Monthly Archives: October 2017

Social Security 2018 Wage Base

Each year the Social Security Administration (SSA) sets the maximum amount of wages subject to social security taxes (old age, survivor, and disability insurance).  For 2018, the wage base is going up from $127,200 in 2017 to $128,700.  Keep in mind that the employee and the employer each pay a 6.2% tax on the eligible wage base up to this maximum. …

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Posted in Other

New Lease Accounting Rules

The Financial Accounting Standards Board has issued new rules related to accounting for leases. The rules take effect for public companies beginning 12/15/18 but will require some consistency in reporting so firms are changing to account for their leases in the new manner in 2017.  For non-public companies, the rules take effect 12/15/19.…

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Posted in Business Best Practices, CFO Services
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