Tax Law Changes 2021 - Are Taxes Going Up?
Автор: REH CPA
Загружено: 2021-05-12
Просмотров: 298
Описание:
There are some potential changes to tax laws in 2021. Tax rates all depend on your income. Right now they are taxed at lower rates but we might be seeing these rates pushed to 39% this year (YIKES).
For payroll taxes, they want to beef up the Social Security taxes which is 6.2% of your wages. If you have income over $140K, you are exempt from Social Security taxes but if you make over $400K, that tax kicks back in.
We will see what happens, this is strictly what we are hearing.
Visit our website: https://www.rehcpas.com
Ray Halstead and Andrew McMillan are managing partners at REH CPAs in Mooresville, NC. They focus on helping small business owners with their bookkeeping, accounting, taxes, and ultimately allowing them to stay out of their books and in their business.
If you want to speak with someone about your small business taxes, give REH CPAs a call at (704) 662-8249.
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