SECURE Act 2.0

Secure Act 2.0 Highlights

Jan 11th, 2023

The Secure Act 2.0 was signed into law in December 2022 as part of the Consolidation Appropriations Act of 2023. Below are some of the highlights from the Secure Act 2.0.

Automatic 401(k) deferral ...

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Estimated tax payment

Final 2022 Estimated Tax Payments Due

Jan 4th, 2023

The due date for your final 2022 estimated tax payment(s) is approaching! Be sure to mail or make your estimated tax payment(s) online by January 17, 2023.

As a reminder...

Taxes are normally ...

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Deferred payroll tax

Deferred Payroll Taxes Due December 31, 2022

Dec 20th, 2022

Businesses have until December 31, 2022, to complete payment on deferred payroll taxes from 2020.

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allowed employers to defer the ...

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Retirement savings jar

New IRS Regulations for 2023

Dec 7th, 2022

The IRS has recently released updated regulations regarding the contribution and plan limits for retirement plans and cafeteria plans for 2023. The new regulations allow for ample opportunity to save ...

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Work Opportunity Tax Credit

Work Opportunity Tax Credit

Nov 22nd, 2022

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring and employing individuals from certain targeted groups who have faced significant barriers to ...

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social security benefits

Social Security Benefits Increase and Medicare Premiums Decrease in 2023

Nov 14th, 2022

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023. On average, Social Security benefits will increase by more ...

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tax filing requirement

Filing Frequency Notices

Nov 9th, 2022

Every fall, the IRS and the state in which your business resides will review whether your filing frequency requirement for withholding taxes (and for sales and use tax and other specialty taxes in ...

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employee retention credit

Beware of ERC Schemes

Oct 26th, 2022


The IRS has warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking ...

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Backup plan

The Importance of a Secondary Officer

Oct 20th, 2022

While not the most pleasant topic for a business owner to think about - you need to. It's imperative that you have a "back-up" plan for your corporation. Every corporation should have a second officer ...

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Tax returns due Oct. 17

Extended Tax Returns Due 10/17

Oct 13th, 2022

Extended but haven't filed your 2021 personal tax return yet? You have a couple of days left! Taxpayers who requested an extension to file their 2021 tax return have until Monday, Oct. 17 to file to ...

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