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Three Local CPA Offices to Serve You:
Needham, MA
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Monthly Archives: March 2018

New spending bill stops employers from using workers’ tips

The $1.3 trillion spending bill includes language that would forbid restaurants and other employers from keeping, or using employees’ tips to compensate non-tipped workers. The provision addresses worker advocates’ concerns that employers could steal tips under a Labor Department proposal … Continue reading

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April 1 Deadline For First-time Retirement Plan Distributions

April 1 is a deadline for those who turned 70 ½ during 2017 and have an IRA or employer type retirement plan. They have to take their required minimum distribution (RMD). A 50% penalty usually applies to any required amount … Continue reading

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Time for 2014 Refunds is Running Out

The IRS reminds us that about $1.1 billion in refunds may be lost to an estimated 1 million taxpayers who have not yet filed their 2014 federal income tax returns. That’s because you only have three years from the time … Continue reading

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