All in Tax
The IRS released a new Form W-4, Employee’s Withholding Certificate for 2020. Let’s take a closer look at the new withholding calculation method provided with this form.
Instead of using the personal allowances worksheet, the calculation of whether you need to take additional withholding is now determined in five steps.
Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system.
This way, come tax time, everything you need is all in one place. And well-organized SMBs are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information.
Here are four more ways to take the stress out of tax time, and get the most out of your return.
As 2018 nears its end, SBAI Group wants to thank you for the opportunity to partner with you in support of your growing business. If we haven’t had the pleasure of working with you yet, we look forward to doing so. We’d also like to highlight a few important year-end reminders to ensure a smooth wrap-up to the year’s activities.
