Start Your 2013 Tax Planning With An Estimate Of Your Income
A new tax rate of 39.6% when your taxable income exceeds $400,000 ($450,000 when you’re married filing jointly) is just one reason to create an income projection for 2013. Another reason: Additional...
View ArticleEmployers Have A New Withholding Obligation
The Medicare tax that employees pay on their wages increases this year from 1.45% to 2.35% on earnings over $200,000 for singles and $250,000 for married couples. Employers are required to withhold the...
View ArticleMidyear Tax Planning Should Be A Business Priority
It’s midyear 2013 — time to take a serious look at your business tax planning. Here are some places to start. Review your equipment needs. You can expense $500,000 worth of new or used equipment...
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