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Blog tagged as Tax update

The President's Payroll Tax Deferral 
Any employee who earns less than $4,000 every two weeks for these payroll tax deferral. The memo states that this tax deferral will be in effect since September 1, 2020 and until December 31, 2020. But, these taxes will have to be repaid at some point in 2021.
09-21-20 10:25 AM - Comment(s)

The new tax bill highlights.  Congress has passed the largest piece of tax reform legislation since 1986. However, this bill will not affect the taxes for 2017 (the one you file in 2018). In case you’re wondering how you’re affected, here is a short explanation of the main topics on the bi...

03-21-20 11:13 AM - Comment(s)