2340 Detroit Ave, 3rd Floor Maumee, OH 43537 | Phone: 419-535-5502

Ask the Experts: Taxability of Reimbursements for Mileage | OH Benefits Team

Question: Are amounts an employer reimburses employees for mileage taxable? Answer: They may be; the type of reimbursement plan will dictate whether reimbursement for business travel is or is not taxable. Both accountable plans and non-accountable plans allow an employer to reimburse employees for their business expenses. With an accountable plan, the reimbursement is not … Continued

Federal Employment Law Update – February 2018 | Ohio Benefit Advisors

IRS Releases Publication 15 and W-4 Withholding Guidance for 2018 On January 31, 2018, the federal Internal Revenue Service (IRS) released Publication 15 — Introductory Material, which includes the following: 2018 federal income tax withholding tables. Exempt Form W-4. New information on: Withholding allowance. Withholding on supplemental wages. Backup withholding. Moving expense reimbursement. Social Security … Continued

SSA Announces Higher Incomes Subject to Payroll Tax in 2017 | Ohio Benefit Advisors

On October 18, 2016, the Social Security Administration (SSA) announced the maximum amount of earnings that are subject to the Social Security payroll tax will increase in 2017 to $127,200. This adjustment is effective as of January 1, 2017 and equates an $8,700 increase from the maximum for years 2015 and 2016, which was $118,500. … Continued

IRS Reporting Tip: Check the Right Boxes on Your Cover Sheet | Ohio Employee Benefits

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium … Continued

Seven Health Tax Tips

It’s everyone’s favorite time of year: Tax season. Do you know how to make the most of it?

Payroll Tax Issues Remain in Limbo with Many Due to Sunset

With 2013 just weeks away, payroll professionals are getting extremely anxious about various favorable payroll tax provisions.

Think Anyone Can Prepare Your Tax Return? Think Again!

Some red flags you should look for when a tax preparer is referred to you