11.12.2021 | The IRS announced annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The adjustments were announced in Revenue Procedure 2021-45. The tax year 2022 adjustments are generally used on…
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10.15.2021 | The Social Security Administration just announced the new FICA wage base for 2022. The threshold will increase from $142,800 to $147,000 in 2022, an increase of 2.9%. The OASDI rate of 6.2%, as well as the Medicare threshold…
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9.09.2021 | The Covid-19 pandemic helped cause a shift in the global workplace with more employees working remotely. More people are expected to keep working from home following the pandemic. It is estimated that 25-30% of the U.S. workforce will…
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7.27.2021 | The IRS recently released its annual “Dirty Dozen” list of tax scams and urges taxpayers, tax professionals, and financial institutions to be on the lookout for the following 12 nefarious tactics. This year, the IRS divided them into…
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