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PA ACT 32 - Local Tax Withholding
Effective January 1, 2012, PENNSYLVANIA Act 32, will affect
ALL Pennsylvania employers.
To help you comply with the new requirements, the Pennsylvania
Institute of Certified Public Accountants has prepared the “Act
32 Checklist” which will give you line by line instructions for
gathering the information required to comply. PICPA pdf
document link:
Act 32 Checklist
Please note that if you are located in a county that has named
Berkheimer Tax Administrator as their earned income tax
collector,
through “Berk-e”, their e-file portal (www.berk-e.com)
you can upload a file of employee’s addresses, which their
system will standardize, match and return to you with the
appropriate resident rate and jurisdiction |
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Small Business
Health Care Credit
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HIRE Act:
Questions and Answers for Employers
Under the Hiring Incentives to Restore Employment
(HIRE) Act, enacted March 18, 2010, two new tax benefits
are available to employers who hire certain previously
unemployed workers (“qualified employees”).
http://www.irs.gov/businesses/small/article/0,,id=220745,00.html
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COBRA: Answers for
Employers
Under the American Recovery and
Reinvestment Act of 2009, certain individuals who are eligible for COBRA
continuation health coverage, or similar coverage under state law, may
receive a subsidy for 65 percent of the premium. These individuals are
required to pay only 35 percent of the premium. The employer may recover
the subsidy provided to assistance-eligible individuals by taking the
subsidy amount as a credit on its quarterly employment tax return. The
employer may provide the subsidy — and take the credit on its employment
tax return — only after it has received the 35 percent premium payment
from the individual. For more information ...
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FORM 990 Redesigned for 2008 |
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On December 20, 2007, the IRS released the redesigned Form 990,
Return of Organization Exempt from Income Tax (2008 Form 990).
Organizations will begin using the new form for the 2008 tax year (returns filed
in 2009).
See
http://www.irs.gov/charities/article/0,,id=181089,00.html
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The Form includes a number of items related to Governance of the
Organization, including questions about Conflicts of Interest, Document
Destruction and Whistleblower policies. See
page 6 of Form 990 |
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Unemployment Compensation: Employer
Services |
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A statement of benefit payments,
Form UC-640, Monthly Notice of Compensation Charged, is sent monthly to covered
employers.
- An employer should
thoroughly review this statement to ensure that charges have been accurately
applied. -
If discrepancies appear, the employer should immediately contact
the nearest UC Service Center office.
* Please send copy of Form UC-640
to us. |
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For more information visit:
http://www.dli.state.pa.us/landi/cwp/view.asp?a=362&q=237688
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Pennsylvania's Dispositions of
Abandoned and Unclaimed Property Law |
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(72 P.S. sections 1301.1-1301.28a) |
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Property that is unclaimed
by the owner for a specified period of time--usually five years--is deemed
abandoned under the law and is subject to the custody and control of the
Commonwealth. Once that period ends, holders of unclaimed property must file a
report, with some exceptions, and deliver the property to the Treasury
Department's Bureau of Unclaimed Property. The law defines "property" very
broadly to include tangible and intangible property, along with any income the
property has generated. |
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For more information visit:
http://www.patreasury.org/unclaimedPropertyFAQ.html |
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NJ
Taxation - Initiation
Fees, Membership Fees and Dues
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On and after October 1, 2006, the new law (P.L. 2006, c. 44) imposes sales
and use tax on the charges for initiation fees, membership fees or dues for
access to or use of the property or facilities of a health and fitness,
athletic, sporting or shopping club or organization in New Jersey, unless
the club or organization’s members are predominantly age 18 or under. |
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Tax-exempt Social Clubs - Inurement Prohibited |
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Internal Revenue Code Section 501(c)(7) prohibits exemption
if any part of the organization's net earnings inures to the benefit of any
person having a personal and private interest in the activities of the
organization. |
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