August 29, 2023
Is it time to close your small business? Unfortunately, closing isn’t as simple as handing over the keys to a landlord or even selling a building you own. You still have various responsibilities to meet as you wind down, including some… Read more »
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C Corporations, Federal Tax Obligations, Federal Tax Obligations When a Business Shuts Down, Income Tax Requirements, Medicare Tax, Pass-through Entities, Records Retention, Single-Member LLCs, Social Security tax, Sole Proprietorships
November 30, 2022
The IRS recently announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure 2022-38 provides details about these amounts. Because inflation is high, many of the amounts for 2023 will change more than they have in recent years. Here… Read more »
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2023 Social Security tax, inflation adjustments, inflation adjustments for 2023, IRS Revenue Procedure 2022-38, Social Security Administration, Social Security tax, Social Security wage base, Social Security wage base increase, Social Security wage base increase in 2023, Tax Benefit Increases for 2023