Five Steps to Completing the New W-4 Form for 2020

The Tax Cut and Jobs Act (TCJA) brought about numerous changes to many IRS forms. To more accurately calculate employee withholding, the W-4 Employee’s Withholding Certificate was altered for 2020. The previous form focused on personal exemptions, while the new form considers all aspects of income. The new W-4 has

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Year-end, Year-Round Tax Planning Update

The end of the year represents the perfect opportunity to reflect on the last 12 months and to review your overall personal financial situation.  We’ve had a year to assess the impact of 2018’s tax reform bill and to understand how your own tax situation was affected.  Reviewing your tax

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Social Security Changes You Need to Know for 2020

Every year, the Social Security Administration adjusts the regulations for the Social Security program. These adjustments include various items such as the retirement age, earnings cap and benefit payout. The changes for this upcoming year are summarized below: Full Retirement Age Full retirement is the age at which the Social

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Taxpayers Targeted in Latest Phishing Scam

The holiday season can be a wonderful time of the year but it is also a time when there is an increase in telephone-related scams. Tax scams can take on many different forms. Taxpayers need to keep their guard up against sophisticated and aggressive telephone scams.  There is currently an

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