Feb 1, 2018 | Firm Updates, Individual Tax, Tax Tips
Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or...
Dec 20, 2017 | Firm Updates, Retirement Planning, Tax Tips
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who are already maxing out their contributions is that the 401(k) limit has gone up...
Sep 19, 2017 | Firm Updates, Retirement Planning, Tax Tips
One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step. If you are not already contributing the maximum...
Dec 28, 2016 | Firm Updates, Retirement Planning
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level is for contributions to defined contribution plans, which has gone up...
Nov 8, 2016 | Firm Updates, Small Business
Saving for retirement can be tough if you are putting most of your money and time into operating a small business. However, many retirement plans are not difficult to set up, and it is important to start saving so you can enjoy a comfortable future. So if you haven’t...