News & Resources

2015 Accountants' Memorandum

This is our annual information brief that is primarily intended to address payroll tax matters and information reporting requirements.  We will not address corporate inversions, sales tax nor detail the provisions of the Affordable Care Act beyond the basic reporting requirements.  We do touch on a few other federal and California tax matters that relate to new items that may be of interest to our clients.  We have also added a section about tracking basis in S-Corporations and Partnerships.

Other than the recently signed Tax Extender bill, there were no substantive federal tax bills that were passed by Congress and signed into law in 2014.  However, there are new regulations and the rollout of the Affordable Care Act (ACA) continues.  The ACA requires information reporting by insurers, self-insuring employers and certain large employers with respect to the health coverage offered to their full-time employees. If you have specific questions about anything you see, do not hesitate to contact us.

To view or download the memorandum, please click here.