Accounting firm offers year-end tax planning advice

The accounting firm of Leffel, Otis & Warwick, P.S., with CPA offices in several nearby towns throughout the area in addition to Odessa, has provided two articles to help remind readers that actions can be taken now to reduce tax burdens come next April 15.

Tax changes and

upcoming deadlines

With another calendar year-end almost upon us, it is important to review some upcoming deadlines for 2012 and changes for 2013.

Payroll: The payroll tax cut for the employee’s share of Social Security taxes is set to expire January 1, 2013. The rate will increase back to 6.2% from 4.2%.

Medicare surtax on...