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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). […]
October 18, 2022

Plan now to make tax-smart year-end gifts to loved ones

Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the […]
October 17, 2022

Providing fringe benefits to employees with no tax strings attached

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on […]
October 10, 2022
Young woman professional woman driving a car to work

What local transportation costs can your business deduct?

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses. First, […]
October 3, 2022

Worried about an IRS audit? Prepare in advance

Worried about an IRS audit? Prepare in advance IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation […]

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