DiSanto, Priest & Co. cited in RISCPA Article

At DiSanto Priest & Co., our focus is to provide our clients  with the best service possible.  One way we do so, is through a strong commitment to ongoing training and professional education.    

Angela M. Paolino, DiSanto Priest & Co.'s Director of Human Resources, oversees the continuing education program for all firm members.  "Education and  training is a basic tenet to the firm's success and the overall well-being of our staff. In fact, our quality training program has been credited as one of the reasons DiSanto Priest & Co. was recently recognized as one of the Best Places to Work  in Rhode Island!*  Training programs keep our accountants informed and apprised of the latest updates in the profession, and in doing so, we provide our clients with the leading-edge knowledge and guidance they need to succeed." 

Angela was recently interviewed by the Rhode Island Society of Certified Public Accountants on the topic.  Please click the link below to read an excerpt from the RISCPA "What Counts" article.

 

RISCPA's What Counts

As always, should you have any questions, please feel free to contact your trusted advisor at DiSanto Priest & Co.  

    

401.921.2000

IRS Provides Updated Withholding Guidance for 2013

 IR-2013-1, Jan. 3, 2013

WASHINGTON - The Internal Revenue Service today released updated income-tax withholding tables for 2013 reflecting this week's changes by Congress. 

The updated tables, issued today after President Obama signed the changes into law, show the new rates in effect for 2013 and supersede the tables issued on December 31, 2012. The newly revised version of Notice 1036 contains the percentage method income-tax withholding tables and related information that employers need to implement these changes.

In addition, employers should also begin withholding Social Security tax at the rate of 6.2 percent of wages paid following the expiration of the temporary two-percentage-point payroll tax cut in effect for 2011 and 2012. The payroll tax rates were not affected by this week's legislation.

Employers should start using the revised withholding tables and correct the amount of Social Security tax withheld as soon as possible in 2013, but not later than Feb. 15, 2013. For any Social Security tax under-withheld before that date, employers should make the appropriate adjustment in workers' pay as soon as possible, but not later than March 31, 2013.

Employers and payroll companies will handle the withholding changes, so workers typically won't need to take any additional action, such as filling out a new W-4 withholding form.

As always, however, the IRS urges workers to review their withholding every year and, if necessary, fill out a new W-4 and give it to their employer. For example, individuals and couples with multiple jobs, people who are having children, getting married, getting divorced or buying a home, and those who typically wind up with a balance due or large refund at the end of the year may want to consider submitting revised W-4 forms.

As always, should you have any questions, please feel free to contact your trusted advisor at DiSanto Priest & Co.  

401.921.2000