401(k) Retirement Plan Contribution Limit Increases for 2018; Most other limits are stagnant

Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who’re already maxing out their contributions is that the 401(k) limit has gone up by $500. The only other limit that has increased from the 2017 level is for contributions to defined contribution plans, which has gone up by $1,000.

Continue reading
  684 Hits

Why you may want to accelerate your property tax payment into 2017

Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property tax deduction beginning in 2018.
Continue reading
  860 Hits

2019 Tax Planning Guide

It’s time to start thinking about year-end tax planning!  For your convenience, we have made this year’s tax planning guide available to you in an electronic format.  As always, feel free to contact us with any specific questions you may have.

pdf2019 Tax Planning Guide

  83 Hits

2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year.

As released by the Ways and Means Committee of the U.S. House of Representatives on November 2, the Tax Cuts and Jobs Act would eliminate the WOTC for hires after December 31, 2017. So you may want to consider hiring qualifying veterans before year end.

Continue reading
  602 Hits

Grindle and Heckenlively Presented at the National Provider Enrollment Training in Dallas

Seim Johnson experts, Dennis Grindle and Gretchin Heckenlively, alongside other Medicare enrollment specialists, presented at the National Provider Enrollment training in Dallas on September 24-27, 2017.  Their presentation was geared toward taking the frustration out of Medicare enrollment and credentialing! Whether you work in a physician office, home health agency, hospital, rural health clinic or any other setting, they will help you master the Medicare enrollment process and ensure uninterrupted billing!

  489 Hits