News Updates

New form W-9

By: Satya Yeruva Starting on January 22, 2017, all employers are now required to use the new I-9 form (version date 11/14/2016) to verify the identity and employment authorization eligibility of employees. Failure to ensure proper completion and retention of Forms I-9 may subject you to civil money penalties of up to $2,156 per I-9 […]
Continue Reading

IRS, States, Industry Urge Taxpayers to Learn Signs of Identity Theft

By: Eunice Go No matter how careful you are, identity thieves may be able to steal your personal information. If this happens, thieves try to turn that data quickly into cash by filing fraudulent tax returns. The IRS, state tax agencies and the nation’s tax industry ask for your help in their effort to combat […]
Continue Reading

California’s $15 Per Hour Minimum Wage Schedule

By: Hansa Patel As of January 1, 2017, the state minimum wage at employers with 26 or more employees increases to $10.50 per hour, and then increases 50 cents per hour on January 1, of each following year until and including 2022, when the rate will reach $15 per hour. For employers of 25 or […]
Continue Reading

2016 Year-End Financial Planning

By: Narender Singh Ordinary income tax rates. One of the most significant changes over three years ago that still reverberates with many taxpayers is the creation of the 39.6 percent bracket, up from a top 35 percent rate. Net Investment Income (NII) tax. The NII tax is 3.8% on the lesser of net investment income […]
Continue Reading

Summary on Goods & Services Tax – India

What is GST? GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer replacing different types of indirect tax levies. This is game changing reform for the Indian economy. […]
Continue Reading