Social Security Wage Base and Earnings Test Amounts Increase in 2023

Articles, Estate and Gift Taxation, Featured Events, News, News & Events, Tax Strategy & Compliance, Tax Tips / By Gray, Gray & Gray, LLP

The Social Security Administration (SSA) recently announced that the “wage base” for computing Social Security tax will increase for 2023 to $160,200. This is up from $147,000 for 2022. Federal law limits the amount of earnings that are subject to the Old-Age, Survivors, and Disability Insurance (OASDI) tax in a given year. This threshold, referred to […]

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Where to Start with Cybersecurity

By Nathaniel C. Gravel, CISA, CISM, CRISC With an estimated 2,200 cyberattacks taking place each day – one every 39 seconds – the task of creating and deploying a defensive strategy for your business can be intimidating. Still, the threat is too great to ignore, not to mention the fact that most states have strict