Tag: tax preparation mckinney tx

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?[…]

How meals and entertainment expenses will be taxed in 2018?
05 Aug
Posted in Tax No comments

How meals and entertainment expenses will be taxed in 2018?

The Tax Cuts and Jobs act has newer rules for deducting business meals and entertainment expenses. According to prior 2017 tax law, most meals and entertainment expenses were 50% deductible for tax purposes. We have received many questions about how meals and entertainment expenses will be taxed and impact on your businesses. In general, mostRead more about How meals and entertainment expenses will be taxed in 2018?[…]