Employment tax year-end planning essentials
Are you ready?
On 13 November 2014, our “Employment tax year in review” webcast participants provided valuable feedback about three of the year’s hot topics: Affordable Care Act information reporting, taxation of same-gender partner benefits and preparedness for meeting new local transit benefit mandates.
Here’s what we learned:
- A large majority of responders, 69%, said they will look to their payroll and employment tax departments to meet the new Affordable Care Act information reporting requirements.
- Close to half of the responders have not yet reviewed the accuracy of their state payroll tax treatment of same-gender spousal and partner benefits.
- Over 30% of responders have not yet confirmed that their transit and parking benefit plans meet IRS requirements, putting them and their employees at risk of losing tax-favored status for these benefits.
Click on our infographic to see the summary of the polling results.
For more information
|Download highlights of "Employment tax year in review" webcast.|