Insights: Eric Whelan

Unintended Consequences of Changes to Withholding Rates Under New Tax Law

With the passage of the new tax law on December 22, 2017, there may be some unintended consequences of which everyone should be aware.  One change directly affected the federal income tax withholding rate at which taxes are withheld from paychecks.  Employers are required to use these new rates and ultimately reduce employees’ federal withholding…

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Trump’s Proposed Tax Reforms Could Mean Big Changes For Individuals And Businesses

With the election now behind us, we wanted to share President-elect Trump’s tax reform proposals for both individuals and businesses. Keep in mind that any changes in the current tax system would have to be voted on by Congress, however, here are some potential changes that could become law in 2017. For individual taxpayers: Tax…

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The Affordable Care Act and Employers

The Affordable Care Act (ACA) contains several tax provisions that affect employers. Under the ACA, an employer’s workforce size is significant because this information determines which provisions apply.An employer’s size is determined by the number of its employees. An employer with 50 or more full-time employees or full-time equivalents is considered an “applicable large employer,”…

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