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Returning Value Blog

Blow the Dust off Your Employee Handbook

Posted by Becky Snedigar on Mar 07, 2019

It’s probably safe to say that most employers have created some form of an employee handbook. But just because your organization has one, that doesn’t mean it’s functional.

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Posted in Payroll, HR & Benefits

Does It Still Make Sense for Employers to Reimburse Employees' Moving Expenses?

Posted by Lesley L. Price, CPA on Mar 05, 2019

Some employers reimburse new hires for moving expenses when they relocate. Others reimburse existing employees whose jobs are moved to other locations. Maybe you do both. Now that there’s no tax deduction for moving expenses incurred by individuals, and no more tax-free treatment for employer moving-expense reimbursements, you might wonder: Does it still make sense to reimburse employees for moving expenses?

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Posted in Business Tax

How to Report Stock Compensation Paid to Nonemployees

Posted by Nick Wheeler, CPA on Feb 28, 2019

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to nonemployees for providing goods and services, under recent guidance issued by the Financial Accounting Standards Board (FASB).

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Posted in Business Tax

Eight Key Tax Planning Opportunities for 2019

Posted by Michael D. Machen, CPA, CVA on Feb 25, 2019

More than a year after sweeping federal and state tax reform were enacted, businesses of all sizes are still wrapping their arms around the changes.  Additional guidance and regulations have been issued nearly every month—indeed, change is the new normal. Strategic tax planning now is key to lowering businesses’ total tax liability.  Read on for eight top planning opportunities and considerations businesses should review as part of their 2019 strategy. 

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Posted in Tax Planning

There's a Better Way to Raise College Funds

Posted by Lisa Albritton on Feb 22, 2019

Advantages of 529 education savings plans.

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Posted in Individual Tax

The Home Office Deduction: Actual Expenses vs. the Simplified Method

Posted by Marty Williams, CPA on Feb 21, 2019

If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your 2018 income tax return. There are now two methods for claiming this deduction: the actual expenses method and the simplified method.

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Posted in Business Tax

4 Questions of Compensation Philosophy to Ponder

Posted by Amber Malik on Feb 19, 2019

In the simplest of worlds, an employee effectively performs a set of tasks on an agreed-upon schedule and you pay him or her a fair wage. End of story. But, in the real world, employers need to craft a compensation philosophy: a formal statement outlining their belief system and approach to all the different ways they compensate employees. Here are four compensation philosophy questions to ponder:

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Posted in Payroll, HR & Benefits

Auditing Cashless Transactions

Posted by Melissa Motley, CPA on Feb 15, 2019

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may be wondering: How does the acceptance of these types of transactions affect the auditing of your financial statements?

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Posted in Audit & Assurance

When Are LLC Members Subject to Self-employment Tax?

Posted by Lesley L. Price, CPA on Feb 13, 2019

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down on LLC members it claims have underreported SE income, with some success in court.

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Posted in Business Tax

DOL Increases Penalties for Many Labor Law Violations

Posted by Murry Guy, CPA on Feb 11, 2019

Every employer knows that failing to comply with federal laws is costly, but it’s getting even more so. The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 directs federal agencies to adjust civil penalties for inflation each year. As a result, the Department of Labor recently issued a final rule that revises civil penalties for many violations of federal labor laws for 2019. Here are some of the major areas to be aware of:

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Posted in Accounting & Outsourcing

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