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Our tax advisors are working hard to stay up-to-date on tax legislation and to help you understand how certain tax laws may impact your individual, business, estate, or gift taxes.
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Our tax advisors are working hard to stay up-to-date on tax legislation and to help you understand how certain tax laws may impact your individual, business, estate, or gift taxes.
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On August 28, 2020, the Department of Treasury and Internal Revenue Service issued much awaited guidance regarding the Presidential Executive Order, effective on September 1, 2020, allowing for the deferral of withholding and payment of the employee’s portion of the Social Security tax.
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There are many tax law changes included in this legislation and we have consolidated the changes that will affect a large number of taxpayers – both individuals and businesses – and explain what affects these laws may have on each group.
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The finalized 2020 Form W-4 was released on December 4, 2019. Due to the federal tax law changes that took place in 2018, the 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions.
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Minnesota’s minimum-wage rates will be adjusted for inflation beginning Jan. 1, 2020, to $10 an hour for large employers and $8.15 an hour for other state minimum wages.
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The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on businesses.
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The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals.
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