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  QUESTION: How do I determine the amount that should be reported as taxable wages on an employee’s W-2 for personal use of a company car (PUCC)? ANSWER: When an employee uses a company provided vehicle for personal use it is considered a fringe benefit and must be treated as taxable wages, for example an employee…

QUESTION: Could I owe tax in a state that my company has not physically been in? ANSWER: As with most things related to state and local taxation (SALT), it depends! In many cases, yes, you can owe taxes to these states. This leads to a very important topic in the SALT world – Nexus. Nexus…

brought to you by    QUESTION: Does it matter when I remit the employee deferral money to the 401k plan? I heard it is 7 days. ANSWER: We hate to say this, but it depends. The Department of Labor classifies retirement plans into two categories – small plans and large plans. The small plans (less…

brought to you by    QUESTION: Our firm doesn’t have any IT employees on staff. How can we keep up with technology and remain competitive?? ANSWER: The struggle to maintain a competitive edge without an IT resource is very common. The truth is that many firms take on the responsibility of technology themselves, but would…

brought to you by    QUESTION: My projects tend to run over budget reducing my profit and delaying completion. How can I realize the profit I need and still deliver the product the client expects? ANSWER: There are two things that typically cause these over runs in Architecture firms: excessive meetings and drawing iterations. Often…

brought to you by    QUESTION: If I have a project in another state, but we never set foot in that state, am I required to pay that states taxes? ANSWER: This is a typical tax answer, but I am going to use it anyway! It really depends upon your unique situation. There are 46…