When Should You Take Social Security Benefits? If you’re nearing retirement, you’ve likely paid into the Social Security system your entire career. It’s only fitting that you finally cash in on the Social Security benefits that are rightfully yours. But when should...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
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Restaurant Owners may receive a Tax Credit for Employee Tip Income
DO YOUR EMPLOYEES RECEIVE TIPS? YOU MAY BE ELIGIBLE FOR A TAX CREDIT Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you...
2009 Social Security Cost of Living Adjustments
2009 Social Security Cost of Living Adjustments Beginning January 1, 2009, the maximum earnings subject to social security tax withholding increases to $106,800. The earnings needed for one quarter of coverage is $1,090. The threshold for coverage for domestic...
