Retirement September 30, 2026
History of Social Security COLAs
The predicted 2027 cost-of-living adjustment of 3.5% would rank 19th among the increases implemented since 1977, the first year Social Security began calculating the annual boost.
August 9, 2022
A SEP-IRA Can Be the Easy Way Out
First off, the employer must contribute to a SEP-IRA for any employees age 21 and over who have worked for the business three out of the previous five years
Taxes August 8, 2022
IRS Among the Winners in Dems’ Signature Tax and Energy Bill
The IRS will get an influx of $80 billion over the next decade to expand its audit capability and upgrade its technology.
August 8, 2022
This Retirement Plan Is Just for Self-Employeds
You can adopt either a defined contribution Keogh plan or a defined benefit Keogh plan. As you might expect, the rules for these variations generally
August 5, 2022
Solo 401(k) Plans: Looking Out for Number One
A solo 401(k) plan works pretty much like a traditional 401(k). For starters, you can elect to defer part of your salary to your account within generous annual limits.
Advisory August 5, 2022
Is Artificial Intelligence Becoming a Tool for Financial Advisors?
AI is making financial advisors more efficient and more connected with clients. But some challenges persist.
August 4, 2022
51% of Companies Plan to Raise Wages Only for Top Performers
Only 28% of CEOs and CFOs polled will increase pay for all employees in response to inflation.
August 4, 2022
Starting a Retirement Plan? Keep It SIMPLE
To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.
Accounting August 3, 2022
2022 Innovation Awards Spotlight Top Tech for Tax and Accounting Pros
The Innovation Awards were first presented in 2004, and they honor new or recently enhanced technologies that benefit tax and accounting professionals and their clients ...
August 3, 2022
IRAs Are Better Than No Retirement Plan At All
Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain.
August 2, 2022
The Independent Contractor Dilemma
Gig economy companies classifying their workers as independent contractors continue to face lawsuits, state action, and federal agency enforcement
Advisory August 1, 2022
4 Ways CPAs Can Benefit from Automation
With the increased time savings, accuracy, clientele growth, and work–life balance that automation provides, it’s no wonder that the financial automation market is growing rapidly.
Firm Management August 1, 2022
4 Steps to Help Clients Survive the Great Resignation
Surviving The Great Resignation is possible, but your client may need a little help to transition to the new mindset of employees.