Social Security & Medicare (FICA) taxes
-
The 2021 “Social Security wage base” is increasing
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently…
Read More: The 2021 “Social Security wage base” is increasing -
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the…
Read More: The new COVID-19 law provides businesses with more relief -
Do your employees receive tips? You may be eligible for a tax credit
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving…
Read More: Do your employees receive tips? You may be eligible for a tax credit -
Do you want to go into business for yourself?
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1.…
Read More: Do you want to go into business for yourself?
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.