Nov 17, 2022 | Business Planning, Closely Held Business, Tax News
When you started your company, you looked to engage a “numbers person,” but now your firm’s challenges have become too great to handle without expert help of a different sort than you’re receiving from your current accounting firm. Perhaps you want— ...
Nov 8, 2022 | Personal Financial Planning, Tax News
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. Also increasing is...
Nov 3, 2022 | Accounting & Audit Updates, Tax News
If you offer a 401(k) plan to your employees, the first thing you must figure out is whether it needs an independent audit. If you have 100 or more eligible employees at the start of the plan year, you need an audit. The essential word is “eligible.” So...
