Wright Ford Young & Co.

Welcome to WFY, Queenie! Click the article to learn more about our newest Tax Senior. https://www.cpa-wfy.com/new-tax-senior-joins-wfys-tax-depa/ #newhire #career #accounting #newjobs

If you rarely pay attention to the deductions and withholdings on your paycheck, you may not know what the OASDI tax is. Here is a deeper dive into the OASDI tax, including what it is, how it works and how much you pay. #oasdi #oasditax #incometax #paycheck #tax

Tax season is coming up, and this year, in particular, there’s a big reason for everyone to file a return, regardless of how much money they made last year. That’s because the coronavirus pandemic has ushered in some key changes that make filing a return critical, even if you aren’t likely to get a large refund. #taxfiling #taxseason #taxrefund #pandemic #taxreturn #refund #covid #taxes

With the convergence of multiple layers of tax legislation and IRS guidance since 2017, this year’s filing season has the potential to confuse tax preparers as well as the clients they serve. Even for those who follow legislation day in and day out, things can get complicated. Read what tips you need to know for the 2021 tax filing season. #taxtips #taxfiling #taxseason #taxplanning #taxdeductions #taxcredits

The deadline to submit forms to independent contractors is February 1st. This year you’ll need to report their income on Form 1099-NEC, rather than 1099-Misc. Here’s what you need to know about that form.

Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package. #ppp #ppploan #paycheckprotectionprogram #taxcredit #stimuluspackage