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Author Archive for Wayne Naegele

wnaegele

August 2013 Tax Compliance Calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of August 2013. August 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates July 27–30. August […]

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wnaegele

IRS ruling highlights benefits of like-kind exchange, deferred tax arrangements

Gain or loss is not recognized when property held for productive use in a trade or business or for investment is exchanged for like-kind property. Instead, the taxpayer’s basis and holding period in the property transferred carries over to the property acquired in the exchange. Deferring taxable gain, always a good strategy, makes more sense […]

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wnaegele

Employer Mandate for Healthcare Reform Delayed Until 2015

In a decision announced on July 2, the Obama administration has decided to postpone the employer mandate for companies with 50 or more employees until 2015. The mandate was previously set to go into effect on January 1, 2014. The mandate is now scheduled to go into effect in January 2015 for employers to offer […]

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