Planning for Year-End Gifts With the Gift Tax Annual Exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
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Employers: The Social Security Wage Base Is Increasing in 2022
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for…
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Is a Health Savings Account Right for You?
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible…
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2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
This is a new version of a previous post with updated information. Here are some of the key tax-related deadlines affecting…
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New per Diem Business Travel Rates Became Effective on October 1
Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal…
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Tax Depreciation Rules for Business Automobiles
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The…
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