For reasons that aren’t clear, a growing number of people who pay taxes quarterly—such as gig workers, retirees and business owners—are getting their payments wrong and incurring penalties as a result. Read the full story here from Fox Business.
For construction companies who annually go through the prequalification process for the Indiana Department of Transportation (INDOT) construction projects, change is coming to the Contractor’s Statement of Experience and Financial Condition (also known as “CR-1”). The new form is
For Company-sponsored retirement plans which have a hardship distribution or participant loan features, please make sure you take the appropriate steps in obtaining documentation to pass IRS scrutiny. Under IRS guidance, it is the responsibility of the plan sponsor
In May 2015, Indiana repealed the common construction wage (or prevailing wage) for projects that are state or local government funded. A primary and immediate impact of the repeal is for public works projects awarded after July 1, 2015;
Just announced yesterday! For our clients who have been asking questions about the new revenue recognition standards, the effective date has been pushed back one year for both public and private companies. More information is to come as this
Somerset CPAs and Advisors is now part of CBIZ and MHM. Together, CBIZ and MHM are one of the Top Ten accounting providers in the country. Please click here for more information.
