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Summer Jobs and Taxes

  • June 27th, 2022

2022 – 06/27 Summer is officially here, and for some taxpayers, that might bring new tax implications. Newlyweds should contact several agencies to update their information. Parents who send their dependent kids (under age 13) to summer day camp may be able to deduct it as a work-related expense. Taxpayers who work summer or part-time…

2022 Q3 tax calendar: Key deadlines for businesses and other employers

  • June 27th, 2022

2022 – 06/27 Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the…

Backup Withholding

  • June 24th, 2022

2022 – 06/24 Businesses take note: You may be required to withhold 24% of certain payments to individuals if they don’t provide you with their legal names and taxpayer identification numbers (TINs) or the IRS notifies you that a payee’s TIN doesn’t match its records. Types of payments subject to backup withholding include interest, dividends,…

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