Ten Small Cities to Start a Business in 2023
Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.
It finally happened. There was a tax deal! Congress settled half of the giant cloud of uncertainty strangely named the "Fiscal Cliff." Thankfully, most of the uncertainty is past. This post will be a short summary of the changes you can expect for 2013 in the way of payroll and tax laws. I'll have some suggestions and warnings as well for some of these issues.
It finally happened. There was a tax deal! Congress settled half of the giant cloud of uncertainty strangely named the 'Fiscal Cliff.' As a tax professional, I am charged with helping my clients navigate through the confusing web of tax laws created by Congress to make sure they pay only as much tax as they are required to. For many, that means planning months and years ahead for certain events that are about to take place to make sure correct decisions are made. How are we supposed to do that when Congress can't even decide what the tax law is going to look like? Thankfully, most of the uncertainty is past. This post will be a short summary of the changes you can expect for 2013 in the way of payroll and tax laws. I'll have some suggestions and warnings as well for some of these issues.
There are of course many more changes. Check with your tax adviser to see which of them affect you directly. You may need to adjust your W-4 form. Remember, the ultimate goal is to have your payments (withholding) match your liability (calculated on your tax return) so that your refund or amount owed is as close to zero as possible. You can always use the free calculators at PaycheckCity to see what your check will look like under the new tax laws or under different withholding scenarios.
Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.
Your filing status is perhaps the most important piece of information when it comes to tax withholding. Learn which filing status applies to you.
How often should you submit a new W-4? What is your filing status? In this article, we break down some of the most common W-4 questions.