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Small Business Tools

Eric Updated by Eric

9/17/20

Updated: Federal/State Tax Planner, California numbers were updated for 2020 (brackets, exemption phase out, itemized deduction phase out, renter's credit, AMT).
Updated: Federal/State Tax Planner, Ohio was updated for inflated 2020 tax brackets.
Updated: Federal/State Tax Planner, North Carolina recently passed legislation to conform to the 7.5% medical AGI limit for 2019 and 2020 instead of 10%.
Updated: ACA Individual Premium Tax Credit module was updated with 2021 percentages and federal poverty level.
Updated: Auto Lease vs Buy module was updated to use 2020 numbers including lease inclusion.
Updated: CA Form SI-550 was updated to rev. 08-2020.
Fixed: Basis Worksheet - S Corporation Shareholder, the Debt at End of the Year field didn’t recalculate unless there was a positive Debt Basis.

6/29/20

Fixed: Form 3508EZ Line 7 now calculates correctly.

06/25/20

Added: Form 3508EZ
Updated: Form 720
Updated: Form I-9
Updated: Form 8822-B
Updated: Withholding rates for ID, tax rates for ID, OR, WI, MN, ME, AL

02/04/20

Updated: Form SS-4 was updated to rev. 12-2019. The old form was put in the obsolete category.
Updated: CA Form CDTFA-65 was updated to rev. 1-20. The old form was put in the obsolete category.
Added: CA Form 3535 was approved and opened for users.
Updated: Federal/State Tax Planner, Arkansas was updated for 2019. The tax brackets adjust for lower brackets so it has to be hard coded.
Updated: Federal/State Tax Planner, Montana was updated for 2019.
Updated: Federal/State Tax Planner, Vermont was updated for 2019.
Updated: Paycheck Withholding Calculator, Arkansas was updated for 2020. The brackets adjust for lower brackets so it has to be hard coded.
Fixed: Paycheck Withholding Calculator, Mississippi was fixed for 2020. The zero bracket should go to 3000.

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