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OHIO ANNOUNCES JANUARY 1, 2022, MINIMUM WAGE

The state of Ohio has provided a notice stating that, effective January 1, 2022, the...

Retirement Plan and Other Benefit Limitations

The Internal Revenue Service announced the dollar limitations for retirement plans and other benefits. 1 ...

New Cryptocurrency Asset Information Reporting

The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on Nov...

IRS Online Tools

In an information release (IR), the IRS announced a new identity verification process that taxpayers...

TAX WITHHOLDING: THE NEW FORM W-4

Form W-4, Employee’s Withholding Certificate, has been redesigned. Previously, income tax withholding was based on an...

2021 ADVANCED CHILD CREDIT

Recently, there were changes made to the child tax credit that will benefit many taxpayers...

2021 FICA Wage Base

SOCIAL SECURITY (FICA) TAXABLE EARNINGS WAGE BASE The taxable wage cap is subject to an...