Employers: In 2023, the Social Security wage base is going up
Business owners and their employees may not have to pay Social Security tax on ALL of their wages. Amounts above a certain threshold aren’t subject to Social Security tax. Here’s how the 2023 “wage base” will affect your payroll. Continue Reading Employers: In 2023, the Social Security wage base is going up
Consider borrowing from your corporation but structure the deal carefully
/in Tax/by KKB CPAsClosely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences. Continue Reading Consider borrowing from your corporation but structure the deal carefully
Why audited financials matter
/in Tax/by KKB CPAsAn external audit requires an investment of time and money. But the payoff can be significant when it comes to the long-term success of your business. Continue Reading Why audited financials matter
Figuring corporate estimated tax
/in Tax/by KKB CPAsAn important deadline for quarterly federal estimated tax payments is coming up on June 17. Here are the methods for computing payments for corporations. Continue Reading Figuring corporate estimated tax