The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes.Increases Announced for 2021Workers are facing a 3.7 percent increase in the taxable…
Are inheritances taxable? This is a frequently misunderstood taxation issue, and the answer can be complicated. When someone passes away, all of their assets (their estate) will be subject to…
When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used for the intended purposes of helping businesses…
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that…
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important that they continue making contributions to…
