The HRT Department: increasing connectivity between human resources and tax (Affordable Care Act, credits and employment tax)
|
|
- Whitney Sparks
- 5 years ago
- Views:
Transcription
1 The HRT Department: increasing connectivity between human resources and tax (Affordable Care Act, credits and employment tax)
2 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US. This presentation is 2015 Ernst & Young LLP. All rights reserved. No part of this document may be reproduced, transmitted or otherwise distributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP. Any reproduction, transmission or distribution of this form or any of the material herein is prohibited and is in violation of US and international law. Ernst & Young LLP expressly disclaims any liability in connection with use of this presentation or its contents by any third party. Views expressed in this presentation are those of the speakers and do not necessarily represent the views of Ernst & Young LLP. This presentation is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide tax advice to any taxpayer because it does not take into account any specific taxpayer s facts and circumstances. These slides are for educational purposes only and are not intended, and should not be relied upon, as accounting advice. Page 2 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
3 Today s presenters Rebecca Truelove Ernst & Young LLP New York, NY Jennie DeVincenzo Ernst & Young LLP Iselin, NJ Brandon Pyers Ernst & Young LLP Philadelphia, PA Dorian Hunt Ernst & Young LLP Boston, MA Page 3 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
4 Agenda Introductions Employment tax considerations Affordable Care Act (ACA) Credits and incentives New market tax credits and federal extender opportunities Tax extenders updates Questions Page 4 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
5 Employment tax considerations Page 5 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
6 Employment tax: leading practices and the necessity of coordination between tax, human resources (HR) and payroll Coordination between tax, HR and payroll is crucial for maintaining accurate payroll and payroll tax records: Maintaining open lines of communication between tax and HR with monthly update meetings Having dedicated tax team members to answer payroll-tax-related questions as they arise Reviewing earnings and deductions taxability with the tax team annually, including benefit plan changes Including HR and payroll in planning and integration of mergers and acquisitions Typical issues that occur without proper coordination: Incorrect calculation of federal, state and local taxable wages (requires Forms W-2c and amended filings) Traveling employees not reported accurately Nexus issues for other tax types (new hires, employees telecommuting, address changes, etc.) Incorrect state or localities assigned to employees transferring between companies or states Increased unemployment tax rates due to lack of protesting claims or correctly coding terminations Interest and penalties for failure to notify state agencies of employee transfers Page 6 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
7 Mergers and acquisitions (M&A): employment tax considerations Employing entity reporting structure Consider use of reporting agent vs. entity-level filing Federal successorship implications FICA and FUTA wage carry-overs Address with payroll provider the accumulation and carryover of year-to-date data Quarterly and annual employment tax returns Form 941, Employer s Quarterly Federal Tax Return Form 941, Schedule D, Report of Discrepancies Caused by Acquisitions, Statutory Mergers or Consolidations (if applicable) Form 940, Employer s Annual Federal Unemployment Return Form W-2, Wage and Tax Statement, filing Standard or alternate procedure Employee communications Page 7 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
8 M&A: employment tax considerations Employment tax filings and applications (per state and local, per entity) Federal (Internal Revenue Service (IRS)) cover letters (if applicable) State and local income tax withholding applications State unemployment tax status reports Applications for transfer of unemployment experience (totals or partials) Account closure forms (unemployment and withholding) for predecessor (if applicable) State unemployment tax experience transfers Review partial transfer provisions and viable elections Model state unemployment tax rate impact and ramifications associated with transfers Consider historical, current and long-term employment tax structure to understand the costs and benefits post transfer Memorialize tax savings and cost analysis Page 8 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
9 M&A: employment tax considerations Coordination with payroll vendors Transfer of employees in payroll system Carry-over of historical wages Communication of Form W-2 procedure Make certain tax identifications, unemployment tax rates and filing frequencies are set up correctly in payroll system Post transfer follow-up Confirm withholding and unemployment accounts are established Confirm state unemployment tax rate assignments Confirm predecessor s account closings Confirm annual tax filings and reconciliations Protest incorrect tax rate assignments (if necessary) Respond to state agency inquiries or notices Page 9 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
10 M&A: employment tax opportunities Consider the structure of the transaction Stock and asset acquisitions between non-related entities Transfers between commonly owned and controlled entities Understand the state laws regarding total and partial transfers of employment Consider timing of the transaction Review voluntary contribution and joint account opportunities Consider refund opportunities for prior transactions Page 10 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
11 Short-term business travelers (STBT): basic rules and wage withholding requirements for employers Wages paid to a resident for services provided within and outside of the state generally are subject to resident income tax. Absent a reciprocal agreement, nonresident income tax is required on wages for services earned within the nonresident state. When withholding state income tax, priority generally is given to the nonresident income tax. The resident state may consider nonresident income tax in the income tax withholding calculation, depending on the state. Page 11 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
12 Short-term business travelers: the relevance of nexus When a nonresident employee performs services in the state, those services generally create employment tax nexus within that state. In addition to triggering an income tax withholding requirement, other business taxes, such as sales and use, may also be triggered. Keep in mind, that once there is a nonresident withholding obligation, a resident withholding obligation may also apply. If employees regularly work from home, most states consider the home office a place of business (creating nexus). Businesses with employees who regularly work from home sometimes fail to pay and file for other business taxes (e.g., sales and use). Page 12 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
13 Short-term business travelers: the current domestic landscape Proposed federal legislation (HR 1129) Mobile Workforce Simplification Act Allows employees to work outside their home states for up to 30 days without being subject to nonresident state income tax and withholding Similar to earlier proposed bills that historically have not received support or traction. Significant support from Council on State Taxation Legislation has opposition in several states where the revenue impact would be significant (New York and California) Page 13 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
14 Short-term business travelers: the current domestic landscape States actively seeking to generate revenue Aggressive electronic state audits (e.g., New York and Connecticut) States changing deferred compensation taxation (e.g., New York, Minnesota and Georgia) States consider wages and salary and equity compensation Local tax jurisdictions also now auditing nonresident workforce (e.g., Philadelphia, Columbus and Wilmington) Issues employers currently face: Income tax not withheld in nonresident work state for short-term, business-traveling workforce Statute of limitations (employer or employee) Limited system capabilities to track STBTs and calculate the appropriate nonresident wage allocation and income tax withholding Complicated withholding tax calculation for deferred and equity-based compensation Page 14 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
15 Affordable Care Act (ACA) Page 15 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
16 Summary of key employer burdens Systems readiness Ability to track employees by entity through their initial and ongoing measurement and stability periods Ability to identify employees who should be under an offer of coverage Ability to track by month and by entity all required fields for Sections 6055 and 6056 reporting Analytics and reporting Define eligible employees using look-back method Monitor ongoing employment status based on actual hours worked by entity Monitor 4980H(a) excise penalty risk by entity (95% rule, 70% for 2015) Identify data location of all data elements required for employer reporting Sections 6055 and 6056 IRS informational reporting data by month and by entity Interaction with marketplaces Employee communications Designate a team responsible for promptly analyzing and responding to marketplace queries or notices Make certain that systems are programmed to pull the required data to track and respond to notices Establish a process so the notices are circulated to the correct team for a response (e.g., educate mail room employees, managers, business unit leaders) Distribute Fair Labor Standards Act Section 18B notices to all new hires within 14 days of start date Develop a broad employee communication plan to facilitate the exchange process, including employee education workshops, additional call center staffing and support to address ACA queries, web-based education and tools, and escalated employee queries Page 16 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
17 The ACA is a business issue The ACA is not only a benefits issue it is a business issue Shareholders, boards and audit committees need to understand the costs and tax liabilities and plan for minimizing their exposure. The ACA impacts the HR, timekeeping and payroll, information technology, accounting, tax, legal and internal audit functions. Company systems and processes must be capable of complying with significant reporting requirements. The ACA is expected to expand health coverage to an estimated 25 million previously uninsured Americans by Depending upon your workforce, cost-saving opportunities may exist for your business and employees. Page 17 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
18 Are your systems and processes ready and capable? Time and attendance Payroll Systems and processes may be incapable of locating and aggregating data to prepare calendar-month statutory reports Labor scheduling Section 6055 Contingent worker database Consolidated data Section 6056 Prepare Sections 6055 and 6056 IRS reports for each entity Prepare Sections 6055 and 6056 individual statements Employee master data Benefits administration Benefits administration Outsourced providers Page 18 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
19 ACA financial, accounting and tax implications The ACA creates a business issue, not just a benefits issue. On 28 June 2012, the US Supreme Court upheld the individual mandate and indicated that the penalties under the ACA are considered to be taxes. Shareholders, boards and audit committees want to understand the costs and tax liabilities and plan for minimizing their exposure. External auditors need to make certain controls are appropriate to mitigate significant risks to the company. Systems and processes need to be established to prepare for significant IRS reporting requirements. Cost increases should be quantified to the budget and plan for gradual changes. Companies are including the ACA in the due diligence process during the acquisition process. The ACA is one of the most significant business changes since the Sarbanes-Oxley Act. Page 19 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
20 Risk factors The following represent factors often leading to higher risk because of increased costs and assessment of penalties under the ACA: Failure to provide affordable coverage to full-time employees resulting in excise tax liability (IRC Section 4980H Excise Tax) $2,000 multiplied by total number of full-time employees Or $3,000 multiplied by total number of full-time employees not offered affordable coverage Failure to report properly to IRS, resulting in failure-to-file penalties ($100 per day, per return) Each Form 1095-C qualifies as a separate return; the penalty potential for a taxpayer is the number of FT employees x $100 per day M&A activity creates risk and requires ACA due diligence to be incorporated into broader due diligence efforts FAS 5 considerations apply in determining tax liability If no liability recorded, company needs to perform an assessment and document controls to support the position Page 20 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
21 Credits and incentives Page 21 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
22 What is Work Opportunity Tax Credit (WOTC)? Federal income tax program Encourages employers to hire from various target groups Credit given for hiring individuals who are: Qualified veterans (unemployed, disabled, using food stamps) Qualified food stamp recipients Designated community residents Long-term family assistance recipients (Temporary Assistance for Needy Families (TANF), formerly Aid to Families with Dependent Children) Qualified ex-felons Qualified SSI recipients Vocational rehabilitation referrals Qualified summer youth employees Qualified via Title IV-A (aid to families whose children are dependent recipients) Page 22 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
23 WOTC basics Screen candidates during the applicant and onboarding process to see if they represent one of the targeted groups (veterans, those on food stamps, etc.). Meet the on-or-before-job-offer requirement Federal requirement is to have all WOTC forms for those screened and eligible submitted to the state agency within 28 days of their start date. Applicable state agencies (e.g., Department of Labor) will provide a state certification or denial. Employees who are certified as WOTC eligible, start earning credit after they work a minimum of 120 hours. Once an employee works 400 hours, they can start maximizing the WOTC credit. The WOTC credit can average $2,400 for many eligible employees, with a maximum credit of up to $9,600 for unemployed and disabled veterans. Page 23 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
24 WOTC overview integrated approach to credits and incentives State training credits LEED advisory Environmental green credits State EZ credits Indian employment credit Job creation credits Charitable contribution credits Federal EZ hiring credits WOTC (location and payroll data) ACA Property tax abatements Historic rehab credits Workforce services wage subsidies State pointof-hire credits Child care credits Investment tax credits Discretionary incentives Negotiated credit compliance Page 24 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
25 Workforce Services proactive recruitment and community involvement Workforce Services connects clients with community-based organizations across the country that offer a range of cash-based workforce incentive programs, such as on-the-job training, wage reimbursements and wage subsidy programs. Typical cash reimbursement programs range from $700 to $5,000 per eligible new hire. Clients can utilize the job posting functionality to increase the pool of tax-credit-eligible applicants, increasing the likelihood of hiring a tax-credit-eligible candidate. Clients can increase their WOTC eligibility by 1.5% to 4% utilizing these services. Page 25 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
26 State point-of-hire credits Illinois Veteran Employment Tax Credit Illinois Unemployed Veteran Job Tax Credit Massachusetts Hiring Incentive Training Grant New York Hire a Vet Credit New York Minimum Wage Reimbursement Tax Credit New York Youth Works Tax Credit New York Workers with Disabilities Employment Tax Credit South Carolina Recipients of Family Independence Benefits Texas Tax Refund for Wages Paid to TANF Recipients Page 26 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
27 State employment-driven incentive programs California Competes Tax Credits Connecticut First Five Job Creation Program Illinois Economic Development for a Growing Economy Program Florida Governor s Quick Action Closing Fund Grow New Jersey Assistance Program New York Excelsior Jobs Program Maine Employment Tax Increment Financing Massachusetts Economic Development Incentive Program Massachusetts Life Science Tax Incentive Program Texas Enterprise Fund Page 27 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
28 Benefits of HR and tax connectivity Knowledge of timing of new hires (i.e., projections) Increased awareness of employee hiring initiatives, mass layoffs, etc. Full-time, part-time, seasonal, temporary, nature of new employees, etc. Employee trends and movement Intimate knowledge of the hiring process Training initiatives Application and compliance assistance Page 28 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
29 New Markets Tax Credit (NMTC) Program and federal extender opportunities Page 29 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
30 NMTC Program overview The NMTC Program was enacted in 2000 to help spur economic and community development and job creation in low-income communities. Community development entities (CDEs) receive a credit (39% over seven years) against federal (and sometimes state) income taxes, which they provide to investors who make qualified equity investments (QEIs). CDEs use the proceeds from the QEIs to make investments in qualified, active lowincome community businesses (QALICBs), typically in the form of forgivable loans. QALICB: A business that develops or rehabilitates commercial, industrial, retail and mixed-use real estate projects in a low-income community A business that develops or rehabilitates community facilities, such as charter schools or health care centers, in a low-income community. A business that develops or rehabilitates for-sale housing units located in a low-income community. Many people ignore the program because they don t have a tax liability (i.e., can t use the tax credits). Remember, a qualified company does not receive a tax credit, but instead receives the forgivable loan to reduce its cash investment in its projects. Page 30 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
31 What is HR connection? Who and what qualifies for NMTC Program financing? Qualified projects: Asset purchases large capital expenditures for assets used in the business that typically will result in creation of jobs or retention of jobs Development new development or expansion of real estate Ongoing business operations such as inventory, operating supplies, etc. Combination one or more of the above Projects must have a positive community impact (jobs or services). It is important to work with HR so that you can make the best case possible to the CDEs. There are a lot of companies that want to pursue forgivable loans. Generating 100 jobs Or Generating 100 jobs that provide an annual salary of $40,000 with partial benefits provided, and 50 hours a year of training toward a certification with upward mobility Page 31 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
32 Tax extenders update Page 32 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
33 Questions? Page 33 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
34 Contacts Rebecca Truelove Ernst & Young LLP New York, NY Brandon Pyers Ernst & Young LLP Philadelphia, PA Jennie DeVincenzo Ernst & Young LLP Iselin, NJ Dorian Hunt Ernst & Young LLP Boston, MA Page 34 Sixth Annual Indirect, State and Local Tax Conference Boston 17 March 2015
Affordable Care Act: what tax directors need to know. 14 May 2013
Affordable Care Act: what tax directors need to know 14 May 2013 Disclaimer Ernst & Young refers to the global organization of member firms of Ernst & Young global llimited, each of which is a separate
More informationWork Opportunity Tax Credit
Work Opportunity Tax Credit 1 Want to skip ahead? Here s what we re going to cover 1 2 3 4 Introduction to WOTC 3 Recent Developments 14 Action Required 16 Applicant Screening Process 17 2 IRC 51 The Work
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference International issues including foreign operations and captive insurers December 7, 2015 Disclaimer EY refers to the global organization, and may refer to one
More informationFMS & HR Tax Screening Services. An FMS Best Practice Tax Credit and Incentive Service
FMS & HR Tax Screening Services An FMS Best Practice Tax Credit and Incentive Service 1 What is a Tax Credit? A tax credit is simply a dollar-for-dollar reduction of taxes owed. Tax credits can be used
More informationINTRODUCTION LEGISLATIVE BACKGROUND WOTC TAX CREDIT
10/07 INTRODUCTION The Agency for Workforce Innovation (AWI) is pleased to provide this handbook to Florida employers who are interested in receiving tax credits against their federal income tax for hiring
More informationWOTC INFORMATION PACKET
WOTC INFORMATION PACKET North Carolina Department of Commerce Work Opportunity Tax Credit WOTC is a Federal tax credit incentive that Congress provides to private-for-profit businesses for hiring individuals
More informationThe negotiation: Massachusetts controversy
The negotiation: Massachusetts controversy Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference What s shaking? State and local tax hot topics for the life sciences industry December 8, 2014 Disclaimer EY refers to the global organization, and may refer
More informationWORK OPPORTUNITY TAX CREDIT
WORK OPPORTUNITY TAX CREDIT Jennifer Rohen May 11, 2016 Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor. 2015 CliftonLarsonAllen
More informationShort-term business travelers. Senior management buy-in, program design, implementation and beyond
Short-term business travelers Senior management buy-in, program design, implementation and beyond Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst
More informationAdding Value to Your Business With the Work Opportunity Tax Credit
Adding Value to Your Business With the Work Opportunity Tax Credit Jennifer Rohen Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference December 9, 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of
More informationEmployment Tax Management Economic Update & Impact on Employers
Employment Tax Management Economic Update & Impact on Employers American Payroll Association Greater Milwaukee Chapter April 15, 2009 Scott Bankert & Sally Rose TALX Corporation AGENDA I. Economic Environment
More information11th Annual Domestic Tax Conference. 28 April 2016 New York City
11th Annual Domestic Tax Conference 28 April 2016 New York City FATCA and other information reporting and withholding for nonfinancial services companies Disclaimer EY refers to the global organization,
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference Understanding the tax impact of joint ventures and December 10, 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More informationHelping Put America to Work
Helping Put America to Work BY MARCUS PANASEWICZ, SENIOR MANAGER, DELOITTE TAX LLP Helping Put America to Work Marcus Panasewicz Senior Manager Deloitte Tax LLP Los Angeles, CA (213) 688-1837 mpanasewicz@deloitte.com
More informationti Understanding WOTC Tax Credits Customized Tax Credit Webinar for Peopleclick Clients
Identifying i Your True Tax Credit Potential: ti Understanding WOTC Tax Credits Customized Tax Credit Webinar for Peopleclick Clients Welcome to our Webinar! Kitty Leggieri Director MAXIMUS Tax Credit
More informationNew York tax reform almost a year later
New York tax reform almost a year later Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal
More information26th Annual Health Sciences Tax Conference
26th Annual Health Sciences Tax Conference Cross-border financing and impact of Section 385 December 5, 2016 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More informationWorldwide tax reporting in the shared services age: seizing the opportunity and managing the risk. 14 May 2013
Worldwide tax reporting in the shared services age: seizing the opportunity and managing the risk 14 May 2013 Disclaimer Ernst & Young refers to the global organization of member firms of Ernst & Young
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference non-qualified benefit plans, and executive compensation December 7, 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the
More informationMultistate indirect tax trends and policies
Multistate indirect tax trends and policies Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference Managing tax function stakeholders: chief financial officers, audit committees and others December 10, 2014 Disclaimer EY refers to the global organization,
More information21st Annual Health Sciences Tax Conference
21st Annual Health Sciences Tax Conference Implementation challenges arising out of health care reform 5 December 2011 Disclaimer Any US tax advice contained herein was not intended or written to be used,
More informationTax Season Insights with Ernst & Young. March 29, 2019
Tax Season Insights with Ernst & Young March 29, 2019 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is
More informationAdding Value to Your Business With the Work Opportunity Tax Credit
Adding Value to Your Business With the Work Opportunity Tax Credit Jennifer Rohen Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment
More informationCompliance and reporting: recent developments and issues. 1 May 2013
Compliance and reporting: recent developments and issues 1 May 2013 Disclaimer Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate
More information2018 Homebuilder CFO Roundtable. Wynn Las Vegas 7 May 2018
2018 Homebuilder CFO Roundtable Wynn Las Vegas 7 May 2018 1 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which
More information11th Annual Domestic Tax Conference. 17 May 2016 Chicago
11th Annual Domestic Tax Conference 17 May 2016 Chicago Credits and incentives Location investment, tax credits and sustainability Today s presenters Dan Domenicucci Partner, Ernst & Young LLP Leslie Hobson
More information2018 Homebuilder Tax Director Roundtable. Wynn Las Vegas 7-8 May 2018
2018 Homebuilder Tax Director Roundtable Wynn Las Vegas 7-8 May 2018 1 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited,
More informationAffordable Care Act health insurance information reporting are you ready?
Affordable Care Act health insurance information reporting are you ready? Employers should begin considering data gathering for ACA information reporting Under the Affordable Care Act (ACA) and starting
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference Reading the tea leaves for tax-exempt health plans in a post-vision Service Plan and ACA world December 7, 2015 Disclaimer EY refers to the global organization,
More informationState implications of federal tax reform the international provisions
State implications of federal tax reform the international provisions Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited,
More informationAFFORDABLE CARE ACT (ACA) INFORMATION REPORTING AND COMPLIANCE
AFFORDABLE CARE ACT (ACA) INFORMATION REPORTING AND COMPLIANCE APRIL 17, 2014 Speakers Catherine Creech, Ernst & Young LLP Principal, National Tax Department catherine.creech@ey.com Helen Morrison, Ernst
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference ACO governance models and tax impacts on funds flow December 10, 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference Accounting for income taxes exempt organizations December 9, 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More informationAudit and Permitted Non-Audit Services Pre-Approval Policy (Pertaining to the Company s Independent Auditor)
Audit and Permitted Non-Audit Services Pre-Approval Policy (Pertaining to the Company s Independent Auditor) Statement of Principles Pursuant to the Sarbanes-Oxley Act of 2002 (the Act ) and in accordance
More informationCross-border personal tax services for executives
Cross-border personal tax services for executives Taxation of high net worth individuals a volatile environment 26 29 October 2014 Disclaimer EY refers to the global organization, and may refer to one
More informationTax Cuts and Jobs Act considerations for life actuaries. 20 March 2018
Tax Cuts and Jobs Act considerations for life actuaries 20 March 2018 Presenters Hal Kolpak, ASA, MAAA Manager Insurance and Actuarial Advisory Services Ernst & Young LLP Aria Zhou, ASA, MAAA Senior Insurance
More informationCommunity Benefit Webinar
Community Benefit Webinar IRS: Form 990, Schedule H: A Review of 2014 2015 Form and Instructions Feb. 23, 2016 1 2 p.m. ET The Catholic Health Association of the United States The Catholic Health Association
More information23 rd Annual Health Sciences Tax Conference
23 rd Annual Health Sciences Tax Conference December 11, 2013 Disclaimer Any US tax advice contained herein was not intended or written to be used, and cannot be used, for the purpose of avoiding penalties
More information26th Annual Health Sciences Tax Conference
26th Annual Health Sciences Tax Conference Partnerships and joint ventures: M&A, current developments and JVs with exempt organizations December 7, 2016 Disclaimer EY refers to the global organization,
More informationTECHNICAL EXPLANATION OF THE SMALL BUSINESS AND WORK OPPORTUNITY TAX ACT OF 2007 AND PENSION RELATED PROVISIONS CONTAINED IN H.R
TECHNICAL EXPLANATION OF THE SMALL BUSINESS AND WORK OPPORTUNITY TAX ACT OF 2007 AND PENSION RELATED PROVISIONS CONTAINED IN H.R. 2206 AS CONSIDERED BY THE HOUSE OF REPRESENTATIVES ON MAY 24, 2007 Prepared
More informationSTATE AND FEDERAL INCENTIVES MATRIX (Not inclusive of all business incentives Not all available incentives are guaranteed)
August 2015 FEDERAL New Market Tax Credits Workforce Investment Act - WIA Work Opportunity Tax Credit (WOTC) Federal Historic Rehabilitation Tax Credit Federal Non-Historic Rehabilitation Tax Credit Foreign
More information23 rd Annual Health Sciences Tax Conference
23 rd Annual Health Sciences Tax Conference and public charity status December 9, 2013 Disclaimer Any US tax advice contained herein was not intended or written to be used, and cannot be used, for the
More information23 rd Annual Health Sciences Tax Conference
23 rd Annual Health Sciences Tax Conference Accounting for income taxes: developments and hot topics for for-profit providers December 9, 2013 Disclaimer EY refers to the global organization, and may refer
More informationCRS Report for Congress Received through the CRS Web
CRS Report for Congress Received rough e CRS Web 97-540 E Updated May 14, 1998 The Work Opportunity Tax Credit and e 105 Congress Linda Levine Specialist in Labor Economics Economics Division Summary The
More informationPutting expatriate compensation data to work for you
Putting expatriate compensation data to work for you Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is
More informationAttribute planning and reporting for strategic transactions
Attribute planning and reporting for strategic transactions Mike Medley, Ernst & Young LLP Stephen O Neil, Ernst & Young LLP Sue Lippe, Ernst & Young LLP John Morris, Ernst & Young LLP Disclaimer Ernst
More information11th Annual Domestic Tax Conference. 17 May 2016 Chicago
11th Annual Domestic Tax Conference 17 May 2016 Chicago Current issues in Treasury risk management Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of
More informationBest-in-class accruals management
Best-in-class accruals management Planning for assignment costs related to stock awards 26 29 October 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms
More informationTangible property regulations:
Tangible property regulations: A practice guide to implementation 14 May 2013 Disclaimer Ernst & Young refers to the global organization of member firms of Ernst & Young global limited, each of which is
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference Quantitative services amid corporate tax reform and heightened Internal Revenue Service controversy December 8, 2014 Disclaimer EY refers to the global organization,
More informationHow soft is your landing?
How soft is your landing? Best practices in localization 26 29 October 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited,
More information21st Annual Health Sciences Tax Conference
21st Annual Health Sciences Tax Conference Employment tax update, including medical resident FICA December 5, 2011 Disclaimer Any US tax advice contained herein was not intended or written to be used,
More informationNew and notable in IRS tax controversy
New and notable in IRS tax controversy Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal
More information21st Annual Health Sciences Tax Conference
21st Annual Health Sciences Tax Conference Tax update: Northeast roundtable discussions 6 December 2011 Disclaimer Any US tax advice contained herein was not intended or written to be used, and cannot
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference The winning marathon pace for work and life December 7, 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms
More informationCMS WOTC FEDERAL TAX CREDITS
CMS WOTC FEDERAL TAX CREDITS Agenda About CMS WOTC Objective & Benefits WOTC Work Opportunity Tax Credit Joins other workforce programs that help provide incentives for workplace diversity and improve
More informationColorado Department of Labor and Employment
Colorado Department of Labor and Employment Workforce Programs Work Opportunity Tax Credit 633 17 th Street, Suite 700 Denver, Colorado 80202 www.colorado.gov/cdle/taxcredits Agenda Work Opportunity Tax
More information26th Annual Health Sciences Tax Conference
26th Annual Health Sciences Tax Conference International and offshore captive issues for exempt December 5, 2016 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More informationState Information Reporting and Withholding Services. Supporting your advisory, assessment, compliance, remediation and customer service needs
State Information Reporting and Withholding Services Supporting your advisory, assessment, compliance, remediation and customer service needs Is it time to consider State Information Reporting and Withholding
More informationAmerican Payroll Association
American Payroll Association Government Relations Washington, DC June 2, 2015 Statement for the Record Submitted to the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law In
More informationNinth Annual Domestic Tax Conference. 24 April 2014 New York City
Ninth Annual Domestic Tax Conference 24 April 2014 New York City Recent developments in partnership taxation IRS Circular 230 disclosure Any US tax advice contained herein was not intended or written to
More informationFATCA, FBAR and global regulatory legislation trends impacting your HR function October 2014
FATCA, FBAR and global regulatory legislation trends impacting your HR function 26 29 October 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of
More informationWOTC: Fact vs. Fiction
WORKFORCE SOLUTIONS WOTC: Fact vs. Fiction Busting the top six myths that keep companies from big savings WOTC: Fact vs. Fiction 1 The biggest WOTC myth of all: The Work Opportunity Tax Credit (WOTC) won
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference Current topics in IRS risk management and tax controversy December 7, 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the
More information26th Annual Health Sciences Tax Conference
26th Annual Health Sciences Tax Conference Confronting exemption erosion How are you protecting the foundations of your taxexempt status? December 7, 2016 Disclaimer EY refers to the global organization,
More informationNew York State Audits. March 2, 2017
New York State Audits March 2, 2017 Disclaimer This presentation is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide tax advice to any taxpayer because it does
More informationTEI School - Houston. Intangible Property ( IP ) - Basics in IP Planning. May 3, 2017
TEI School - Houston Intangible Property ( IP ) - Basics in IP Planning May 3, 2017 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global
More information24 th Annual Health Sciences Tax Conference
24 th Annual Health Sciences Tax Conference Update on Section 403(b) plans, employee benefits December 8, 2014 Disclaimer EY refers to the global organization, and may refer to one or more, of the member
More informationInternal Revenue Code Section 51 Amount of Credit
Internal Revenue Code Section 51 Amount of Credit CLICK HERE to return to the home page (a) Determination of amount. For purposes of section 38, the amount of the work opportunity credit determined under
More information26th Annual Health Sciences Tax Conference
26th Annual Health Sciences Tax Conference Nonqualified deferred compensation: new proposed regulations and Form 990 reporting December 5, 2016 Disclaimer EY refers to the global organization, and may
More informationTax Credits: What May Be Missing in Your Bottom Line
Tax Credits: What May Be Missing in Your Bottom Line TaxBreak December 13, 2012 CompuPay is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional
More informationPreparation for a Successful Payroll Year end. Presented by: Jean Domaingue, CPP
Preparation for a Successful Payroll Year end Presented by: Jean Domaingue, CPP November 15, 2012 CompuPay is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor
More informationStrategic Approach to Enhanced Profitability
Employment Tax EMPLOYMENT TAX Strategic Approach to Enhanced Profitability RYAN S STRATEGIC APPROACH AND INSIGHT INTO OUR FUTURE EMPLOYMENT TAX LIABILITIES HELPED CONTROL COSTS, ELIMINATE UNDERPRICING,
More informationWork Opportunity Tax Credit (WOTC) Presented by: Whitney Mauger, CPA
Work Opportunity Tax Credit (WOTC) Presented by: Whitney Mauger, CPA WOTC Agenda: Background Members of targeted groups Compliance Prescreening process Income tax return filing Calculating the credit Tax
More informationTANF FUNDS MAY BE USED TO CREATE OR EXPAND REFUNDABLE STATE CHILD CARE TAX CREDITS
820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org http://www.cbpp.org October 11, 2000 TANF FUNDS MAY BE USED TO CREATE OR EXPAND REFUNDABLE STATE
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference Partnerships and joint ventures (JVs): Mergers and acquisitions (M&A), current developments, and JVs with exempt organizations December 9, 2015 Disclaimer EY
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference December 7, 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which
More informationIntellectual property in the age of BEPS
Intellectual property in the age of BEPS Tax Executives Institute Michigan Chapter Detroit 28 October 2015 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms
More informationImplications. Background
December 15, 2008 Tax Alert 2008-1856 Compensation & Benefits IRS Issues Proposed Regulations on Calculating Includible Amounts Under Section 409A(a) The IRS has issued proposed regulations on calculating
More informationWhy some payroll adjustments can t wait until year-end
Why some payroll adjustments can t wait until year-end Why some payroll adjustments can t wait until year-end By Debera Salam, CPP, and Deborah Spyker, CPA, Ernst & Young LLP If you have taxable noncash
More informationPAYROLL SOURCE TABLE OF CONTENTS
PAYROLL SOURCE TABLE OF CONTENTS SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP 1.1 Importance of the Determination... 1-2 1.2 Employee vs. Independent Contractor... 1-2 1.2-1 Common Law Test... 1-3 1.2-2
More informationGlobal Mobility of Employees: Practical Strategies
Global Mobility of Employees: Practical Strategies Tax Executives Institute Carolinas Chapter Charlotte, NC Jodi Epstein (202) 662-3468 JEpstein@ipbtax.com Douglas Andre (202) 662-3471 DAndre@ipbtax.com
More informationFar and Wide: UNDERSTANDING YOUR FEDERAL AND STATE TAX LIABILITIES. Tyler Waldrupe, CPA Jeffrey A. Ring, CPA
Far and Wide: UNDERSTANDING YOUR FEDERAL AND STATE TAX LIABILITIES Tyler Waldrupe, CPA Jeffrey A. Ring, CPA Agenda What is nexus? How is nexus determined for banks? Impact of filing versus not filing state
More informationUnemployment insurance: how do you rate?
Watch the webcast replay here Unemployment insurance: how do you rate? 7 August 2014 Disclaimer This material has been prepared for general informational purposes only and is not intended to be relied
More information2017 Year-End Tax Planning for Businesses
2017 Year-End Tax Planning for Businesses As 2017 draws to a close, there is still time to reduce your 2017 tax bill and plan ahead for 2018. This letter highlights several potential tax-saving opportunities
More informationEmployment Tax Examinations: Executives in the Crosshairs
Employment Tax Examinations: Executives in the Crosshairs Selected Issues Certain to Annoy Tax Departments Anthony G. Provenzano Marianna G. Dyson November 3, 2017 Employment Tax Exams: Executives in the
More informationSocial security the ongoing quest for compliance
Social security the ongoing quest for compliance Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate
More informationBest-in-class accruals management
Best-in-class accruals management Planning for assignment costs related to stock awards 27-30 October 2013 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms
More information2018 Homebuilder CFO Roundtable. Wynn Las Vegas 7 May 2018
2018 Homebuilder CFO Roundtable Wynn Las Vegas 7 May 2018 1 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which
More informationTermination Pay: When to Pay It, How to Pay It, and How to Tax It. Mindy Harada Mayo Ryan, LLC
Pay: When to Pay It, How to Pay It, and How to Tax It Mindy Harada Mayo Ryan, LLC Mindy.Mayo@ryan.com Employment Tax Issues Pay-When you have to pay Ramification to UI Funds WARN Act Severance Payments
More informationHFMA Lone Star Chapter
HFMA Lone Star Chapter Work Opportunity Tax Credit (WOTC) Services Deloitte Tax LLP May 11, 2012 Discussion items Tax credits in general 2 The opportunity 3 Legislative update 4 Benefits of WOTC 6 Pros
More informationThe Work Opportunity Tax Credit (WOTC) for home care
The Work Opportunity Tax Credit (WOTC) for home care Derek Jones ClearCare Online Thank You To Our Session Sponsor, ClearCare! Stop By Booth #213! 1 Download this presentation Tool This Presentation: www.clearcareonline.com/cahsah-download
More information2018 Homebuilder Tax Director Roundtable. Wynn Las Vegas 7-8 May 2018
2018 Homebuilder Tax Director Roundtable Wynn Las Vegas 7-8 May 2018 1 Disclaimer EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited,
More informationInstructions. Please complete the top section. Please check each box in questions 1 through 6 that apply to you. Please sign and date at the bottom.
Instructions Thank you for taking the time to complete the two forms in this PDF. While the forms ask for sensitive information, that information is critical to the success of this project and we will
More informationWhat s News in Tax Analysis That Matters from Washington National Tax
What s News in Tax Analysis That Matters from Washington National Tax Supplemental Unemployment Benefits Although the U.S. Supreme Court disagreed with Quality Stores and held that regular severance payments
More informationContact and Support Information 2 Information in Tax Year 2017 Release Notes Release Notes
2017.04010 Release Notes July 22, 2018 Contact and Support Information 2 Information in Tax Year 2017 Release Notes 2 Highlights for Release 2017.04010 3 Tax Updates 3 Product Updates 4 Individual (1040)
More informationRecent developments in corporate and partnership planning. May 1, 2013
Recent developments in corporate and partnership p planning Domestic Tax Conference May 1, 2013 Disclaimer Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited,
More information