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House Bill Proposes to End Social Security Tax for Retirees

CPA Practice

The You Earned It, You Keep It Act is referred to as a “win-win” by its sponsor, Minnesota Rep. It’s a tax cut for seniors and a way to ensure more Americans can depend on the Social Security benefits they’ve earned,” Rep. As Kiplinger reported, the Social Security tax wage base jumped 5.2% Angie Craig (D-Minn.).

Tax 131
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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.