioner
IRS Commissioner John Koskinen made some comments a few weeks ago regarding the 2017 tax filing season. Here is information he shared: Last year, the IRS issued almost 111 million refunds. That amounted to about 73 pe…
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Payroll · 3 min read ·
Labor Law Changes in California for 2017
There have been many changes to the labor laws in California that took effect January 1, 2017. The new laws listed below are pertinent to private businesses and will be put in place this year: Smoking is prohibited in…
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Payroll · 1 min read ·
New Contractor Misclassification Guidance Available
Workers, employers, and government agencies can find new guidance on the Department of Labor's new website about contractor misclassification (workers shown as independent contractors rather than employees). According…
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Payroll · 2 min read ·
Identifying an Employee's Request for Accommodation
Do you know when to determine if an employee is requesting an accommodation? In a post recently shared by ePlace Solutions, the risk management experts, information on a recent decision was shared ( Kowitz v. Trinity…
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Bookkeeping · 2 min read ·
1099 Vendor Misunderstandings
As my staff has reached out to clients requesting W9 forms for those we don't have on file, I have found there are a lot of misunderstandings regarding who is considered a vendor for 1099 reporting. I've heard comment…
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News · 2 min read ·
I-9 Deadline Approaches Quickly
The U.S. Citizenship and Immigration Services (USCIS) released the new Form I-9 and all employers are required to start using the new form starting January 22, 2017 . What is the I-9 process? Within three days of hiri…
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Business · 1 min read ·
International & Domestic Trade Conference 2017
Are you a business involved in international or domestic trade and located in the Los Angeles area? You might be interested in attending a conference hosted by the State Board of Equalization which will be held Friday…
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Bookkeeping · 2 min read ·
Failing to File Information Returns Carries Expensive Penalties
Are you prepared to mail out information returns this month? A law was passed in 2015, changing the penalty amounts for failing to file the IRS information returns and not giving required statements to payment recipie…
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Business · 3 min read ·
Reviewing the Past/Planning the Future
It's the New Year and the perfect time to review what you accomplished for 2016 and plan your goals for 2017. Look at the goals you set for 2016 and see how you did compares to what you hoped to do. There are multiple…
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Taxes · 3 min read ·
New Scams Targeting Taxpayers
Tax season starts next month. Criminals deceive many people. They start by stealing information, and ultimately money from them. Identity theft and refund fraud scams are common. Increasingly, there are schemes to swi…
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Payroll · 6 min read ·
ACA Reporting Answers Part 2
In the last post ( /aca-reporting-answers-part-1/ ), I shared some information on which employees should receive forms 1094 which reports insurance coverage for full-time employees. Today's blog shares how to report o…
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Payroll · 3 min read ·
ACA Reporting Answers Part 1
Are you an employer with 50 or more full-time equivalent employees (also known as an ALE) and are required to file forms 1094 and 1095? Do you have someone assisting you with this task, or are you the one responsible…
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