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Learning Center

The 2021 “Social Security wage base” is increasing

  • October 19th, 2020

2020 – 10/19 If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings subject to Social Security tax will increase from $137,700 in 2020 to $142,800 in 2021. For 2021, the FICA tax rate for…

Reviewing your disaster plan in a tumultuous year

  • October 14th, 2020

2020 – 10/14 It’s been a year like no other. The sudden impact of the COVID-19 pandemic in March forced every business owner — ready or not — to execute his or her disaster response plan. So, how did yours do? Although it may still be a little early to do a complete assessment of…

October 15th Tax Deadline

  • October 13th, 2020

2020 – 10/13 The deadline for various tax-related actions is almost here. Oct. 15, 2020 is the deadline for filing several types of 2019 income tax returns that were extended. For example, it’s the due date for 2019 individual income tax returns for those who requested an extension. It’s also the due date for corporate…

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