Tax Tutorials

Are You Prepared for Unemployment Taxes?

In the craziness that is 2020, Pandemic Unemployment Assistance has helped many people survive when their places of employment had to shut down. Employees often do not think about the fact that unemployment payments are taxable income. The South Carolina Department of Revenue recently wrote a reminder to help tax payers plan ahead for taxes. […]

Tax Updates September 10

Interest Rates Remain The Same The IRS has made the decision to keep the same interest rate for the fourth quarter of 2020. Each quarter, the IRS sets the interest rates charged or paid on over- and underpayment. For taxpayers (other than corporations), the overpayment and underpayment rate is the federal short-term rate plus 3 […]

Are Your Donations Tax Deductible?

The year is wrapping up and tax time is on the horizon. Taxpayers have hopefully been proactive throughout the year in preparing for filing the year’s taxes, and perhaps they are considering ways they might lighten their tax burden. It’s also the holiday season and giving is on our minds. Making donations to tax-exempt charities […]

Paycheck Checkup for September

Tax Planning – Paycheck Checkup With the change of seasons and start of the traditional school year, it’s a good time to review your tax planning, and a Paycheck Checkup is an important part of that. What is a Paycheck Checkup? A Paycheck Checkup is a review of your tax withholding. Making sure the proper […]

Missing W-2? The IRS Tells What To Do

In this video from the IRS’s YouTube channel, you will learn what to do if you do not have a W-2 yet. The video includes: When does your employer need to get you a W-2? What do you do if your W-2 is delayed past April 15th? And more information.

What’s an I-9 and a W-4 For?

Employees and employers both have legal responsibilities when it comes to employment. United States law requires two forms to be filled out at the time of hiring, and either kept on file or sent to the relevant agency. Employment Eligibility and Identity Verification The first one is from the US Citizenship and Immigration Services (USCIS) […]