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Disability Income: How Is It Taxed?
Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax...
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social security
Now More Than Ever, Carefully Track Payroll Records
The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations...
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...
Employers Have Questions And Concerns About Deferring Employees’ Social Security Taxes
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment...
More Parents May Owe “Nanny Tax” This Year, Due To COVID-19
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may...
Steer Clear Of The Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the...
