Wayne Business Services

03/16/2026

An eye opener..... for some it wipes out their taxable social security for most it's simply another deduction to lower income.... but SPOILER ALERT.... the calculation for tax purposes on your social security income hasn't changed.

Trump promised no taxes on Social Security, but the 2025 tax changes stopped short of eliminating them. Here's how benefits are being taxed this year.

03/16/2026

A shift to electronic payments is slowing refunds for some filers, even as the IRS grapples with staffing cuts and a heavy tax season workload.

02/05/2026

A quick update for those clients who were in to get taxes completed the end of January.... New York State finalized their forms yesterday which means we can finally print and get your returns set to pick up. We should be in touch with you within the next couple days.

01/28/2026

For the 2025 tax years, employers were not required to provide a W-2 that shows any overtime pay. That should change for the 2026 tax year. That means in order to get a deduction for your overtime pay we will need a copy of your final pay stub for 2025.

01/23/2026

When taxpayers owe money to the IRS or New York State they typically send a check or money order for payment.

Did you know that you can also do a direct debit from your bank account on a day of your choosing? It's quicker, reliable, more convenient, and free. Every year we have clients receive notices for non-payment even after sending payment via check. At some point during the process the check either got lost or credited to another taxpayer account. As odd as that seems, it happens.

Consider direct debit for making your payment.

01/22/2026

The holidays are a distant memory.... the NCAA football championship has been played and the NFL is in conference championship round.... you know what that means.

IT'S TAX SEASON!!!! Weeknight and weekend hours begin next week and the last day for appointments is March 31st.

Prep can still be done either by appointment, drop off, mail in or portal upload. Please do not email documents as they tend to get lost amongst other emails.

09/20/2025

Are you retired and know someone retired that would like a job during the winter to keep yourself occupied for a few months? We are looking for office staff to greet customers, help with paperwork etc. Reach out to me directly with interest.

03/22/2025

Key Points A tax refund may seem like a nice thing, but it’s not. Getting a tax refund means you paid more taxes than you had to. Adjust your withholding to avoid a repeat situation. Are you ahead, or behind on...

03/12/2025

Our appointment book is filled for the rest of tax season. There are still options if you don’t have an appointment. You can drop off our tax info to have your return completed or you can utilize the online portal to upload your documents.

03/07/2025

https://www.jdsupra.com/legalnews/corporate-transparency-act-back-in-4899005/

UPDATE as of 3/4/25: As of February 18, 2025, all nationwide injunctions barring the enforcement of the Corporate Transparency Act (the “CTA”) had...

02/27/2025

BOI Filing for LLCs, S Corps, Corps and Partnerships has been reinstated as of a few days ago...........

In response to the ruling, the Financial Crimes Enforcement Network (FinCEN) has extended the deadline to file a BOI report to March 21, 2025. Affected reporting companies should be prepared to file by the new deadline, pending any legislative or judicial activity in the interim.

02/19/2025

It may not be the most well-known IRS rule, but it can still have a significant impact on your tax situation.