Tag Archives: Tulsa State Tax preparations

What employers need to know about repayment of deferred payroll taxes

To give people a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security Act allowed employers to defer payment of the employer’s share of Social Security tax. IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes on certain wages paid in calendar year 2020. Employers must…
Read more

Interest rates remain the same for the first quarter of 2021

WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2021.  The rates will be:  three (3) percent for overpayments [two (2) percent in the case of a corporation];one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000;three (3) percent for…
Read more

Here’s what taxpayers can do now to Get Ready to file taxes in 2021

There are steps people can take now to make sure their tax filing experience goes smoothly in 2021. First, they can visit the Get Ready page on IRS.gov.Here are a few other things people can do now:Check their withholding and make any adjustments soonSince most taxpayers typically only have a few pay dates left this…
Read more

Visit Us On FacebookVisit Us On Linkedin