5 Key Areas to Watch to Keep Your Benefit Plan in Compliance
Employers who offer employee benefit plans like health insurance or retirement benefits are governed by the Employee Retirement Income Security Act...
1 min read
Marketing 11/24/15 12:00 AM
As the year-end approaches, it’s a good time to start thinking about some additional taxes that may be owed and moves that will help lower your tax bill. Higher income earners need to be aware of the 3.8% tax on certain unearned income and the additional 0.9% Medicare tax. The 3.8% tax can begin to come into play when income exceeds $125,000. The 0.9% Medicare tax can apply when wages and self-employment income exceed $125,000. When a married couples total wages exceed $250,000, this additional Medicare tax will apply. Other actions to consider include:
Please be sure to give our office a call at 1-866-287-9604, and we will be glad to discuss these and other strategies to try to lower your income taxes as much as possible.
Posted by Chris Hatcher, CPA/CFF, CFE, CVA, CGMA
Employers who offer employee benefit plans like health insurance or retirement benefits are governed by the Employee Retirement Income Security Act...
QuickBooks Online is an important piece of software because it helps ensure the accuracy of your financial records with a little help from your bank...
Under federal law, most organizations with an employee benefit plan that has 100 or more participants with account balances at the beginning of the...