By Ted Landis, CPA, CFP® A government report was recently issued estimating 30 million people (over 21% of taxpayers) will find they have had too little federal tax withheld and will owe money when they file their 2018 income tax returns. As you may recall, the federal withholding tables were updated in March 2018 [...]
Scammers’ tactics are always evolving to try to stay ahead of the news in an attempt to catch individuals off guard. This is especially true during tax season. We hear the warnings on the evening news and in news articles. PBGW wants to remind all our clients to be aware of the tactics that have [...]
The IRS has released the 2018 W-4 form, which reflects the changes in the Tax Cuts and Jobs Act. We encourage employers to have all employees complete the new W-4 form so that their employees might not have too much nor too little tax withheld from their paychecks during a year when many are uncertain [...]
Anne Kelly, CPP When changes are on the horizon, it's a good time to look at current practices and how we need to change to keep up with the changing environment. The 2018 Form W-4 has not yet been released due to the recent rate and bracket changes made in the Tax Cuts and Jobs [...]
Alyssa Giulianelli, CPA, MBA In Pennsylvania, Form 1099-MISC reporting is no longer a task to think about only at year-end. Starting in 2018, some non-employee compensation and rental payments that your organization reports on Form 1099-MISC requires PA tax withholding and regular return filings. Read on for what you may need to do now—not at [...]