http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Fri, 04 May 2012 13:21:07 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://askcpasam.com/blog/2009/05/13/its-small-business-week/ http://askcpasam.com/blog/2009/05/13/its-small-business-week/#comments Wed, 13 May 2009 18:48:43 +0000 CPA Sam http://askcpasam.com/blog/?p=325 Happy National Small Business Week!  This happens to be the illustrious week designated for increased awareness of issues surrounding the small business community.  In honor of this week, I wanted to highlight three very big issues facing small employers. 1. Health Care Costs – The Obama administration is looking to find a way to cover [...]

]]> http://askcpasam.com/blog/2009/05/13/its-small-business-week/feed/ 0 http://askcpasam.com/blog/2009/02/06/taxes-are-taxing-insurance-is-taxing/ http://askcpasam.com/blog/2009/02/06/taxes-are-taxing-insurance-is-taxing/#comments Fri, 06 Feb 2009 14:14:15 +0000 CPA Sam http://askcpasam.com/blog/?p=266 Q. What is the law regarding employer paid medical/dental premiums for opposite sex partners in a domestic partnership? We pay 80% of one dependent premium for our employees. For same sex domestic partnerships we add the 80 % amount as income for tax purposes each pay period.  We would do the same for opposite sex [...]

]]> http://askcpasam.com/blog/2009/02/06/taxes-are-taxing-insurance-is-taxing/feed/ 0 http://askcpasam.com/blog/2008/11/19/i-have-my-limits-hsa-that-is/ http://askcpasam.com/blog/2008/11/19/i-have-my-limits-hsa-that-is/#comments Wed, 19 Nov 2008 13:50:40 +0000 CPA Sam http://askcpasam.com/blog/?p=185 Q. I am new to the Health Savings Account world, having elected this option this calendar year.  I am confused about what I can have deducted and what my limits are within this year.  I currently have deducted $4400 and my company has funded $268.  I am over 50, are there any differences in terms [...]

]]> http://askcpasam.com/blog/2008/11/19/i-have-my-limits-hsa-that-is/feed/ 1 http://askcpasam.com/blog/2008/04/07/qualified-medical-expenses/ http://askcpasam.com/blog/2008/04/07/qualified-medical-expenses/#comments Mon, 07 Apr 2008 17:36:00 +0000 CPA Sam http://askcpasam.com/blog/?p=11 Q: Can I use my Health Savings Account (HSA) for over-the-counter (OTC) cough medicines? A: This question gets to the heart of the coolest benefit from an HSA plan. The savings account portion is meant to cover the deductible expenses that you incur now that the deductible is much higher than a traditional indemnity plan. [...]

]]> http://askcpasam.com/blog/2008/04/07/qualified-medical-expenses/feed/ 0 http://askcpasam.com/blog/2008/04/03/health-savings-accounts/ http://askcpasam.com/blog/2008/04/03/health-savings-accounts/#comments Thu, 03 Apr 2008 15:18:00 +0000 CPA Sam http://askcpasam.com/blog/?p=9 Q. My employer just switched to a Health Savings Account plan for our insurance. How does this work? It seems so expensive. A. The Health Savings Account is a fairly recent concept delivered by Congress. The attempt is to get away from the entitlement mentality to more of an ownership mentality. Under the standard insurance [...]

]]> http://askcpasam.com/blog/2008/04/03/health-savings-accounts/feed/ 0 http://askcpasam.com/blog/2008/03/24/w-2-and-w-4/ http://askcpasam.com/blog/2008/03/24/w-2-and-w-4/#comments Mon, 24 Mar 2008 22:31:00 +0000 CPA Sam http://askcpasam.com/blog/?p=8 Q. What’s the difference between a W-2 and a W-4? A. Through my tenure on the IRS IRPAC advisory group, I have learned one great rule, there are thousands of abbreviations and acronyms thrown around the government. Just in payroll there are so many of them that is hard for someone who works in that [...]

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