Category: Business Practices
New IRS Code 101(j) changes requires life insurance Notice and Consent in Form 8925
IRS Code Section 101(j) requires employer owned life insurance contracts to have a signed Notice and Consent and annually file of Form 8925 in order to qualify for exceptions to the general rule under this code section. Lack of compliance...
New economic nexus requirements for retailers in California
Beginning April 1, 2019, out-of-state retailers selling above certain thresholds will be required to collect California use taxes on their sales into California. The recent U.S. Supreme Court decision in South Dakota v. Wayfair, Inc. expands the tax collection obligations...
The benefits of hiring veterans
It's a good business decision to hire veterans as studies have shown that veterans are more productive and have higher retention rates. The Institute for Veterans and Military Families (IVMF) published this titled brief which draws from academic literature to...