Antares Group, Inc. joins CPAmerica
Antares Group, Inc. has joined CPAmerica, Inc., an accounting association of independent, certified public accounting firms that provides shared best practices, networking opportunities and access to expert resources for member firms. Antares Group Inc. has been serving quick-service restaurant franchise owner/operators, other business owners and individuals with a full range of customized accounting and business […]
Ga. businesses should be aware of annual registration fraud
Several business owners in Georgia have reported receiving emails or letters in the mail appearing to originate from a state agency and stating that their annual registration is due by the middle of December. The forms further state the fee to file the annual registration is $150. If you receive a form like this, do not […]
The 2021 ‘Social Security wage base’ is increasing
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings subject to Social Security tax will increase from $137,700 in 2020 to $142,800 in 2021. For 2021, the FICA tax rate for both employers and […]
Steer clear of the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages. Because the taxes are considered property of the […]
Taking care during coronavirus
Businesses are slowly beginning to reopen and different areas are relaxing some of the requirements to shelter in place as a result of the COVID-19 health crisis. As we move into this next phase, it is important to remember that seniors and individuals with underlying health conditions remain vulnerable to coronavirus, but also to remember […]