Showing posts from April, 2014

Cloud Computing on Earth Day

Today is Earth Day, a good time to consider the impact we make on our earth. How do we use our shared resources? What can we do to protect our earth? There's another question we'd like to answer, connected to our business processes. Is cloud-based computing a resource-saving way to provide services?

It seems clear that cloud-based services reduce resource usage within companies. Studies from the last few years support this idea. A study from the Global e-Sustainability Initiative (GeSI) and Microsoft discusses cloud services and energy efficiency. Cloud services can offer 20 times more efficiency than traditional services. Some cloud services include e-mail, customer relationship management, and groupware application services. Small and medium-sized business can save about 60% by using cloud services. Those potential savings show how inefficient it can be for an SMB to use an on-site server. Studies conducted by the Cloud Energy and Emissions Research Model. show the possible e…

The Tax Deadline has Passed – What Now?

You survived! You sent 1099 forms to your vendors before the January 31st deadline. You completed your e-file before March 31st (or scheduled it at the time you created the vendor copies on Now all of the individual filings are done as well. Time to take a breath!

Even now, though, you may have some issues crop up that require your attention. For instance, you may hear from a vendor who has lost his 1099 copy, or who says she never received one. A vendor may finally get around to opening the 1099 they received, and realize it has an incorrect amount or tax identification number (TIN). What should you do in these cases?

Correcting 1099 forms that have been submitted to the IRS is a simple process through The correction process varies, depending on what type of error was originally made.
If there was an error involving the vendor name or TIN: Log in to Tax1099.comNavigate to Forms > New Form from the left side of your screenSelect the form you originally fil…

ACA Reporting Requirements

The Affordable Care Act (ACA) brings with it new reporting requirements. leverages technical and tax expertise to provide compliant ACA reporting solutions. In this post, we'll cover 1) who needs to report, 2) what to report, and 3) when to report it. This information comes from Section 6055 of the ACA.
Who needs to report?Insurers: Health coverage entities, or employers providing essential coverage to any individualLarge Employers: Those with 50 or more full-time employees. HealthCare Exchanges: See the IRS webpage for updated requirements.What needs to be reported?Insurers must provide information about the individual, and about the coverage provided. The individual's name, address, and TIN are examples of information about the individual. Report this information on form 1095-B. 

Large employers must provide information about the employer (name, address, EIN, phone number of contact person, number of full-time employees, etc.), as well as information about the empl…