November 22, 2013
As we move closer to the end of the year, we wanted to remind you that beginning January 1, 2013, employers are responsible for withholding an additional 0.9% Medicare tax from an employee's wages and compensation paid over $200,000 in a calendar year. If you have employees who are subject to Medicare tax, now is a good time to review their 2013 year-to-date wages to see if they have already or will exceed the $200,000 threshold for this new tax and to make sure that you are withholding correctly.
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The new budget bill passed by Congress on December 20, 2019 impacted both retirement and college savings plans. While many are still waiting for further guidance from the IRS on several details of the bill, we compiled a short list of the major changes that may affect you.
It’s that time of year when everyone can agree on one thing: Paying taxes is a drag. As we progress into a new tax season, follow these tips to help avoid a heavy tax burden this year:
Okay, so maybe not magical…but there are things you can do to rev up engagement in your meetings. After all, it’s likely that you spend at least 25 percent of your professional time in meetings, so why not put a little work into making them more appealing for all those involved. To get you started, give the following five tips a try: