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Posts from December, 2018

  • Upcoming Tax Deadlines: January - April 2019 January Day 10 Employees Who Work for Tips – If you received $20 or more in tips during December, report them to your employer. You can use Form 4070. 15 Individuals – Make a payment of your estimated tax for 2018 if you didn\’t pay your income tax for the year through ... Continue Reading
  • Avoid a tax-time surprise; Check withholding, make estimated payments Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer. Although the tax reform law, enacted last December, lowered tax rates for most taxpayers, ... Continue Reading
  • New tax credit benefits employers who provide paid family and medical leave Tax reform legislation enacted in December 2017 offers a new tax credit for employers who provide paid family and medical leave. Here are several facts about how this credit works and which employers are eligible to claim it: The credit is available for wages paid in taxable ... Continue Reading
  • Here’s how the new tax law revised family tax credits More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service. The Tax Cuts and Jobs Act (TCJA), the tax reform legislation passed in December 2017, doubled the maximum Child Tax Credit, boosted income limits ... Continue Reading
  • Security Tips: It’s shopping season for identity thieves, too With the holiday shopping season in full swing, we should all take extra steps to protect our tax and financial data from identity thieves. The holidays offer cybercriminals a chance to steal financial account information, Social Security numbers, credit card information and ... Continue Reading