XMI Insights

Student Loan Repayment Plans Rise to the Occasion
Talk about a sign of the times. Student loan repayment plans were one of the most buzzed-about benefit of 2018. It makes sense, given the staggering amount of student loan debt in the United States. According to the Federal Reserve, more than 44 million people in the...

Keeping Fraudsters Out of Your HRIS With Multi-Factor Authentication
If you have employees, then by default you’re the keeper of some pretty sensitive information—full names, addresses, Social Security numbers, dates of birth and bank accounts, basically everything needed to steal an identity. You don’t need much of an imagination to...

New Business Expense Rules Affect Bookkeeping and Accounting
It’s been more than a year since the Tax Cuts and Jobs Act was signed into law, but some questions still remain about how exactly the provisions play out. Take the business meal deduction. While the entertainment deduction was entirely eliminated in the...

ACA Penalty Letters: What to Do If the IRS Sends You One
It’s 2019, but the IRS just started sending out Letter 226-J penalty notices for tax year 2016. If you received one for the 2015 tax year, which may have happened as recently as last year, you probably know exactly what this is. But for the uninitiated, here’s an...

Why You Should Encourage Employees to Review W-4 Withholdings
Big changes were expected this year to the W-4 form—officially called the Employee’s Withholding Allowance Certificate—to better reflect the tax changes in the now-year-old Tax Cuts and Jobs Act. But last summer, the IRS announced these changes would be put off until...
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