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How to avoid getting hit with payroll tax penalties

How to avoid getting hit with payroll tax penalties

by Hobbs Group | Jul 25, 2018 | Uncategorized

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the Tax Cuts and Jobs Act.) But...
Close-up on the new QBI deduction’s wage limit

Close-up on the new QBI deduction’s wage limit

by Hobbs Group | Jul 18, 2018 | Uncategorized

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S...

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