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Proposed Payroll Tax Holiday 2020 | An Accounting Dilemma

By |August 11th, 2020|Categories: Accounting, Payroll|Tags: , , |0 Comments

There have been recent reports in the news concerning an executive order establishing a “payroll tax holiday” beginning September 1. Although we have seen very little in the way of details on the proposal it appears that it would take the form of a “deferral” of social security and possibly Medicare withholdings from an employee’s paycheck. It appears that this decision is voluntary for the employer.

New Business Start-up Tips | Costs & Organizational Expenses

By |October 15th, 2018|Categories: Tax Preparation|Tags: , |0 Comments

Businesses in their first year of operation often have a loss. They are trying to build a customer base and establish themselves as a legitimate business. This can be expensive and the tax law limits how much of these “one time, first year expenses” a business can deduct. Startup costs include advertising, marketing, training and office expenses incurred before you open your business.

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