News & Tips - Augustedge, PLLC

Higher Income Individuals Beware

Article Highlights Increase in Corporate Tax Rate Increase in Top Marginal Individual Income Tax Rate Increase in Capital Gains Rate for Certain High-Income Individuals Deduction for Certain Employee Trade or Business Expenses Application of Net Investment Income Tax to Trade or Business Income Limitation Qualified Business Income Deduction Limitations on Excess Business Losses of Noncorporate Taxpayers Surcharge on High-Income Individuals, Trusts, and Estates Termination [...]

By Augustedge Staff|2021-10-04T17:34:16+00:00October 1, 2021|Taxes|Comments Off

Here’s What Happened in the World of Small Business in August 2021

Here are five things that happened this past month that affect your small business. 1) The Senate passed a $1.2T infrastructure package. At the beginning of August, the Senate passed a bipartisan infrastructure package, "the largest upgrade to the country's roads, bridges, pipes, ports and broadband in decades." There are a few steps left before this bill becomes law, but it is expected to [...]

By Augustedge Staff|2021-09-01T18:22:16+00:00September 13, 2021|Business|Comments Off

Getting Married and Related Tax Issues

Article Highlights: SSA Name Change IRS Address Change Postal Service Address Change Tax Withholding Tax Filing Status Marrying A Non-resident Alien Joint and Several Liability Beware of Tax Scams Most weddings planned for 2020 were delayed because of COVID, causing a big upswing in the number of weddings in 2021. Although tax issues are the furthest thing from their minds during this big life-changing [...]

By Augustedge Staff|2021-09-01T18:22:24+00:00September 9, 2021|Taxes|Comments Off

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