Is your tax withholding up to date?

On February 28, 2018 the IRS released a new Withholding Calculator, as well as a new version of Form W-4. The new Withholding Calculator will let employees check that their federal tax withholding is proper following the passage of the Tax Cuts and Jobs Act in December. The Tax Cuts and Jobs Act made major…

Taxpayers Beware

‘Tis the season of scammers trying to gain access to your confidential information, especially those W-2s that you recently received. Be on alert for phishing scams! Here’s how the typical scam works: Cybercriminals do their homework identifying CEOs, executives or others in positions of authority. Using a technique known as Business Email Compromise (BEC) or…

Tax Reform & Your 2017 Return

With the 2017 tax filing season upon us & the new tax reform bill passed you may find yourself questioning “What does it all mean?!” Look no further – below are the top things to make sure you take advantage of when you file your 2017 return before they disappear forever (OK – not forever,…

How to Avoid Tax Notices

It has been said that “People who complain about taxes can be divided into two classes: men and women” (IRS). The majority of these complaints stem from misunderstanding taxes. Today, businesses have seen an increase in tax notices due to incorrect data reports and tax agency staff changes. It is vital to have the appropriate tax…

Beware: Tax Penalties & Fees

Let’s face it, companies can get overwhelmed with the day-to-day business functions and forget to complete tasks such as remitting payment for payroll taxes. These things happen and payments can be made late, but it is important to stay on top of your company’s taxes to ensure larger consequences do not arise. A recent article published…

5 Common Year End Mistakes Employers Can Avoid

It’s that time of year when employers are closing out the year and preparing for employees’ Forms W-2 (which I’ll reference as W-2s moving forward). Taking a proactive approach can help employers avoid these common mistakes in 2014. 1. Incorrect Wages One of the most common mistakes made around this time of year is the…