May 21, 2019 | Firm Updates, Small Business
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your...
Mar 1, 2019 | Firm Updates, Individual Tax, Tax Tips
If you have a retirement plan account, please see important deadlines below in 2019: March 15 – Employer Contribution Deadline for Partnerships and S-Corporations Income tax returns for calendar-year businesses structured as a partnership or S-corporations are due...
Dec 27, 2018 | Firm Updates, Retirement Planning
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to...
Dec 12, 2018 | Firm Updates, Individual Tax, Tax Tips
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by...
Apr 3, 2018 | Firm Updates, Individual Tax, Retirement Planning
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred—or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible...