The CPA Desk

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Tag Archives: ACA

Tax credits just for small businesses may impact your 2017 and 2018 tax bills

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Two still-available tax credits are especially for small businesses… Continue Reading

Two ACA Taxes Which May Apply to Your Executive Compensation

If you’re an executive or another key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and traditional employee benefits. And planning… Continue Reading

Health Reporting Forms for Employers

The IRS has issued draft versions of the reporting forms most employers will use in 2015 to show their group health insurance plans comply with the health care reform law. The forms are the primary means through which the government will enforce the health care reform law’s minimum essential coverage and shared responsibility requirements for… Continue Reading