Reminder: Deferred payroll taxes to be repaid by year-end
Those employers who took advantage of deferring the employers’ portion of Social Security taxes under the Covid-relief CARES Act last year must repay 50% of the deferred amount by Dec. 31, 2021. The CARES Act – Coronavirus, Aid, Relief and Economic Security Act – codified former President Trump’s Presidential Memorandum issued in August 2020 in […]
The IRS has announced 2022 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is […]
Plan ahead for the Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that is imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI) exceeds: $250,000 for married taxpayers filing jointly and surviving […]
Antares Group once again named a Top 300 Accounting Firm
Antares Group, Inc. is proud to announce that the firm has once again been named a Top 300 Accounting Firm for 2021 by INSIDE Public Accounting. This national ranking by the award-winning newsletter for the public accounting profession recognizes the country’s top accounting firms in terms of revenue and growth. “Earning this recognition is an […]
Trish Casdorph, CPA, and Hillary Daniel promoted to director positions
Antares Group, Inc. is pleased to announce the promotions of two of our associates. Trish Casdorph, CPA, was promoted to Co-Director of our firm’s Business & Tax Advisory Group. Trish joined Antares Group in May 2021 as Senior Tax Manager. She was named Co-Director of BTAG effective July 1, 2021. Originally from Florida, Trish graduated […]
10 things to know about the QBI deduction
Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction. It’s available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships and S corporations. It may also be claimed […]
Deanna Olton, CPA, named Partner with Antares Group, Inc.
Antares Group, Inc. is pleased to announce that Deanna Olton, CPA, has been promoted to Partner with the firm. Deanna has been with Antares Group, Inc., for 17 years and most recently served as Director of the Business and Tax Advisory Group. “The promotion of Deanna to partner marks an exciting milestone in her career […]
Traveling for business again? What can you deduct?
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost of your out-of-town business travel within the United States. These rules apply if the business conducted out of town reasonably requires an overnight stay. Note […]
Big increases could be in store for capital gains taxes
Increases to taxes on capital gains have been proposed with the release last month of President Biden’s Green Book. While we don’t have a crystal ball to see exactly what the future holds, we wanted to give you some insight into what has been proposed. The way it is now Under existing law, capital gains […]
Sage Intacct earns highest recognition by Gartner
Antares Group is proud to share the news that Sage Intacct once again receives recognition from Gartner. For the fifth year in a row, Sage Intacct has received the highest score in Core Financials for the Lower Midsize Enterprises Use Case in the 2021 Gartner Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large […]
