The IRS Releases an Early Draft of the 2020 IRS Form W-4, Employee’s Withholding Allowance Certificate

The IRS has just released an early draft of the 2020 Form W-4, although it is anticipated that changes could be made prior to its final release.  The most glaring change is the concept of allowances is removed, no doubt due to the fact that personal exemptions no longer exist (the Tax Cuts and Jobs Act which became applicable for 2018 onward eliminated exemptions).

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Attention Payroll Return Preparers

As the January due date approaches, we would like to update you on the Payroll Return processes and procedures, specifically regarding the filing of Form W-2 – Wage and Tax Statement.

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Happy New Year!  As we enter 2019, we here at Bormel, Grice & Huyett, P.A. are looking forward to continuing to provide our clients with the best possible service.  We strive to exceed our clients’ expectations, and our own, for providing the professional knowledge that ensures their success, while adhering to the highest ethical standards.

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The Cultural Alliance of Greater Washington has worked with Bormel, Grice & Huyett, P.A., since 1988. Their knowledge of the arts and the arts community make their services invaluable. They can translate accounting terminology into a comprehensive language. For many organizations, the accounting firm of Bormel, Grice & Huyett provides the financial "information bridge." We whole-heartedly recommend Bormel, Grice & Huyett, excellent accountants who care about our arts organizations.
Jennifer Cover Payne, Executive Director, Cultural Alliance of Greater Washington

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