Posts

Tax Update on Business Meals Being 100% Deductible in 2021
Angela Tang, CPA
Estate & Trust Supervisor
The cost of business meals were considered a deductible expense since 1986, the problem is only 50% of such costs were allowed as a deduction until now. The latest 2020 stimulus…

2021 Payroll Tax and Standard Auto Mileage Rate Changes
Bonnie Thompson
Beginning January 1, 2021, the following changes go into effect for the withholding of payroll taxes and reimbursement of auto mileage.
SOCIAL SECURITY
The wage base for withholding social security tax…