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Archives for June 2021

Should You Pay Estimated Taxes?

June 30, 2021 by Todd Renner

Once you’ve filed your income tax return, you may be ready to put some distance between you and the IRS and turn your attention to other things. If you’re employed, you probably can take a breather, since your employer will handle ongoing income tax payments for you through the wage withholding process. But it’s a […]

Filed Under: Tax Information

Common (and Costly) Payroll Errors and How to Avoid Making Them

June 16, 2021 by Todd Renner

Payroll is one of the most important aspects of any business, but it’s one that, when running smoothly, business owners don’t tend to think about; however, when there’s a payroll glitch, it jumps to the forefront of an owner’s mind. Here are several payroll mistakes that can cost you a bundle and how to avoid […]

Filed Under: HR and Payroll

Federal Budget Tax Proposals

June 2, 2021 by Todd Renner

President Biden’s budget contains a number of tax proposals as detailed in an article by the AICPA. This is a short summary of some of the more important changes, and more details are available in the article. Individual Taxation Increase the top marginal tax rate from 37% to 39.6% for taxable income over $509,300 for […]

Filed Under: Tax Information

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