10.26.2020 | 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 2020-45. The tax year 2021 adjustments are generally used on…
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10.14.2020 | The Social Security Administration just announced the new FICA wage base for 2021. The threshold will increase from $137,700 to $142,800 in 2021, an increase of 3.7%. The OASDI rate of 6.2%, as well as the Medicare threshold…
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9.24.2020 | Every year Orion publishes this checklist to help ensure you’re prepared for tax season, but 2020 has been a year like no other. Before you tick through the list, please consider COVID-related expenses that may be deductible. For guidance,…
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8.21.2020 | Recently Facebook announced that many of its employees can work from home permanently and live wherever they want, but their salaries may be adjusted based on the employee’s location. In other words, if a Facebook software engineer moves…
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