IRA CONTRIBUTION If you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for tax year 2016, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 18th due date, not including extensions. Be sure […]
It’s Not Too Late to Make a 2016 IRA Contribution Read More »
Alternate Minimum Tax The Alternative Minimum Tax (AMT) exemption “patch,” which was made permanent by the American Taxpayer Relief Act (ATRA) of 2012, is indexed for inflation and it’s important not to overlook the effect of any year-end planning moves on the AMT for 2016 and 2017. Items that may affect AMT include deductions for
Year End Tax Planning Tip #5 Read More »
In January of 2014, the President announced a new investment program being created by the Department of Treasury called the MyRA account. The purpose of this account is to give lower to middle income Americans easier access to a retirement account, so more would be encouraged to start saving. The plan was officially rolled out
Are myRA Accounts a Good Investment? Read More »
Entrepreneurs and small business owners have several choices for what type of retirement plan they want to set up. For those that are successful, it often comes down to a choice between the self-employed (SEP) IRA and a solo 401K. Both allow participants to contribute a generous amount each year (up to $53,000 for 2015).
The Differences Between SEP IRA and Solo 401K Read More »
Having an accountant or a bookkeeper as a business partner is a surefire way to make certain your business is prepared for any and all tax savings that are available.
It’s never too early to get a jump on 2011 tax preparedness Read More »
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