Newsletters 
March MeetingWho’s Speaking?Please join us on Thursday, March 6, 2008 for the monthly professional education meeting at Woodhaven Country Club from 11:30 - 1:30. The FWAPA guest speaker will be Dr. Bill Clark, speaking on “Retirement“.
Bill combines his passion for music with his speaking skills to provide an entertaining and educational presentation.
Luncheon Reservations |
Chapter and Community News
Please remember to bring Teddy Bears to the March meeting
for our annual Teddy Bear Drive to support The Women’s Center.
The bears should be no larger than 12 inches and must be new. Member Spotlight
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More Chapter NewsYUM, chapter member Cheryl Cook is heading a committee to put together a chapter cook book. Send your favorite recipes to Cheryl.cook@adp.com Fort Worth Chapter APA
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| Speaker/Topic/ Chapter Activity | |
| March 6, 2008 | – William (Bill) Bates “Identity Fraud” & Teddy Bear Drive to Benefit Women’s Center |
| April 3, 2008 | – Ouida Peterson “125 Cafeteria Plans” |
| May 1, 2008 | – James Jones & Henry Monck ”Child Support Garnishments” & Clothing Collection to Benefit Women' |
| May 13-17, 2008 | – 26th Annual APA Congress – Austin, TX |
| June 5, 2008 | – Joan Truman “Chapter 13 Regulations” Tarrant Area Food Bank |
To contact any Chapter officer visit our website at www.fortworthapa.org
Daylight Savings Time will begin on Sunday March 9th at 2 a.m., when the clocks are set ahead one hour. A shift worker on duty at that time will work an hour less than usual. If you pay the worker for a full shift of eight hours rather than seven, you do not have to include the additional hours pay when calculating the employee’s regular rate for overtime purposes, because it is not compensation for hours worked.
Nominations for the 2008-2009 Chapter Board positions are being accepted. A volunteer is someone who is a light to others by willingly doing the tasks at hand, being aware of others needs and doing something about it. Our Chapter needs you now. Take the initiative, step up and share your talent, energy, and ideas by giving back to your Chapter. Support your Chapter in 2008.
State Payroll Tax News
Louisiana - Withholding.
A new revenue ruling states that employers must withhold Louisiana income
tax from wages paid to employees who are trained in the state, regardless
of the employee's state of residence. After the training period ends,
an employer is not required to withhold Louisiana income tax from nonresident
trainees who do not perform additional services in the state. The ruling
also addresses other resident/nonresident withholding issues on services
performed both inside and outside of the state.
Maine - Withholding.
Electronic filing of original quarterly returns and the annual reconciliation
of Maine income tax withheld is required of employers with 75 or more
employees in 2008 and non-wage payers with 75 or more payees in 2008 that
are subject to Maine income tax withholding. This rule also applies to:
(i) third party filers or payroll processors of quarterly Maine withholding
returns for employers with 75 or more employees in 2008 that are subject
to Maine income tax withholding, and (ii) third party filers or payroll
processors with 75 or more client employers in 2008 that are required
to file Maine income tax withholding returns, or make competitive skills
scholarship fund or unemployment compensation insurance payments. There
are also new electronic filing requirements for pass-through entities
[ Code Me. R. § 104 ].
New Jersey - Unemployment.
The annual Catastrophic Illness in Children Relief Fund assessment has
increased from $1.00 to $1.50 [ L. 2006, A4618 ].
Ohio - Withholding.
On March 4, many Ohio municipalities and school districts will hold elections
on income tax proposals. Proposals that are approved will take effect
on Jan. 1, 2009, except the Cleveland Heights City proposal would take
effect April 1, 2008, and the Elyria City proposal would task effect on
July 1, 2009 [Secretary of State to RIA, 2/12/2008].
Oregon - Withholding.
The Department of Revenue has adopted a new regulation, effective Jan.
1, 2008, that explains when nonresidents working on the waterways of two
states qualify for exemption from income tax. They are not exempt under
the existing rules of the Amtrak Act (P.L. 101-322). The regulation says
that navigable waters sovereign to Oregon, such as the Willamette, Santiam,
and Rogue rivers, and coastal ports, are not navigable waters of more
than one state [ Or. Admin. R. § 150-316.127(10) ].
Wisconsin - Withholding.
Wisconsin has updated its publication on electronic and magnetic media
filing of wage statements and information returns to note that, beginning
with tax year 2007, the state will no longer accept CD-ROM's and 3.5-inch
diskettes [ Wisconsin Publication 509 (1/08) ].
Wisconsin - Withholding.
Wisconsin does not conform to federal provisions relating to health savings
accounts (HSAs). As a result, amounts contributed to an HSA by an employer
on behalf of an employee are taxable wages to the employee. Employers
must include taxable amounts for Wisconsin purposes (but not taxable for
federal purposes) in Box 16 of the Form W-2, or provide employees with
a supplemental “Wisconsin only” Form W-2 with the taxable
health savings account benefits shown in Box 16 [ Wisconsin Department
of Revenue, News for Tax Practitioners, 2/12/2008 ].
Information from RIA
The Fort Worth Chapter Newsletter is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice. The information contained in this newsletter is obtained from reliable statutory resources.
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William
R. Clark began his education at Tyler Jr. College and later transferred
to Oklahoma Baptist University on a trumpet and voice scholarship. After
graduation, he attended Southwestern Baptist Theological Seminary in Ft.
Worth and graduated with a Masters in Religious Education (Counseling).
In 1980, he entered the estate planning and financial services industry
and completed the requirements necessary to become a Certified Senior
Estate Planner. Today he heads his own financial planning firm, Clark
Financial Group, Inc., located in Frisco, Texas. As a financial advisor,
Bill advises people on retirement, estate, and tax planning, money management,
and insurance needs. Bill’s goals are to help clients avoid probate,
increase spendable income and reduce unnecessary taxes—such as income,
estate and Social Security taxes. He works with his clients to help them
avoid Medicaid spend-down of their assets when they need to turn to a
nursing home for care.
