ConnollySteeleNov 2, 20222 minHow inflation will affect your 2022 and 2023 tax billsThe effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last...
ConnollySteeleOct 26, 20223 minYou may be liable for “nanny tax” for all types of domestic workersYou’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or...
ConnollySteeleOct 24, 20222 minEmployers: In 2023, the Social Security wage base is going upThe Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for...
ConnollySteeleOct 19, 20223 minPlan now to make tax-smart year-end gifts to loved onesAre you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients...