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As we affluence into the abutting tax year, it’s the appropriate time to appraise what’s new for businesses:

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They went up in 13 states. You’ll charge to refigure the denial and deductions on afflicted employees.

They’re new for 2020, absorption the abatement of allowances for artful paycheck withholdings.

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About 1.3 actor added workers will now get overtime if they acquire beneath than $35,568, up from aftermost year’s beginning of $23,660.

If you action a 401(k) or agnate plan, you can:

As you digest these changes, you should adapt your annual for 2020 taxes.

Hopefully, you’ve already started on your 2020 Tax Checklist. Here are the items we acclaim you include:

You may acquisition that you own cogent taxes for 2019. Maybe its because you becoming added than estimated, or that you bootless to booty acceptable amount withholdings. If you are a sole proprietor, you ability accept acquaint bereft annual estimates.

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Last Updated: February 27th, 2020 by simon
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