As election day approaches, you may be wondering how each of the two presidential candidates may change your future taxes. President Donald Trump has proposed minimal tax changes if he gets re-elected and the few details he has shared seem to be centered around making permanent, or extending, some aspects of the 2017 Tax Cuts […]
Starting Tuesday, September 8, 2020, the Indiana Department of Revenue will be rolling out Phase 2 of their Project NextDOR, which includes moving additional taxes to the INTIME system. Phase 2 will transfer the following taxes from the current INtax system to INTIME: Sales Withholding Tire fee Wireless prepaid fees Food & beverage County innkeeper […]
Last weekend President Trump signed an executive order to defer the payment of the employee’s share of the Social Security portion of FICA taxes, which is 6.2%. This goes into effect September 1, 2020 until December 31, 2020. The order does not affect the Medicare portion of the payroll tax, nor does the order affect […]