Tax Update: 2019 End of Year Changes
Learn about what is included in the recent Consolidated Appropriations Act of 2020, including a year-end tax package which includes various tax provisions, extenders and retirement plan changes.
Newsletters & Articles
Will you pay more Social Security Tax in 2020?
Will you pay more taxes on Social Security in 2020? Iryna Sam, CPA and Tax Supervisor at WFFA, details what you need to know about Social Security taxes in the upcoming year.
December Client Bulletin
As the year comes to a close, brush up on helpful topics in our December newsletter including, your yearly credit report, 3 major charity scams, cash flow as a part of your business plan and understanding independent contractors.
Paying Bills in Bitcoin Can Trigger a Taxable Event
It is becoming more and more common for businesses to accept Bitcoin (“BTC”) as payment, with AT&T recently announcing that customers can now pay their bill using Bitcoin. Read our blog for details on the tax implications Bitcoin can have.
November Client Bulletin
2020 is coming quick — are you prepared? Take stock now and learn about the year-end moves that’ll help you save. Plus, consider how the 2020 Social Security changes will affect your plans.
A New Source of Pain for Crypto-Investors: The (Unfortunate) Taxation of Hardforks and Airdrops
The IRS has released rules detailing the taxation of hardforks and airdrops of cryptocurrencies, and they aren’t pretty. If you’ve used or invested in cryptocurrency, these changes could have significant tax consequences.
October Client Bulletin
Learn about Form 1040 updates, the new Marketplace Facilitator sales tax laws for anyone that sells through Amazon or eBay and more.
IRS Expands ID Protection Program
The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. Learn more about the program.
Sexual Harassment Prevention Training
The deadline to complete sexual harassment prevention training for NYS companies is rapidly approaching. Learn about what the training must include and which deadlines to be aware of.
September Client Bulletin
In this issue you’ll find tips on what to do if you get an IRS letter in the mail, advice for business owners about selecting the right employee health insurance, and a list of ways to help older adults avoid scams.