The rules for withholding federal payroll taxes are quite straightforward, applying to most employees in the United States, regardless of location. The rules tend to be more complicated on the state side, however, as they are location specific and may even include local tax withholding. Here’s a rundown of the various federal, state, and local.. read more →

22 Aug 2018
August 22, 2018

Are Annuities Right for You?

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Annuities are financial products sold by insurance companies that allow you to put aside money, have it increase each year without paying taxes and then trigger a stream of future payments on a timetable you can control. Unlike IRAs, there’s no income limit on how much you can place in an annuity. By being in.. read more →

22 Aug 2018
August 22, 2018

Passwords: Making Them Hard to Crack

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Why work on making your passwords stronger? Hackers will attack the low-hanging fruit first. What attackers will do is steal the storage of passwords on a vulnerable screen. These passwords are encrypted, but with tools like Pwdump, Airodump-Ng and the Meterpreter, hackers can take as much time as they need to crack your password. The.. read more →

22 Aug 2018
August 22, 2018

Check Your Withholding Now

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The IRS is urging two-income families and folks who work multiple jobs to complete a paycheck checkup to verify that they’re withholding the right amount of tax from their paychecks. You can check out the IRS Withholding Calculator to help navigate the complexities of multiple employer tax situations and determine the correct amount of tax.. read more →

Mothers and fathers have been navigating maternity and paternity leave policies for decades. Unfortunately, the U.S. has one of the least impressive frameworks for this time off in place. But with knowledge and planning, you can make this time work for you and your employees. You as an employer are legally mandated to offer very.. read more →

A tax reciprocal agreement is established when two states agree to avoid the burden of dual taxation on employees who live in one state while working in another state. The contract exempts the employee from taxes in his or her work state while requiring payment only to the home state. For example, Illinois has reciprocal.. read more →

01 Aug 2018
August 1, 2018

Bitcoin: What’s Happening?

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Bitcoin is a decentralized digital currency — a cryptocurrency. It’s essentially a form of money that exists only as computer code and is not overseen by any central bank. It was created in 2009 and is maturing as a recognized asset class on Wall Street. Already, bitcoin futures trade on major markets — allowing investors.. read more →

The IRS has provided information to taxpayers and employers about changes related to the Tax Cuts and Jobs Act on the rules for these expenses: moving, vehicle and unreimbursed employee. But there’s a bright spot: The agency offered information about higher depreciation limits for some vehicles. The TCJA, the tax overhaul that Congress passed last.. read more →

01 Aug 2018
August 1, 2018

2018 DHL&S Summer Outing

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On Friday, June 29, 2018, DHL&S recharged their batteries after a very busy tax season at the Colonial Tavern in Oxford, CT. Enjoying the beautiful weather, eating, swimming and playing water balloon toss, were just some of the activities planned for the day! Getting together outside of the office in a relaxed atmosphere really gave.. read more →