by Admin | Dec 23, 2020 | Retirement
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important that they continue saving for retirement as quickly as financially possible. Still other people have...
by Admin | Dec 23, 2020 | Business Taxes
If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also minimize your expenses and your tax liability. Unfortunately, far too many entrepreneurs are not well-versed on the tricks and...
by Admin | Dec 23, 2020 | Individual Taxes
December 1 – Time for Year-End Tax Planning December is the month to take final actions that can affect your tax result for 2020. Taxpayers with substantial increases or decreases in income, changes in marital status or dependent status, and those who sold...
by Admin | Dec 23, 2020 | Business Taxes
December 1 – EmployersDuring December, ask employees whose withholding allowances will be different in 2021 to fill out a new Form W4 or Form W4(SP).December 15 – Social Security, Medicare and Withheld Income Tax If the monthly deposit rule applies,...
by Admin | Dec 23, 2020 | Business Taxes
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that it is impractical and unreasonable to account for it, the gift’s value would be treated as a de minimis...
