Remove 2015 Remove Employment Remove Taxes
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Save on taxes: Bonus depreciation for business vehicle purchase

WEX Inc.

Tax deductions if you have a fleet of commercial vehicles Are you a small or large business owner with commercial vehicles, or a fleet manager? Calculating your commercial vehicle spend and how it will be impacted at tax time, including mileage and leasing, can make a huge difference in your overall expenses.

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The Work Opportunity Tax Credit (WOTC) Can Save Your Business Money

HR Bartender

In the book “The Cobler of Preston,” Christopher Bullock wrote the famous line, “’Tis impossible to be sure of anything but death and taxes.” As sure as we are about paying our taxes, one thing we’re often unsure about is getting tax relief. The Work Opportunity Tax Credit (WOTC) is not a new program. Virgin Islands.

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Buyer’s guide to group personal pension schemes

Employee Benefits

A group personal pension is a defined contribution (DC) arrangement whereby an employer agrees to make monthly contributions into a scheme, but the contract is between the employer and the pension provider. They can access a cash lump sum; usually the first 25% of each cash withdrawal from the pot will be tax-free.

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Legal roundup — 4 cases on domicile, residency and taxes

Business Management Daily

As the year ends, questions of taxes, domicile, and residency should be top of mind for employers looking to avoid any unnecessarily complex tax issues in the new year. They kept a family cemetery plot in the state, which was enough for New York to continue to tax them. An audit was commenced for tax years 2013 and 2014.

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Reservist wins landmark Territorial Army pensions case

Employee Benefits

Major Charles Milroy took the MoD to the employment tribunal in Glasgow, claiming that he should have been enrolled on a military pension scheme for his service between 1982 and 2015. In 2015, the MoD revised its Armed Forces Pension Scheme (AFPS 75) to allow TA soldiers a full pension, which previously they had been denied.

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Taxation of Identity Protection Services

Fringe Benefit Analysts

Are Identity Theft Protection Services Tax Deductible? The taxation of this identity protection benefit/service was considered by the IRS in 2015 and again in early 2016. See IRS Announcement 2015-22.) The value does not have to be reported on an individual’s W-2.

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Why are over-50s leaving the workforce?

Enjoy Benefits

There’s been a marked increase in older workers leaving employment, what one tabloid has called the ‘silver exodus’. Pension freedoms introduced by the then chancellor George Osborne in 2015 also allowed some over-55s to draw on their retirement funds early. Should employers be worried?

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