Year End Tax Planning

10/30/15

Start now before you run out of time … The clock is a tickin’. Is it just us or did 2015 screech by? We are in November now and most tax saving scenarios take time to implement and quantify. For all of our clients, tax planning should be thoughtful and logical. In the case of business...

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IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016

10/26/15

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not...

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In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged

10/26/15

For tax year 2016, the Internal Revenue Service today announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these annual adjustments. The tax items for tax year 2016 of...

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Affordable Care Act Alert

10/23/15

New Electronic Filing System for Information Returns required to be filed under the ACA. The IRS recently issued two publications setting forth new rules as to how employers must file 2015 electronic information returns under the “Affordable Care Act Information Return” system, or AIR...

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