Recently in Washington D.C., Jeff Solis PEO Practice Leader at UHY LLP, and other industry leaders met with representatives from the IRS and the US Treasury to address details included in the Small Business Efficiency Act (SBEA). The meeting was a follow up to responses the IRS received from their request for information (RFI) that was issued in late 2015. Some of the main points the group discussed were financial reporting, affiliated groups, bonding requirements and quarterly payroll reporting.
Whether or not the meeting will result in another RFI is still to be determined. The implementation date for PEO Certification is still set for July 1, 2016. For more information or questions on this topic, please contact your local UHY LLP professional, or visit us on the web at www.uhy-us.com.