Businesses owe $4.5 BILLION in payroll tax penalties

Robbie MossBlog, Tax

You won’t find a bigger fan of numbers than me at DP.  When someone throws out a really tiny or big number on some piece of paper, and there’s an explanation beside it, I can’t help but read it. Are you not shocked at the idea of American businesses being penalized $4.5 BILLION dollars just because of payroll tax problems? … Read More

Small businesses: Four tax breaks that end with 2013

Robbie MossBlog, Compliance / Regulations, Tax

small business tax breaks

The end of the year is approaching fast, and with it’s taking 55 federal tax breaks with it’s departure.  Usually prone to extensions anyway, this year is looking to be a little different, and so we are here to warn the small businesses out there that can benefit from a friendly reminder!   First, don’t forget about any R&D credit … Read More

IRS announces tax rules for 2014

Robbie MossTax

It’s always good to get a head start on knowing what to expect next tax year, so we thought it wise to share this with you! The Internal Revenue Service recently announced inflation adjustments in many tax provisions for the 2014 tax year. These changes, required by law, will affect returns for 2014, to be filed in 2015. Many taxpayers … Read More

Are you looking for a local payroll service company

Robbie MossPayroll Services

Additional Medicare Tax: An additional Medicare tax will impact employers and payroll service providers. The Patient Protection and Affordable Care Act (PPACA) increases the Medicare tax rate on wages by 0.9% (from the current rate of 1.45% to 2.35%) for higher-income individuals starting in 2013. This Medicare payroll tax increase applies to wages over $200,000 for single tax filers and … Read More