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 […]

2021 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January […]

SECURE Act brings changes to employer-sponsored retirement plans

Several provisions in the newly enacted SECURE Act could impact employers who offer – or who are planning to offer – their employees a retirement plan. Below is a look at some of the important elements of the SECURE Act that may affect your current retirement plan (or your decision to create a new one). […]