Blog Archives

Insero Named a Rochester Metro Area 2016 Top Workplace

Insero & Co. CPAs has been named one of the 2016 Top Workplaces in Rochester by the Democrat and Chronicle. The firm was also honored with a Special Award for Ethics, described by the phrase “This company operates by strong

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Posted in Careers, News

Employee Benefits Update: February/March 2016

This issue’s topics include: IRS eases pain for correcting certain plan administration errors What are you forgetting? Reviewing commonly overlooked fiduciary duties It may be time to offer annuity options to 401(k) plan participants Shut the door: IRS ends defined

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Posted in Employee Benefit Plans

Federal Tax Weekly: January 14, 2016

This issue’s topics include: IRS Nixes Proposed Regs On Optional Reporting By Charitable Organizations IRS Clarifies Treatment Of Retroactive Increase In Excludable Transit Benefits For FICA Taxes And W-2 Reporting Tax Court Reversal: Taxpayers Can Claim Losses By Mark-to-Marking Currency

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Posted in Tax

Federal Tax Weekly: January 7, 2016

This issue’s topics include: IRS Announces Extension Of Some Key ACA Information Reporting Deadlines New Guidance Expands Scope Of Nontaxable Identity Protection Services IRS Issues 2016 Updates Of Procedures For Ruling Requests, Technical Advice, Determination Letters, User Fees, And No-Rule

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Posted in Tax

Federal Tax Weekly: December 31, 2015

This issue’s topics include: Year-End Tax Legislation Impacts Extenders, ACA, IRS, And More IRS Releases 2016 Standard Mileage Rates For Automobile Use; Business Rates Drop Four Cents, Medical And Moving Rates Drop 3.5 Cents 2016 Filing Season To Open January

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Posted in Tax

Federal Tax Weekly: December 17, 2015

This issue’s topics include: Negotiations Continue On Extenders, Omnibus, ACA Taxes IRS Launches Initiative To Help Employers Keep Current With Payroll Taxes IRS Reminds Applicable Large Employers Of ACA Reporting Deadlines Transfer Of Stock In Family Business To Trust For

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Posted in Tax

Federal Tax Weekly: December 10, 2015

This issue’s topics include: Obama Signs Highway Bill With Tax Offsets; Negotiations Continue On Omnibus And Extenders Chief Counsel Reaffirms Prior Guidance On Computer Costs: Some Costs Must Be Capitalized; Others Deductible IRS Clarifies Proposed Regs’ Substantiation Option For Charitable

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Posted in Tax

Employee Benefits Update: Year End 2015

This issue’s topics include: Determination letter limbo: IRS makes changes to determination letter program Tibble case puts focus on fiduciaries’ ongoing duties Give employees more bang for their buck: How to use default deferral rates and auto-escalation clauses Is a customized TDF

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Posted in Employee Benefit Plans

Tax & Business Letter: Winter 2015

This issue’s topics include: Coming soon: New Affordable Care Act filing requirements for employers Do you offer financial training to your employees? Include investment tax in your tax planning Protect your charitable contribution deduction Seven suggestions to manage debt Click

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Posted in Business Updates

Federal Tax Weekly: December 3, 2015

This issue’s topics include: IRS Increases Tangible Property Expensing Threshold For Taxpayers Without AFS Wolters Kluwer Computes 2016 Luxury Vehicle Limits, Fringe Benefit Caps Chief Counsel Reviews When Employers May Exclude From Income Cost Of Health Insurance Coverage IRS Launches

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Posted in Tax