PATH Act Provides Business Benefits

During December 2015, President Obama signed The Protecting Americans from Tax Hikes (PATH) Act. The Act makes permanent multiple key tax provisions, including enhanced section 179 expensing and the American Opportunity Tax Credit, while extending and enhancing several others. One of the most notable changes is that the regulation permanently extends the research and development…

Employee Payroll Taxes are Set to Increase in 2013

Employee Payroll Taxes are Set to Increase in 2013. For 2011 and 2012, employees have received a break on their wage withholdings.  The Old-Age, Survivors, and Disability Insurance (OASDI) rate – previously 6.2% – was reduced to 4.2% for these two years.  In 2013 the rate is scheduled to go back to 6.2%.

The OASDI, also…