Monthly Archives: January 2012

Instructions: How to Complete Part 1 of Form 8889 for 2011

January 23rd, 2012

January 2012 Every year, we receive numerous questions in how to complete Part I of Form 8889. The reason for these questions is that the instructions provided by the IRS to complete Form 8889 are very complex and unclear.  To assist, Larry Grudizen, our ERISA Attorney, has updated his explanation that shows how to complete Part I of Form 8889 in 27...

Read more

Interview Bias Impacting Hiring Decisions

January 23rd, 2012

January 2012 Interview Bias Impacting Hiring Decisions Seasonal changes are in the air and for some businesses that also requires an increase in seasonal hiring. The hiring steps involve several key components, one of which is the interview phase. Interview bias can result unintentionally. Even the most seasoned of interviewers may fall victim to some...

Read more

Say Goodbye to Payroll Hassles

January 23rd, 2012

According to IRS statistics, approximately 33% of all employers make payroll errors. Roughly 40% of small businesses incur an average of $845 per year in IRS penalties. With more tax law changes expected, there is even greater risk for payroll errors. Other costs incurred by erroneous payroll preparation include reduced employee morale and employee retention....

Read more

Managing Risks When Laws Don’t Keep Up with Technology

January 23rd, 2012

January 2012 Back in 1998, many people were first discovering the Internet through dial-up telephone connections. Google was just being launched in a California garage and the movie “You’ve Got Mail” hit theaters. Cell phones were getting smaller but they weren’t yet smart. Very few people sent text messages. And unless you were in the...

Read more

The Payroll Tax Holiday Will Last (at Least) Another Two Months

January 23rd, 2012

January 2012 The “payroll tax holiday,” which was scheduled to end on December 31, 2011, was extended by Congress through the end of February. But with partisan politics playing a major role as national elections loom in 2012, the long-term outcome is far from certain.  New “Recapture” Provision     Under the terms negotiated by Congress,...

Read more