01 Feb 2024 Key Numbers-Business Planning
2024 and 2023 numbers for small business tax credit for providing health-care coverage, updated mileage rate, earnings subject to FICA taxes and more...
Business Planning
08 Jun Protecting Your Business Against the Loss of a Key Person
Have you thought about how your business would be impacted by the death or disability of you (the owner) or another key employee? It's important that you create a plan...
10 Jan 2023 Key Numbers-Business Planning
2023 and 2022 numbers for small business tax credit for providing health-care coverage, updated mileage rate, earnings subject to FICA taxes and more...
16 May Working While Receiving Social Security Benefits
The COVID-19 recession and the continuing pandemic pushed many older workers into retirement earlier than they had anticipated. A little more than 50% of Americans age 55 and older said...
13 May New Businesses May Be Good News for the Economy
After taking a nosedive at the start of the pandemic recession (gold shaded area), business applications rose sharply, peaking in July 2020. Applications have fallen somewhat since then but are...
23 Feb 2022 Key Numbers-Business Planning
Adoption Assistance Programs Adoption assistance 2021 2022 Maximum amount that can be excluded from employee's gross income $14,440 $14,890 Phaseout threshold amount $216,660 $223,410 Completed phaseout amount after $256,660 $263,410 Earnings subject to FICA taxes (taxable wage base) FICA tax 2021 2022 Maximum annual earnings subject to...
17 Dec 2021 Business Planning
Adoption Assistance Programs Earnings subject to FICA taxes (taxable wage base) 1 An additional Medicare (HI) employee contribution rate of 0.9% (for a total employee contribution of 2.35%, and a total combined Medicare...