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Stay up to date with the most recent industry news and what’s happening at Topel Forman
Unusual year steers year-end tax strategies (October 21, 2020)
Interested in reducing your 2020 tax liability? There’s still time to take these 2020 year-end tax planning steps.
The 2021 “Social Security wage base” is increasing (October 19, 2020)
Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The Social Security Administration just announced the base amount for 2021.
What tax records can you throw away? (October 13, 2020)
Did you file an extension until Oct. 15 to file your 2019 tax return? After finishing, you might not want to throw away your tax records.
Compare and contrast: How do the Republican and Democratic tax plans differ? (September 29, 2020)
Even though taxes may not be the hottest topic of the upcoming presidential election, it’s worth your while to learn about each candidate’s tax proposals.
2020 Q4 tax calendar: Key deadlines for businesses and other employers (September 22, 2020)
With fall arriving, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2020 tax filing deadlines.
Tax implications of working from home and collecting unemployment (September 17, 2020)
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
COVID-19 Update #6: 2020 Wealth Transfer Planning Opportunities
With the presidential and congressional elections nearing and interest rates at historic lows, it’s a critical time to discuss your wealth transfer goals.
The IRS issues guidance on the executive action deferring payroll taxes (September 2, 2020)
The IRS has issued guidance on the payroll tax deferral scheduled to begin on September 1. Here’s what it says.
What does the executive action deferring payroll taxes mean for employers and employees? (August 12, 2020)
Using an executive action, President Trump defers payroll taxes from Sept. 1 through the end of the year. But there are many unanswered questions.
More parents may owe “nanny tax” this year, due to COVID-19 (August 11, 2020)
Do you have a nanny, housekeeper, or other household workers? If you pay him or her cash wages of $2,200 in 2020, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.
Are scholarships tax-free or taxable? (July 29, 2020)
Scholarships are generally tax-free but there are times when academic awards result in taxable income.
COVID-19-related leave donation programs now eligible for tax relief (July 8, 2020)
Employers can help battle COVID-19 by allowing employees to give up paid time off and then donating cash to a qualified charity. The IRS is now offering tax relief for such programs.
No results found.
Unusual year steers year-end tax strategies (October 21, 2020)
Interested in reducing your 2020 tax liability? There’s still time to take these 2020 year-end tax planning steps.
The 2021 “Social Security wage base” is increasing (October 19, 2020)
Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The Social Security Administration just announced the base amount for 2021.
What tax records can you throw away? (October 13, 2020)
Did you file an extension until Oct. 15 to file your 2019 tax return? After finishing, you might not want to throw away your tax records.
Compare and contrast: How do the Republican and Democratic tax plans differ? (September 29, 2020)
Even though taxes may not be the hottest topic of the upcoming presidential election, it’s worth your while to learn about each candidate’s tax proposals.
2020 Q4 tax calendar: Key deadlines for businesses and other employers (September 22, 2020)
With fall arriving, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2020 tax filing deadlines.
Tax implications of working from home and collecting unemployment (September 17, 2020)
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
COVID-19 Update #6: 2020 Wealth Transfer Planning Opportunities
With the presidential and congressional elections nearing and interest rates at historic lows, it’s a critical time to discuss your wealth transfer goals.
The IRS issues guidance on the executive action deferring payroll taxes (September 2, 2020)
The IRS has issued guidance on the payroll tax deferral scheduled to begin on September 1. Here’s what it says.
What does the executive action deferring payroll taxes mean for employers and employees? (August 12, 2020)
Using an executive action, President Trump defers payroll taxes from Sept. 1 through the end of the year. But there are many unanswered questions.
More parents may owe “nanny tax” this year, due to COVID-19 (August 11, 2020)
Do you have a nanny, housekeeper, or other household workers? If you pay him or her cash wages of $2,200 in 2020, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.
Are scholarships tax-free or taxable? (July 29, 2020)
Scholarships are generally tax-free but there are times when academic awards result in taxable income.
COVID-19-related leave donation programs now eligible for tax relief (July 8, 2020)
Employers can help battle COVID-19 by allowing employees to give up paid time off and then donating cash to a qualified charity. The IRS is now offering tax relief for such programs.
No results found.
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