{"id":56038,"date":"2018-09-18t07:00:15","date_gmt":"2018-09-18t11:00:15","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56038"},"modified":"2018-09-25t18:47:13","modified_gmt":"2018-09-25t22:47:13","slug":"check-your-clients-withholding-now","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/09\/18\/check-your-clients-withholding-now\/","title":{"rendered":"the w-4 time-bomb and what to do about it"},"content":{"rendered":"
you don’t want clients to blame you for any unhappy surprises.<\/strong><\/p>\n by barry j. friedman, cpa<\/em> with so many recent tax changes, two-income families and people who work multiple jobs should check their withholding amount.<\/p>\n more hot-button topics for clients:<\/strong>\u00a0supreme court’s wayfair ruling on sales tax sows more confusion<\/a>\u00a0 |\u00a0\u00a0making passwords hack-proof<\/a> |<\/p>\n exclusively for pro members.\u00a0<\/span><\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n the irs is urging two-income families and folks who work multiple jobs to complete a paycheck checkup to verify that they’re withholding the right amount of tax from their paychecks.<\/p>\n you can check out the irs withholding calculator<\/a> to help navigate the complexities of multiple employer tax situations and determine the correct amount of tax for each employer to withhold.<\/p>\n the passage of the tax cuts and jobs act affects 2018 tax returns and makes checking withholding even more important.<\/p>\n some tcja changes include:<\/strong> therefore, if you have a client with a more complex tax profile \u2014 if they’re a two-income family or if they work multiple jobs \u2014 they may be more vulnerable to being under-withheld or over-withheld following the tax law changes. this is why the irs encourages a paycheck checkup as early as possible to see whether they’re having the correct amount withheld for their personal financial situation.<\/p>\n if they need to adjust their paycheck withholding amount, doing so early gives more time for withholding to take place evenly throughout the year. waiting means fewer pay periods to make tax changes and this could have a bigger effect on each paycheck.<\/p>\n
\nindustrynewsletters<\/a><\/em><\/p>\n
\n\u2022 increased standard deduction.
\n\u2022 elimination of personal exemptions.
\n\u2022 increased child tax credit.
\n\u2022 limited or discontinued deductions.
\n\u2022 changed tax rates and brackets.<\/p>\n