2020 Personal Tax Organizers will be sent out in January 2021.
Please contact our office if you have not received your tax organizer by January 30, 2021.
Appointments
This year, for the protection of our clients and employees we are encouraging our clients to drop off, mail, or securely upload tax documents to our office through our new portal system. Our team is available to you via phone conference, virtual meeting or for in-person appointments.
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Portal Transition
The CCH Axcess Portal allows for the secure transfer of documents between you and our firm.
Portals are being set up upon request, if you would like a portal please contact our office.
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MY1040Data Web Organizer Now Available
As part of our tax software transition web organizers will be available on our website through the My1040Data platform. To access your web tax organizer please visit our website, alliedfp.com and log into the My1040Data platform.
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Quarterlies January Payroll Quarterlies will be posted to your Employer On The Go portal by February 5, 2021
W2 Distribution Hard copies of employee W2s will be mailed to employer for distribution. If you have not received your W2 packet for your employees by January 31, 2021 please contact your payroll specialist.
2020 Labor Law Posters Labor law posters are mandated state and federal employment law notices that employers with at least one employee are required to post in an area frequented by all employees.
Inform your payroll specialist if you are interested in purchasing a laminated, combination federal and state labor law poster.
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NYS Minimum Wage Schedule |
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Effective December 31, 2020, the New York State minimum wage rates will be increasing: |
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General Minimum Wage
NYC - Large Employers (11 or more
NYC - Small Employers (10 or less)
Long Island & Westchester
Remainder of New York State
Fast Food Workers
New York City
Rest of New York State
Tipped Food Service Workers (per hr)
NYC - Large Employers (11 or more
NYC - Small Employers (10 or less)
Long Island & Westchester
Remainder of New York State
Credit for Tips Received (maximum)
NYC - Large Employers (11 or more
NYC - Small Employers (10 or less)
Long Island & Westchester
Remainder of New York State
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12/31/2020
$15.00
$15.00
$14.00
$12.50
$15.00
$14.50
$10.00
$10.00
$9.35
$8.35
$5.00
$5.00
$4.65
$4.15
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For complete information about New York State's Minimum Wage click here.
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2021 STANDARD MILEAGE RATES |
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In late December, the Internal Revenue Service issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
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56¢ per mile driven for business use, down 1.5¢ from the rate for 2020,
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16¢ per mile driven for medical, or moving purposes for qualified active duty members of the Armed Forces, down 1¢ from the rate for 2020, and
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14¢ per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020.
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.
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The IRS does not initiate contact with tax payers by email, phone or social media channels to request personal or financial information. If you receive a call like this do not provide any personal information.
For more details about Tax Scams, or to report a scam, visit the IRS website by clicking here.
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Upcoming Tax Filing Deadlines |
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- 02-01-21 - 1099s
- 03-15-21 - Partnerships & S-Corporations
- 04-15-21 - Individual & C-Corporations
- 05-15-21 - Exempt Organizations
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Buffalo | (716) 694-0336
Cooperstown | (716) 694-0336
Oneonta | (607) 432-3462
Perry | (585) 237-3887
Rochester | (585) 410-6733
Victor | (585) 410-6733
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We want to hear from you!! This eblast is written for the benefit of our clients. Please reply to this email with any topics of interest, questions or concerns you may have and we would be happy to address them.
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Is the content of this email relevant to you?
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BUFFALO | COOPERSTOWN | ONEONTA | PERRY | ROCHESTER | VICTOR |
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Allied Payroll Services is bonded.
Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Tette, Ingersoll & Co., CPAs, PC. Allied Financial Partners and Tette, Ingersoll & Co., CPAs, PC are not affiliated with Securities America.
To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.
1. AARP.org, February/March 2015
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