Newsletter Archives

W-9 – When in Doubt, Fill It Out

To help ensure that you properly report all of your contract labor expenses, here is link to Form W-9.   Form W-9 should be filled out by every individual and non-incorporated company which provides contract labor ...

December 2016

Bonuses – The IRS requires bonuses to be taxed the same as wages.  You must withhold payroll taxes from any year-end bonuses you give to employees.  This includes social security, medicare, unemployment, and income taxes.  ...

Some Refunds Delayed in 2017

A new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud ...

Tips for Safe Holiday Online Shopping

The holiday online shopping season is a prime time for cybercriminals and identity thieves to trick shoppers into giving up financial, identity or password information. The IRS has launched a public awareness campaign called "Taxes. Security. ...

IRA Year-End Reminders

Whether you are still working or retired, you should periodically review your IRAs. Here are few things to remember. Contribution limits If you’re still working, review the 2016 IRA contribution and deduction limits to make sure you ...

Upcoming Tax Deadlines

December Th 15 Corporations: Deposit the fourth installment of your 2016 estimated tax. January Tu 17 Pay the final installment of your 2016 estimated tax - use Form 1040-ES. Tu 17 Farmers and fishermen: Pay your estimated tax for ...