401(k)
31 Dec New Tax Law gives some breaks to Businesses
New Tax law provides a variety of tax breaks to businesses and employers While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated...
22 Jan Increases in Deductions, Retirement COntributions and Health Savings Accounts for 2019
Many tax-related limits affecting businesses increase for 2019 A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business. Deductions Section 179 expensing: Limit: $1.02 million (up...
27 Aug Simple IRA – good for small businesses
Keep it SIMPLE: A tax-advantaged retirement plan solution for small businessesIf your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract...
12 Jun Hardship 401(k) Withdrawals
Tax Law changes that may affect your business’s 401(k) planWhen you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the...
12 Feb SEP Plan can be started in 2018 for 2017 Tax Year!
Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunityAre you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and...