Deferred compensation plans can be a useful savings tool, especially for participants who want to maximize 401(k) contributions while still having savings to invest. Deferred compensation...
Posted by Taxes Made EZ Inc on 09/03/2021
Unfortunately for guardians, moms and dads, you cannot deduct the fees for the ACT, SAT and several other entrance examinations for colleges. However, you get some educational tax...
Posted by Tiffany Gaskin on 08/30/2021
The employer will take a part of your salary and send it to the IRS for people paid regularly, which happens via withholding taxes. People that are self-employed or paid via non-wage...
Posted by James Financial Services Inc on 03/01/2021
Qualified pension plans have many tax advantages but some disadvantages for employers and highly compensated employees (HCEs) or entrepreneurs. For companies, qualified pension plans...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/23/2021
Background. Effective for each tax year beginning after December 31, 2017, an ATEO is generally subject to a special tax (currently 21%) on the amount of any employee's overcompensation...
Posted by CORE PERFORMANCE on 11/24/2020
What is unemployment compensation?The state pays unemployment benefits to unemployed people who have lost their jobs due to retrenchments or layoffs. It aims to provide a source of...
Form W-2 is the statement you provide employees after the end of each year, with information on their gross pay, Social Security and Medicare pay, federal and state income tax withholding,...
Posted by Flynn Financial Group Inc on 04/09/2019
The Amount Stated in Box 14 for RSUs Is Already Included in Box 1 Wages. For instance, if we have $234,567 indicated in Box 1 as wages and $12,345 revealed in Box 14 named as...
Posted by Unifirst Financial & Tax Consultants on 04/09/2019
As we talk about the income which you receive annually. There will be different figures for each based on their working hours and their capacity throughout the week. If you have an...
