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…

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…