Payroll Tax

May 14, 2020

Can Employees Change Their Health FSA Elections Midyear If Elective Surgery Is Postponed Due to the COVID-19 Pandemic?

QUESTION: One of our employees elected to contribute $2,500 to his health FSA for 2020 to cover the expense of anticipated elective surgery. Due to the […]
April 23, 2021

Worker Classification is still Important

If a business engages independent contractors to address staffing needs, it needs to be careful that these workers are properly classified for federal tax purposes. This […]
September 6, 2022

Year-end tax planning ideas for your small business

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year […]
October 24, 2022

Employers: In 2023, the Social Security wage base is going up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). […]