More thoughts on the 2018 withholding tables

  • January 16, 2018

The withholding tables the IRS released last week aren’t “obscure” or “so-called,” as several national media organizations have reported. They’re not...

Your tax reform cheat sheet

  • December 21, 2017

Congress just passed the first major overhaul of the U.S. tax code in more than 30 years. The law, colloquially known as the Tax Cuts and Jobs Act, will have a...

Payroll 2018: A December to remember

  • December 04, 2017

Congress is wrestling with changes to the tax rates and brackets for 2018 as part of its tax reform effort, which may force the IRS to delay issuing the 2018 withholding...

FICA wage base increases to $128,700 in 2018

  • October 13, 2017

The Social Security Administration has announced that the taxable wage base for the Social Security portion of FICA will increase to $128,700 in 2018. That’s a...

Fix it fast: When to file Form 941-X

  • October 12, 2017

You discovered that, inadvertently, the proper amount of income taxes wasn’t withheld from an employee’s pay last year. You’re inclined to file Form 941-X to fix...