Free HRA Event – June 28th

22 06 2017

deadline

A Health Reimbursement Arrangement (HRA) commonly referred to as a health reimbursement account, is an IRS-approved, employer-funded, tax-advantaged employer health benefit plan that reimburses employees for out-of-pocket medical expenses and individual health insurance premiums.

Group plans don’t always fit small businesses. We have a better solution.

find out more

Join us, and our partners, TASC, on June 28th for an HRA Event. Learn more about how these plans could save you money on your taxes.

 

Register today!

 

Event to Take Place:

Wed, June 28, 2017

3:00 p.m. – 4:00 p.m. EDT

 

RBSK Partners PC

224 N Broadway Street

Greensburg, IN 47240

 





So The Bank Wants a Financial Statement! Now what?

25 08 2016

Do you know the difference between an audit, a review or a compilation? Most business owners rely on CPAs to assist with determining what type of financial statement they need. Your banker or bonding company will often request a specific type of financial statement. If you would like an easy to read guide that describes the basics of financial statement preparation, RBSK Partners has a FREE Guide to Financial Statement Services: Compilation, Review and Audit. To get your FREE copy, simply go to the Assurance page of our web site. There are no forms to complete, just a link to the guide. Here is a shortcut to that page:  http://www.rbskpartners.com/assurance

Guide to Financial Statement Services





RBSK Hosts Student Day

10 08 2016

 

On August 9, 2016 RBSK Partners hosted its first annual student day.  Local accounting students were provided the opportunity to learn more about the accounting profession and about RBSK Partners.  We hope to continue our efforts to encourage students to study accounting and to grow the profession.   The day was enjoyed by all and topped off with a student favorite, pizza party.

 





Tressler Receives Health Care Reform Certification

30 06 2016

RBSK Partners is pleased to announce that Lisa Tressler, CPA, a partner at RBSK, recently received a Health Care Reform Certification, by successfully completing nearly 30 hours of continuing professional education focused solely on the Affordable Care Act.

The program provides in-depth knowledge and helps practitioners develop expertise related to the legislative and tax implications of health care reform. This program arms practitioners with the knowledge and tools they need to ensure client compliance with health care reform legislation.

The passage of ACA has created new mandates for individuals and businesses. Tax practitioners face an obligation to provide their clients with information and advice on complying with the new mandates.

Applicable large employers are now required to offer affordable health coverage that provides minimum value to their full-time employees and their dependents. They need to know how to calculate which employees are included in their employee count, the options for the state exchanges, and the penalties that are assessed if they do not comply.  All of this information, including how to fill out the related tax forms, is fully covered by the Checkpoint Learning Health Care Reform Certificate Program.

“2015 was a key year for health care reform, with regulations taking effect for the first time and requiring strict attention from both businesses and individuals,” said Ken Koskay, CPA, CFP, and senior vice president of learning solutions with the Tax & Accounting business of Thomson Reuters. “Participants in this certificate program are better suited to serve clients that need assistance with the Affordable Care Act.”

This certification provides practitioners with the expertise necessary to provide guidance to their clients on the Affordable Care Act, including employer and individual mandates, the net investment income tax, reporting requirements, understanding compliance, completion of forms and calculations, and health insurance marketplaces. It prepares professionals to consult with clients on health care reform issues – both tax and non-tax.

If you need assistance with any of the complexities introduced by the ACA, please call Lisa at 812-222-1510, or toll free at 800-676-7567.

LisaSM





Work Opportunity Tax Credit

25 05 2016

The Work Opportunity Tax Credit (WOTC) is available for wages paid by employers who hire individuals from certain targeted groups of hard-to-employ individuals. The targeted groups are:

  1. Qualified members of the families receiving assistance under the Temporary Assistance for Needy Families (TANF) program,
  2. Qualified veterans,
  3. Qualified ex-felons,
  4. Designated community residents,
  5. Vocational rehabilitation referrals,
  6. Qualified summer youth employees,
  7. Qualified members of families in the Supplemental Nutritional Assistance Program (SNAP),
  8. Qualified Supplemental Security Income recipients,
  9. Long-term family assistance recipients, and
  10. Beginning January 1, 2016, long-term unemployed individuals.

An employer must obtain certification that an individual is a member of a targeted group before the employer may claim the credit. An eligible employer must file IRS Form 8850 along with ETA Form 9061 with their respective state workforce agency within 28 days after the eligible worker begins work.

For each group listed above, there are specific criteria that must be met in order to be certified as a member of that targeted group. The second page of the instructions to Form 8850 include these criteria. https://www.irs.gov/pub/irs-pdf/i8850.pdf

Recently enacted legislation extends the time for employers to submit these forms for various targeted groups who began working during various time periods as follows:

  1. An employer who hired or hires a member of a targeted group other than qualified long-term unemployment recipients (groups 1 through 9 above) and who began or begins work between January 1, 2015 and May 31, 2016 has until June 29, 2016 to file Form 8850 with their state workforce agency.
  2. An employer who hired or hires an individual who is a long-term unemployment recipient (group 10 above) who began or begins work between January 1, 2016 and May 31, 2016 has until June 29, 2016 to file Form 8850 with their state workforce agency.
  3. An employer who hires a member of any of the targeted groups who begins work after June 1, 2016 is not eligible for the transition relief and must file Form 8850 with their state workforce agency within 28 days after the eligible worker begins work.

 

If you have any questions concerning the WOTC, or if you feel that you may have an employee who qualifies for the credit especially during the transition relief period, we encourage you to give us a call.





End of Tax Season Note from RBSK

21 04 2016

April 18th has arrived!  RBSK would like to take a minute to thank our colleagues, clients and friends for allowing us the opportunity to serve your needs.

We would also like to let everyone know that our offices will be closed Friday, April 22nd to allow our staff a well-deserved break.  We will be back in the office bright and early Monday morning.

Break





50 Years & 50 Gifts

5 02 2016

50 – It’s not a huge number. It’s not small either. I mean, who wouldn’t like $50 extra in their pocket? I know I would. 50 years in business is quite a milestone! That’s exactly what RBSK is celebrating – 50 years in business! What began as a sole proprietorship in 1965 has now grown to become one of the largest local accounting and consulting firms in Indiana.  To help celebrate that 50 years, the staff and partners of RBSK decided to have some fun with the number and give 50 gifts to represent those 50 years. Who better to receive those 50 gifts but the communities that we serve?

What fun we had buying those gifts – toys, coats, and even socks. If you weren’t involved in the buying process, then you had fun examining and, I’ll admit, playing with some of those toys.

Mary Harmeyer and I were very blessed to play Santa’s helpers and deliver toys. We delivered to Safe Passage in Batesville and to the Jennings County Coordinating Council.  We had a wonderful time meeting two women that are very enthusiastic about the services they provide at each of these organizations. They were very excited about the toys that we were able to donate.

Next up, John Seale was happy to deliver our winter coat donations to the Brookville United Way where they distribute these coats to those in need to help them stay warm. I’m sure they were greatly appreciated, especially these past few very cold days.

50 Gifts 3

Vince Rettig and Ron Knueven loaded up their sleigh to deliver toys to the Greensburg/Decatur County Cheer Fund. I think Vince had a hard time parting with those pink Barbie cars. But I know that the little girls that received them are sure enjoying them!

Rounding out our 50 gifts for 50 years was our 50 packages of socks donated to the Greensburg Community Bread of Life. Yes, I said 50 packages of socks. Not just plain white socks either. We had blue socks, black socks, socks with stripes and even socks with trains on them.

50 – It’s not a huge number. It’s not small either. But 50 years of getting to serve our communities has been a joy for sure.  We look forward to 50 more!

sm_christa

Submitted by Christa Dickson