employer tax penalty

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh…

IRS Audit Statistics FY 2018

The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had…

review paycheck witholdings

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have…

hire your children summer help

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The…

house sale tax implications

Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full…

roth 401k

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by…