3 summertime marketing ideas for 2022

June 21, 2022By Smeriglio Associates LLCNews

You can’t stop it; you can only hope to use it to your best business advantage. That’s right, summer is on the way and, with it, a variety of seasonal marketing opportunities for small to midsize companies. Here are three ideas to consider. 1. Support summer camps and local sports Soon, millions of young people … Read More

IRS: Tax Filing Extension

June 21, 2022By Smeriglio Associates LLCNews

If you’ve requested for a tax filing extension, the IRS is encouraging you to e-file your 2021 return as early as possible. There’s no need to wait until the October deadline. Taxpayers who requested an extension have until October 17 to file their tax returns. However, if you have all the necessary information to file … Read More

Private business owners: Don’t wait until year end to evaluate financial performance

June 20, 2022By Smeriglio Associates LLCNews

How often does your company generate a full set of financial statements? It’s common for smaller businesses to issue only year-end financials, but interim reporting can be helpful, particularly in times of uncertainty. Given today’s geopolitical risks, mounting inflation and rising costs, it’s wise to perform a midyear check-in to monitor your year-to-date performance. Based … Read More

IRS: Social Security Increase

June 20, 2022By Smeriglio Associates LLCNews

The Social Security Administration’s (SSA) Office of the Chief Actuary is projecting that the Social Security wage base will increase from $147,000 to $155,100 in 2023. The SSA provides three forecasts for the wage base (intermediate, low and high cost). All forecasts predict an increase from $147,000 to $155,100 in 2023. Future intermediate forecasts are: … Read More

IRS: Form 4868

June 18, 2022By Smeriglio Associates LLCNews

Americans living and working abroad: You have less than two weeks to file your federal income tax return. The due date is June 15 if your tax home and residence are outside the U.S. and Puerto Rico, or you’re serving in the military outside the U.S. and Puerto Rico on the regular tax filing date. … Read More

IRS: Form W-4

June 16, 2022By Smeriglio Associates LLCNews

School will soon be out for the summer and many teenagers will be looking for ways to earn money. That’s why the IRS is reminding young workers of their tax responsibilities. New employees must provide employers with a Form W-4 (Withholding Allowance Certificate). If they need help with the form, they can log onto the … Read More

Businesses: Prepare for the lower 1099-K filing threshold

June 15, 2022By Smeriglio Associates LLCNews

Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported. Beginning this year, the threshold has dropped significantly for the filing of Form 1099-K, “Payment Card and Third-Party Network Transactions.” Businesses and workers in … Read More

IRS: 2-D Barcode Technology

June 15, 2022By Smeriglio Associates LLCNews

The IRS is facing an enormous backlog of unprocessed returns, due in part to COVID-19 and other issues. By April 29, 2022, the IRS reported the paper return backlog had topped 18.5 million. One solution being urged by a group of Republican senators is for the IRS to adopt 2-D barcode technology. This would allow … Read More