Jan 9, 2020 | News, Uncategorized
The SECURE Act’s Impact on Employer-Sponsors of Retirement Plans January 23, 2020 Overview of provisions of the SECURE Act affecting plan sponsors Congress recently passed-and the President signed into law-the SECURE Act, landmark legislation that...
Jan 9, 2020 | News, Uncategorized
There’s Still Time to Fund Your IRA January 17, 2020 There is still time to make a contribution to a traditional IRA or Roth IRA for the 2019 tax year. The annual contribution limit is $6,000 or $7,000 if you are age 50 or over. Prior to making a...
Jan 9, 2020 | News, Uncategorized
Use Nongrantor Trusts to Bypass the SALT Deduction Limit January 21, 2020 If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of the $10,000 federal limit on state and local tax (SALT) deductions. The limit can...
Jun 5, 2019 | News, Uncategorized
2020 Health Savings Account Limits New contribution limits are on the horizon June 7, 2019 The savings limits for the ever-popular health savings accounts (HSA) are now set for 2020. The new limits are outlined here with current year amounts noted for comparison....
Feb 6, 2018 | Business, News, Uncategorized
Taxes and Virtual Currencies : What You Need to Know February 28, 2018 Virtual currencies are all the rage lately. Here are some tax consequences you must know if you decide to dip your toe in that world. The IRS Pays Close Attention. The first thing to know is that...
