© 2012 Wildboar Tax & Accounting LLC
FILING AN EXTENSION? IT MAY COST EXTRA
To help encourage our clients to be on time and committed to organizing their tax information, we have established fees and deadlines that we hope will encourage clients to prepare their tax documentation in a timely fashion. We have created tables that define the fees and dates. Please review this information and plan accordingly.
PAYROLL TAX CUT EXTENDED THROUGH 2012
Good news! The bill that would extend the social security 2% tax cut through the remainder of 2012 has landed on the President’s desk and he is expected to sign it sometime this week. The tax cut was set to expire on February 29, but (barring any extreme circumstance) we will all enjoy having just 4.2% withheld for social security instead of the full 6.2%.