IRS Releases Withholding Tables Based on Expired Tax Cuts 

Please visit the following link for the current IRS current information on the withholding tables and calculations. http://www.irs.gov/uac/Newsroom/IRS-Provides-Updated-Withholding-Guidance-for-2013

When it comes to taxes, Freed Maxick CPAs is different than most accounting firms in Western New York. To us, tax time is all the time. We’re sticklers about deadlines and compliance, but our larger goal is tax management. So we keep a year-round eye on federal, state and local tax laws, including those pending. We alert you to any changes that may affect you and help you respond in a timely way. Contact us today to learn more about how we can assist you.

ANOTHER TAX UPDATE 1.2.12
Fiscal Cliff Tax Update: Analysis of American Taxpayer Relief Act. Full report HERE.

Happy New Year Everyone. As promised on December 31, 2012, we are following up on the latest information from the Internal Revenue Service related to the release of new income tax withholding tables and implementation guidelines.

PLEASE NOTE that these reflect the expiration of the previous laws and does not yet incorporate the enactment of Congress’ recent bill. The guidelines note that taxpayers have until February 15, 2013 to implement the new withholding tables. We will continue to monitor Washington’s actions and pass along information as soon as we can. 
For more insight, observations and guidance on the new Tax Cuts and Jobs Act, visit our Tax Reform webpage.