How Much Will Small Businesses Pay in Taxes in 2022?
Small Business Tax Rates for 2022 Explained The I.R.S. recently announced a new tax rule for small business owners related to the 2021 American Rescue Plan Act. And as a result, any payment your business receives from a digital service or third party that accepts...
Income Tax Brackets for 2021-2022
Income Tax Brackets—How is Your Income Tax Calculated? The United States operates under a progressive tax system that imposes a higher tax rate on taxpayers who have higher incomes. Generally, you’ll pay more tax as you move up the pay scale, which is accomplished by...
What to Expect from 2022 Tax Returns
IRS Announces Inflation-adjusted Rates for 2022 Tax Returns The IRS announced new rates for 2022 tax returns. These rates have increased due to inflation, which was higher in 2021. The new rates will become effective starting January 2022. So, you’ll need to take the...
How FMA CPA Will Assist Independent Contractors with Tax Planning
Independent Contractor Taxes: A Guide on How to Pay Your Taxes With an evergreen tax code that measures thousands of pages long, it’s understandable if you’re unsure of what’s expected of you regarding independent contractor taxes. Being an independent contractor...
