Small Business Help….maybe?

We’ve received many phone calls, emails, etc. from business owners as well as employees affected by COVID-19 business closures. We’re doing our best to share information as quickly as possible, and be there however we can for our clients. The…

Tax Season Scams

Tax season is here which means that scammers are going to be out in full force. If you receive a call, text, or email, from the “IRS” requesting personal information like a social security number, bank information, PIN number, etc.…

Tip Credit

Certain food and beverage establishments are able to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips.  The following criteria must be met to claim the credit: Have had employees…

The taxpayer’s journey is… complex

An independent division within the IRS called the Taxpayer Advocate Service (TAS) recently pulled back the curtain and provided some transparency into the process your tax return goes through when it is received by the IRS. The Taxpayer Roadmap attempts…

Increased Social Security Wage Base

The Social Security Administration (SSA) announced that the wage base for Social Security will increase from $132,900 to $137,700 for 2020. This is an increase of $4,800. If employers and employees exceed this wage base they will be paying an…