The Long-Term Care Trust Act will become effective on January 1, 2022. This means that starting in January, all Washington State employees will be subject to a 0.58% payroll tax. Employers will be responsible for collecting the tax through payroll deductions. This tax will fund a state LTC insurance program. LTC is for individuals who […]
Join Metcalf Hodges for a seminar to learn about the new tax law, which is titled “Tax Cuts and Jobs Act” or TCJA. This legislation is the first significant tax reform in 30 years! The seminar will be held at the Bellingham Golf & Country Club on January 23rd, from 4:00-6:00 pm. As seating will […]
Each year, Metcalf Hodges creates an employer reference guide with regulatory source references and general employer guidance for federal and Washington state employer tax issues. If you are looking for current filing deadlines, electronic filing and deposit requirements or annual limitation amounts, this guide is for you. If you have a specific situation or have […]
As a corporation or LLC, you are required to hold and document annual meetings. Your business attorney should have mentioned this to you at the time you formed the Company. The attorney may even send you an annual reminder or a disclaimer to sign each year. In an audit, usually the second document an IRS […]
Each year, Metcalf Hodges creates an employer reference guide with regulatory source references and general employer guidance for federal and Washington employer state tax issues. If you are looking for current filing deadlines, electronic filing and deposit requirements or annual limitation amounts, this guide is for you. If you have a specific situation or have […]
Contributions to qualified charities are a well-known tax deduction for both businesses and individuals. Maintaining the right records is crucial to keeping your tax deduction under audit. The IRS has specific documentation requirements for contributions to charities. Make sure your deduction counts by following the IRS substantiation and disclosure requirements for charitable contributions. For all […]
What Employers Need to Know New Medicare tax The new 0.9% Medicare tax – or the Additional Hospital Insurance Tax – applies to earned income over $200,000 for single taxpayers, and $250,000 for joint filers, for 2013 and beyond. The employer portion of the Medicare tax remains the same. The IRS has issued guidance for employers on […]
Each year, Metcalf Hodges creates an employer reference guide with regulatory source references and general employer guidance for federal and Washington employer state tax issues. If you are looking for current filing deadlines, electronic filing and deposit requirements or annual limitation amounts, this guide is for you. This employer guide is complete with IRS external […]
