by Paula Kennedy, EA | Dec 28, 2022 | Blog, Uncategorized
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already...
by Paula Kennedy, EA | Jan 11, 2022 | Tax
While Congress didn’t pass the Build Back Better Act in 2021, there are still revised tax limits that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation. If you’re like most people, you’re probably more...
by Kaitria LaFleure | Feb 25, 2021 | Business
If your business sponsors a 401k plan, you might someday consider adding designated Roth contributions. Here are some factors to explore when deciding whether such a feature would make sense for your company and its employees. Key differences Roth contributions differ...
by Brian Hare, CPA, CGMA | Nov 17, 2020 | Business
If you recently launched a business, you may want to set up a tax-favored retirement plans for yourself and your employees promptly. There are several types of qualified plans that are eligible for these tax advantages: A current deduction from income to the employer...
by Paula Kennedy, EA | Apr 11, 2020 | COVID-19
Here’s what to know before scaling back or eliminating employees’ 401(k) contributions: The coronavirus (COVID-19) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress resulting...
