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G&G Associates
Tax, Financial & Veteran Consulting Services
Tax, Financial & Veteran Consulting Services
e-Newsletter
IRS offers free March 28 webinar:
Understanding how to do a ‘Paycheck Checkup’
Hotep (Peace) G&G Readers,
The Internal Revenue Service will provide a free online, web-based information session in two languages on Thursday, March 28, 2019, to help people understand how to do a ‘Paycheck Checkup.’ Doing a Paycheck Checkup means checking tax withholding using the IRS Withholding Calculator and making any necessary adjustments to avoid having too little or too much tax withheld from paychecks.
The webinar is part of a continuing effort by the IRS to share information with taxpayers and partners to help people review their tax withholding, especially if they have already filed and noticed a significant change to their tax refund or amount owed brought about by the Tax Cuts and Jobs Act (TCJA) enacted in 2017. The TCJA lowered tax rates, increased standard deductions, suspended personal exemptions, increased the Child Tax Credit and limited or discontinued deductions.
Internal Sponsorship:
G&G TAX PREPARATION SERVICES
G & G Associates focuses on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.
Our expert help includes our:
We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2016 and beyond tax season. (Referrals available upon request)
If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off our normal fees. If you are active duty or retired military you'll get a 15% discount. If you are a senior citizen (above 65) you'll get a 20% discount.
At G&G Associates, we GUARANTEE to beat "ANY" other tax professional’s price. We take pride in not nickeling and diming our customers with unnecessary charges & fees.
We are looking forward to doing business with you for the upcoming tax season. For more information about G&G Associates, visit our website at www.gngnassociates.net
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Sooner is better
The IRS urges all taxpayers to do a “Paycheck Checkup” now so that if a withholding adjustment is needed, there is more time for withholding to happen evenly during the rest of the year. Waiting means there are less pay periods to withhold the necessary federal tax – so the change in withholding from each remaining paycheck will be more.
Reviewing withholding is especially important if people did a Paycheck Checkup in 2018 and adjusted their withholding during the middle or late in the year. Another review early this year can help make sure they’re having the right amount withheld for the rest of 2019.
The Withholding Calculator is an accurate, simple way for most taxpayers to determine their correct withholding amount. The tool allows taxpayers to enter their expected 2019 income, deductions, adjustments and credits – including the Child Tax Credit.
Webinar helps diagnose who needs a ‘Paycheck Checkup’
The two 60-minute webinars, one in English and one in Spanish, include a special Q&A session. The sessions cover the basics of using the online IRS Withholding Calculator and detail the different situations that may require taxpayers to adjust their withholding, including those who:
- Had a large tax refund or tax bill for 2018 when they filed their tax return this year.
- Adjusted their tax withholding in the middle or later part of 2018.
- Had a major life change this year.
- Are a two-income family.
- Have two or more jobs at the same time or only work part of the year.
- Claim credits like the Child Tax Credit.
- Have dependents age 17 or older.
- Itemized deductions in the past.
- Have high income or a complex tax return.
- Have a large tax refund or tax bill for 2018.
Here’s to Good Health, Wealth and Retirement!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
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LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, investment reports, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
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