Dear Clients and Friends, At SSB, we are hearing from business owners who are impacted by COVID-19—make no mistake—in the end, this is all of us.  Following is a list of things to consider during these difficult times: Stay calm and don’t panic. Business leaders must remain composed, in control and make well thought out… Continue reading

Dear Clients and Friends, At SSB, we are monitoring the developments involving COVID-19 and are available to assist you during these trying times.  As we learn more, we will update our list of resources which will be available at  https://www.ssb-cpa.com/news/. Currently, Congress is working on the Families First Coronavirus Response Bill  which would provide the… Continue reading

Dear Clients and Friends, At SSB, our primary concern is the well-being of our employees and clients.  As we monitor the developments involving COVID-19, we are taking measures to ensure that we reduce the risk of spreading the virus in our workplace while also making sure our communication with you continues in an efficient manner.… Continue reading

Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some moves between now and the April 15 filing deadline to lower your 2019 tax bill. Here are some last-minute tax-saving options to consider. State and Local Income Taxes… Continue reading

On December 20, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It was part of the Further Consolidated Appropriations Act federal spending package. In general, the SECURE Act is intended to expand opportunities for individuals to increase their retirement savings and to simplify the administration of retirement plans.… Continue reading

Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this tax under the Tax Cuts and Jobs Act (TCJA). Trust and Estate Tax Rates for 2018 Use the following tax rates to compute… Continue reading