Monthly Archives: July 2011

Avoid Potential I-9 Violations

Posted on July 25, 2011

In recent years, the Congress has worked to reform the nation’s immigration laws.  These reforms preserve the tradition of legal immigration to this country while closing the door to illegal entry. According to the Immigration Reform and Control Act, employers … Continue reading →

Posted in News & Updates | Tagged employer, I-9 violations, independent contractor | Leave a comment

The Tax Consequences of a C Corporation

Posted on July 20, 2011

A C corporation is a separate legal entity that exists independently from its owners and is taxed separately. It files a return, IRS Form 1120, to report its income and expenses. There is a separate tax rate schedule for corporations, … Continue reading →

Posted in News & Updates | Tagged C Corp., Corporate Profit, Dallas Tax CPA, Dallas Tax pro, Dividends, Retained Earnings, Tax | Leave a comment

Benefit Plan Sponsors Have an Obligation to Educate Their Participants

Posted on July 19, 2011

Did you know that benefit plan sponsors have a responsibility to educate their participants about the plan and how the plan can augment their investment strategies for their retirement?  You have a duty to educate your employees about how your … Continue reading →

Posted in News & Updates | Tagged 401K Plans, Employee Benefit Plan, Employee Benefit Plan Dallas | Leave a comment

FUTA Surtax Expired

Posted on July 14, 2011

Beginning July 1, the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect. Therefore, the FUTA tax rate is now 6.0%, before any possible state unemployment tax credits. The surtax was a portion of the 6.2% gross unemployment … Continue reading →

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