Key Tax Deadlines for Employers – 2023 Q1
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may…
Is Your Business Closing? Make Sure You Know Your Tax Responsibilities
Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If…
Inflation Means You and Your Employees Can Save More For Retirement in 2023
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to…
Should I Consider a Roth Conversion?
Have you considered converting to a Roth IRA? If you’ve had a traditional IRA (or SIMPLE/SEP IRA) for at least two years, it is eligible for conversion. Due to the…
Simple Retirement Savings Options For Your Small Business – Updated for 2022
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension…
Tax-Favored Retirement Plan Options for Your Organization
When you hear “retirement plan”, many of us think immediately of 401(k) plans, and rightfully so. Since their establishment in the late 1970s, 401(k)s have been offered by companies of…
Options for Your 401(k) Account When You Switch Jobs
Dubbed the “Great Resignation”, many employees are taking an opportunity these days to find a different job that better fits their lifestyle and goals. If you have a 401(k) account…
It’s Time for Financial New Year’s Resolutions!
Many of us make new year’s resolutions – new habits we want to cultivate in order to achieve our goals. Amid your weight loss and other self-improvement intentions, here are…
2022 Payroll and Employee Benefit Plan Dollar Limits
Each year, the government updates certain dollar limits for inflation. Here are the new numbers for 2022 along with some explanatory information: Payroll Taxes The Social Security Taxable Wage Base…
2021 Payroll Compliance Update
PDF DOWNLOADS: 2021 Payroll Year-End Checklist and 2022 Employee Benefit Plan Limits Summary As we all know payroll is a constantly evolving environment with new laws and regulations passed every…