Tag: tax cuts

IRAs-Individual Vs Roth IRA and how they can help you save taxes?
19 Sep
Posted in Tax No comments

IRAs-Individual Vs Roth IRA and how they can help you save taxes?

Individual Retirement  Arrangements (IRA) An IRA account is a tax-favored personal savings arrangement for your retirement. There are two popular types of IRAs, traditional and Roth IRA. An IRA can be set up with the bank or any financial institution. Traditional IRAs The contribution limits to IRAs for those under the age of 50  inRead more about IRAs-Individual Vs Roth IRA and how they can help you save taxes?[…]

What is a 401k plan and how you can save taxes by contributing to a 401k plan?
26 Aug
Posted in Consulting No comments

What is a 401k plan and how you can save taxes by contributing to a 401k plan?

Part I –What is a 401 (k) plan and how you can save taxes by contributing to a 401 (k) plan? If your employer offers 401 (k) plan but if you have never contributed to a 401 (k) plan, think again. This article outlines few basic key points that may be helpful & will provideRead more about What is a 401k plan and how you can save taxes by contributing to a 401k plan?[…]

Here’s what is changing in 2018 relating to business depreciation (equipment and machinery)
19 Aug
Posted in Tax No comments

Here’s what is changing in 2018 relating to business depreciation (equipment and machinery)

With the 2018 tax law changes, the businesses can immediately deduct depreciation cost of machinery & equipment. The new tax law increases the maximum deduction from $500,000 to $1 Million. The Section 179 depreciation deduction is reduced dollar for a dollar once the amount exceeds $2.5 Million. Contact us via our web form if you haveRead more about Here’s what is changing in 2018 relating to business depreciation (equipment and machinery)[…]

C Corporation Payroll and Tax Compliances list
03 Jun
Posted in Payroll One comment

C Corporation Payroll and Tax Compliances list

C Corporation Payroll and Tax compliances list C Corporation : This is a business entity structure that is taxed separately from its owners/shareholders. They are also subject to separate corporate income tax . A C Corporation is owned by its shareholders. There is double taxation of profits under this type of entity structure. Corporation isRead more about C Corporation Payroll and Tax Compliances list[…]