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Showing posts from December, 2018

IRS Announces Employer Provided Parking is Now Taxable

On December 10, 2018 the IRS released an advance version of Notice 2018-99 as interim guidance for taxpayers to use in determining the amount of parking expenses for qualified transportation fringe (QTF) benefits for tax-exempt organizations to determine the amount of unrelated business income tax (UBIT) attributable to parking expenses.
IRS Tax Notice 2018-99 release

Novak Francella ranks first in number of multiemployer plans audited

At the 2018 International Foundation of Employee Benefit Plans annual conference the Department of Labor conducted a training session titled "Conversations with the DOL". Included in the presentation is the list of accounting firms that service multiemployer benefit plans and Novak Francella was listed as the firm servicing the most plans! Follow the link for the full presentation ...

Full presentation