TAX SERVICES

 

At Sapient CPA, we guide you or your clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities maximize your cash flow and keep you on track to your financial goals. Our tax services include:

 

  • Tax preparation, planning and compliance for individuals

  • Tax preparation, planning and compliance for business (Partnerships and Corporations)

  • Tax Audit Representations

  • Personal financial planning

 

Please visit our Resources  section for helpful tools and worksheets to assist you with gathering the right information for your tax return preparation and suggestions on how to reduce your tax liability.

Help with Taxes and Forms - IRS link, IRS Tax Information, IRS Tax Forms, Instructions, Publications

 

Tax Education & Tips

 

Why Employers Need to Count Employees

It’s important to know how many full-time employees you have because two provisions of the Affordable Care Act – employer shared responsibility and employer information reporting for offers of minimum essential coverage – apply only to applicable large employers. Employers average the number of their full-time employees, including full-time equivalents, for the months from the previous year to see whether they are considered an applicable large employer.

Whether your organization is an ALE for a particular calendar year depends on the size of your workforce in the preceding calendar year. To be an ALE, you must have had an average of at least 50 full-time employees – including full-time-equivalent employees – during the preceding calendar year. So, for example, you will use information about the size of your workforce during 2016 to determine if your organization is an ALE for 2017.

In general:

  • A full-time employee is an employee who is employed on average, per month, at least 30 hours of service per week, or at least 130 hours of service in a calendar month.

  • A full-time equivalent employee is a combination of employees, each of whom individually is not a full-time employee, but who, in combination, are equivalent to a full-time employee.

  • An aggregated group is commonly owned or otherwise related or affiliated employers, which must combine their employees to determine their workforce size.

 

There are many additional rules on determining who is a full-time employee, including what counts as hours of service.

                                                             

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