W-2s to be filed January 31
The deadline for filing W-2s with the Social Security Administration has been pushed up a month, giving employers until Jan. 31 to file the forms. The date was moved to give the IRS more time to verify tax returns and process refunds more quickly. However, the accelerated deadline – which is the same date required for […]
New law opens door to HRAs for small businesses
A new law, The 21st Century Cures Act, signed in December by President Obama has eased some restrictions and provided some flexibility for small employers who want to offer their employees financial assistance through a standalone health reimbursement plan beginning in 2017. A standalone HRA – Health Reimbursement Arrangement – is one that is not […]
Georgia employers offered tax credit for hiring parolees
Employers in Georgia have an opportunity to take advantage of a temporary tax credit if they hire individuals who have recently been granted parole. According to the state law, O.C.G.A. Section 48-7-40.31, employers who hire qualified parolees in a full-time job for at least 40 weeks during a 12-month period are eligible for an income […]
Sparkmon in the news
Local newspaper, eMetro Times, picked up coverage of Sparkmon & Associates, CPAs, donation of Christmas items to the Atlanta Ronald McDonald House Charities. We are happy to share the good news!
Making holidays a little happier at the Ronald McDonald House
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Beware of Arch card scam
During this gift-giving season, business owners need to take steps to make sure they don’t get taken by scam. Several McDonald’s owner/operators have reported over the past several months that they have sold thousands of Arch cards only to discover they were purchased with stolen credit cards. In a recent instance, a gentleman entered […]
Good news
Sparkmon & Associates was recently featured by the Rockdale Citizen, the Newton Citizen and the East Metro Times for its donation of Thanksgiving dinners to families in need at Phoenix Pass.
IRS scams continue to plague taxpayers
It’s the season of giving, but be careful not to be charitable with con artists looking to capitalize on the busiest time of the year. The number of phishing scams continues to increase, and those that are designed to exploit the desire of most taxpayers to comply with the law are particularly sinister since they […]
ALERT: Judge blocks new overtime rule
A federal judge in Texas issued Tuesday an injunction blocking new overtime rules from taking effect. The rule, which was supposed to go into effect Dec. 1, would have required employers to pay overtime to all employees earning $921 a week or $47,892 a year, according to Forbes.com. This was nearly double the current cap, […]
ALERT: New I-9 Form Released
Beginning in January, employers will be required to use a revised version of Form 1-9 for Employment Eligibility Verification. This new form, published in November by the U.S. Citizenship and Immigration Services, is designed to clarify some fields and make it easier to complete electronically. Among the changes in the new version, Section 1 asks […]