March 17, 2016

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Security Awareness for Taxpayerssecurity
The IRS, the states and the tax industry are committed to protecting you from identity theft. Working together, many changes have been made to combat identity theft, and progress is being made. However, cybercriminals are constantly evolving. We need you to join with us. By taking a few simple steps, you can better protect your personal and financial data online and at home.
 
Please consider these steps to protect yourself from identity thieves:
  • Keep your computer secure
  • Avoid phishing and malware
  • Protect personal information
 
Additional steps you can take:
  • Check your credit report annually; check your bank and credit card statements often;
  • Review your Social Security Administration records annually: Sign up for My Social Security at www.ssa.gov.
  • If you are an identity theft victim whose tax account is affected, review www.irs.gov/identifytheft for details.

Contact: Steve Kopp, Chief Information Officer
skopp@hawkinsashcpas.com
608.793.3100

Preparing for Your Tax Meeting: Helpful FAQsfaq

Some years your tax needs and meetings are routine. In other years, you may have questions. While our tax experts are here to help, the IRS and state revenue agencies have very thorough FAQ webpages to help you find answers to common questions fast. 

Please visit the following sites:




Recruiting, Training, and Retaining Veterans vet
Company owners know that military veterans typically bring skills and a work ethic that align well with what's required of today's worker. Veterans have hands-on work experience in fast-paced and highly stressful situations, understand the importance of teamwork, know how to achieve success under pressure, and can demonstrate leadership. Hiring veterans can be a win-win situation for all parties.
 
If you have thought about hiring veterans, here are some points to consider.

Hiring
The U.S. Department of Labor's (DOL's) Veterans' Employment and Training Service recommends that employers start by determining employment opportunities and creating job descriptions. Employers should consider such factors as the position's purpose and its overall contribution to the company, the education or experience needed to accomplish the essential functions of the position, and what licenses or certifications, if any, are required.
 
Some employers may be hesitant to hire veterans because they are unsure how military careers, ratings, and experience translate to meet civilian certification and license requirements. Websites such as www.cool.navy.mil can help employers determine how a veteran's military experience matches up with the skills required for a position.
 
There are multiple resources that can help employers connect their job openings to job-seeking veterans. Official Wounded Warrior programs are sponsored by each of the five military service branches. Soldier for Life, Hero 2 Hired (H2H), the National Resource Directory, and Warrior Transition Command's Employment, Education and Internships websites are just some of the other vetted resources available to employers.
 
In addition, the Veterans Administration and many other federal departments offer financial incentives, including federal tax credits and salary subsidies, to employers that hire qualifying veterans.

Retention
Retaining valued and skilled veterans and keeping them engaged is not all that different from retaining other valued employees. But some extra effort on a company's part can go a long way. Experts say that placing a value on military service and finding ways to weave leadership responsibilities into the civilian position can help achieve this goal. So, too, does promoting a veteran-friendly workplace. Developing and promoting vet-to-vet mentorship in the workplace has been identified by the DOL's Veterans' Employment and Training Service as a promising tool for retaining valued veterans in the workplace.


Contact: Jessica Zych, PHR, SHRM-CP
jzych@hawkinsashcpas.com
608.793.3104
ACA Employer Reporting: Deadline is Fast Approachingaca

The deadline for employers to complete documents for filing the 1095-B and 1095-C forms mandated by the Affordable Care Act is March 31, 2015. If your company is still not sure how you'll file your appropriate forms, please contact Greg Kenworthy. He may be able to help. 

Greg Kenworthy, CPA
608.793.3141


Tax Tipstips
If you haven't filed your 2015 taxes yet, or are looking forward to next year, the following articles provide straight-forward information on a variety of topics that may pertain to your situation:

Still Time to Make Your IRA Contribution for the 2015 Tax Year

What You Need to Know About the Child and Dependent Care Tax Credit

Top Ten Facts about the Adoption Tax Credit

Tax Savings from Higher Education Costs

Claiming a Tax Deduction for Medical and Dental Expenses

Top Five Tips on Unemployment Benefits

Capital Gains and Losses-10 Helpful Facts to Know

Early Retirement Distributions and Your Taxes

What is the Additional Medicare Tax and Who Pays It?

Top 10 Tax Tips about Debt Cancellation

Please contact your local Hawkins Ash CPAs tax representative with any questions you may have.