December 12, 2018

FICA you!

When You Inevitably Get Laid Off, Your Severance Payments Will Be Subject To FICA Taxes

Yesterday, the Supreme Court gathered to decide an issue that had drawn the attention of tax advisors and subpar employees the country over: Is severance pay pursuant to an involuntary layoff subject to FICA employment taxes? The answer was a resounding “yes,” a reversal from the rulings previously handed down by the District Court and […]

The Fiscal Cliff: As a CPA, People Expect You to Know this Crap

You spent five (or more) years studying to be an accountant, passed the hardest professional licensure exam that exists, and people expect you to know some shit about taxes. They don't care that you're "an auditor" because they don't know what that means. Now when you go to parties, somebody will be like, "Hey, Mark, […]