Posts Tagged ‘FICA’
Hiring your children – Part II
Hiring family members may save your company some payroll taxes!
Read MoreQuick Tax Facts for 2017
Quick Tax Facts for 2017
Read MoreWhat simple math can tell you about Social Security
You don’t have to be a genius to know what simple math ratios indicate is happening to social security. Just take a look at the chart below, and you’ll know why you can’t trust Social Security exclusively for your retirement. [lightbox link=”https://elitecpatax.com/wp-content/uploads/2016/01/numberssworkers.jpg” thumb=”https://elitecpatax.com/wp-content/uploads/2016/01/numberssworkers-940×673.jpg” width=”940″ align=”left” title=”numberssworkers” frame=”true” icon=”image” caption=””] Planning now is always better than…
Read MoreHow to avoid payroll taxes
Wouldn’t it be helpful with your company’s cash flow if you could just not remit the social security and medicare withholding taxes? We don’t recommend this as a strategy but, according to the US Inspector General, it’s working pretty well for some Federal agencies. These Federal agencies owe over 14 million of back payroll taxes…
Read MorePayroll tax cuts – Are we really robbing the Social Security Piggy Bank?
Our left-leaning friends are often quite surprised at our position on continuing the payroll tax cuts. The reasoning goes something like this, “you call yourself a fiscal conservative yet you want to keep on raiding the social security trust fund? I just can’t believe you would do that!” What most fail to understand is…
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