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Recent Updates

Quarterly Reporting Changes for Indiana State Unemployment Taxes

Apr 11 in News Flashes, Tax Info

The Indiana Department of Workforce Development has changed the quarterly reporting for State Unemployment taxes for businesses. The new “Employer Self Service System (ESS)” includes a complete redesign of their website, system and reporting.

The ESS is now used to submit reports and make payments for employers. The change begins first quarter 2019. Wage and contribution ... Read More ›

Parking Expenses Under Qualified Transportation Fringes

Feb 07 in Tax Info

Implications for Businesses and Tax-Exempt Organizations

The Tax Cuts and Jobs Act changed the rules for certain employer provided Qualified Transportation Fringe Benefits.  A specific category of fringe benefits that is going to impact both, taxable entities and tax exempt organizations, is employer provided parking expenses.

Effective for amounts paid or incurred after 12/31/17 (i.e. not tax ... Read More ›

Notice 2018-99 Methodology for Calculating UBI from Parking Lots

Feb 07 in Tax Info

Start by counting the total number of parking spots in each parking lot.  Then continue as follows for each lot:

Step 1:  Calculate the disallowance for reserved employee spots

Calculate the disallowance for reserved employee spots as a percentage to total parking spots. If there are none, go to Step 2.

Step 2:  Determine the primary use of remaining ... Read More ›

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