Topel Forman Blog

What do the 2021 cost-of-living adjustment numbers mean for you? (November 3, 2020)
Consider these 2021 cost-of-living adjustments as you complete year-end tax planning and plan for next year.

Year-end tax planning strategies must take business turbulence into account (October 27, 2020)
As 2020 winds down, it’s time for businesses to take stock of their tax situations and implement year-end tax planning strategies.

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.