Tax Updates End of May 2022

Interest Rates Increase The IRS has announced that interest rates will increase for the third calendar quarter of the year, beginning July 1, 2022. The rates will be: 5% for overpayments (4% in the case of a corporation). 2.5% for the portion of a corporate overpayment exceeding $10,000. 5% for underpayments. 7% for large corporate […]

Health Update for Little Giant Tax

At Little Giant Tax Services, we care for the health of our customers and staff members. While South Carolina is opening restaurants and office spaces for the public, we are able to serve you with drop off services and tax consulting via video chat or the phone. In order to serve you, we are available […]

How to Find the IRS Online

Social IRS Need to connect with the IRS? There‚Äôs an app for that. IRS2Go, available in English and Spanish, and for Android and Apple, offers tax tips, IRS YouTube videos, and your refund status. You can even pay your taxes via the app. In an effort to connect with small business owners and taxpayers, the […]

York County Considers Business Tax Breaks

York County Councillors will meet in coming months to determine how and whether the county will offer incentives for businesses relocating to the area. Financial breaks to spur economic development are common, including fees in lieu of tax (FILOT) agreements, Bailey Bill which freezes taxable value on redevelopment properties, and federal Opportunity Zones (of which […]