Lots of tax law changes this year! Read on to find out more. Here are some key changes to the tax code for 2022. Use this information to help manage your tax obligation, a practice that can pay rich benefits if reviewed throughout the year. Tax brackets and rates While there is much discussion in …
Month: May 2022
Tax & Business Newsletter: May 2022
Now is a great time to give your business a financial spring cleaning. Here are some ideas. Also read about mitigating potential legal, financial and regulatory risks with an email policy. In this issue:Protect Your Business with a Smart Email PolicyFinancial Spring Cleaning for Your Business
3 Things to Know About Summer Job Taxes
Students! Have a summer job? Will you make less than $12,950 in 2022? Claim EXEMPT on your Form W-4 to prevent federal taxes from being withheld on your paycheck. Summer brings warm weather, fun outdoor activities, and new opportunities to earn some additional income. However, taxes on seasonal income need to be handled with care, …
Withholding Review Required Now
Avoid tax surprises with a simple review With tax season in the rear view mirror, now is the time to take a hard look at your federal and/or state withholdings to ensure next year's tax bill does not surprise you.A review is more important than everThere are a number of tax code changes that will …
A Tax Nightmare on Your Horizon
MUST READ if using digital payment tools or reselling tickets A recent tax law change by this edition of Congress now requires transaction reporting to the IRS for anyone receiving more than $600 in payments through digital payment tools like PayPal, Venmo, and Cash App. It also impacts anyone using transaction platforms to buy or sell …
Client Update Newsletter: May 2022
Virtual transactions are triggering more tax filings than ever. Plus understanding taxation of summer jobs and avoiding hidden fees that can destroy your vacation! Here is what you need to know With tax season now in the rear view mirror for most of us, it’s time to start thinking about how to minimize your taxes …
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