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| YOUR HEALTH CARE INDUSTRY EXPERTS | |
At Harding, Shymanski & Company, P.S.C., we are committed to providing exceptional service - every time. We take our roles as Health Care industry leaders seriously, staying abreast of relevant issues and trends through research, national seminar attendance, and more. We work hard to help you enhance your day-to-day operations, increase cash flow, and improve your bottom line.
Our Health Care professionals actively participate in industry-related organizations. As a result, our services are based on the latest industry knowledge gained through active participation in these organizations.
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| HEALTH CARE REFORM LARGELY UPHELD: HIGH COURT VALIDATES TAXES | |
On June 28, the Supreme Court decided that the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (together the ACA) are largely constitutional. The ACA contains a broad array of taxes that impact both individuals as well as employers and the Court's ruling validates these new tax provisions. Some of the new tax provisions went into effect in either 2011 or 2012, but many become effective in 2013 and thereafter. For a summary of some of the key tax provisions, click here.
Please contact Brenda Wallace or Michele Graham at (800) 880-7800 for more information.
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| INDIANA SALES/ WITHHOLDING TAX FILING CHANGES | |
This year the Indiana legislature passed a few laws that change the way business taxpayers will be required to file and remit sales and withholding taxes. The changes are as follows:
- Effective July 1, 2012, anyone who is required to file more than 25 W-2, 1099-R, or WH-18 statements must file them electronically.
- Effective Jan. 1, 2013, all retail merchants must report and remit sales tax electronically.
- Effective Jan. 1, 2013, all withholding agents must report and remit withholding taxes electronically.
- Effective Jan. 1, 2013, quarterly withholding filings will be eliminated.
Thus, beginning next year, all sales and withholding taxes will have to be remitted via the Department's INtax application or an electronic funds transfer (EFT). Additionally, businesses will be required to file their sales and withholding electronically, which can include using vendors certified by the Department or the Department's free INtax application.
More information, including ways that practitioners can use INtax on behalf of their clients, can be found here:
http://www.in.gov/dor/4694.htm
Please contact John Rittichier, CPA, at (800) 880-7800 ext. 8484 with any questions.
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Harding, Shymanski & Company, P.S.C. provides accounting, tax, and consulting services to clients from offices in Evansville, Indiana, and Louisville, Kentucky.
We are committed to quality. Adding value to the services we provide is our most important goal. Our unwavering dedication and commitment to quality resonate throughout every aspect of our work.
Call us today! (800) 880-7800
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| Disclaimer |
The information contained in this email is for general guidance on matters of interest only. The publication does not, and is not intended to provide legal, tax, or accounting advice.
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