Barneswendling.com

Save More With the New HSA Contribution Limits for 2024

WEBThe IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals. An HSA is a trust …

Actived: 7 days ago

URL: https://www.barneswendling.com/irs-announces-inflation-adjusted-hsa-contribution-limits-for-2024/

Important Health Savings Account Tax Benefits for Small Business …

WEBWith the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored …

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2023 Inflation-Adjusted Amounts for Health Savings Accounts …

WEBThe IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs).High inflation rates will result in next …

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The Inflation Reduction Act: Climate, Health Care, Taxes, and More

WEBThe U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA).The IRA includes significant provisions related to climate change, …

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Employee Retention Tax Credit Available for Businesses

WEBExcept as discussed below, qualified wages are generally limited to $10,000 per employee per 2021 calendar quarter. Thus, the maximum ERTC amount available is …

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Retirement Planning for Baby Boomers: It’s Not Too Late

WEBBut retirement saving among the Boomer generation falls far short of anticipated needs, with only 55% of Boomers have saved anything at all. Of those who …

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Tax Extenders in 2020 Cleveland CPA Accounting Firm

WEBThere’s nothing like a deadline to get things moving in Congress, and December 2019 was no exception. In the waning days of the year, lawmakers married …

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The QBI Deduction: Do You Qualify

WEBQBI deduction defined. The QBI deduction is: Available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S …

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2023 Tax Limits: Is Your Business Prepared

WEBSection 179 expensing: Limit: $1.16 million (up from $1.08 million) Phaseout: $2.89 million (up from $2.7 million) Income-based phase-out for certain limits on the …

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2023 Year-End Tax Planning: 6 Strategies to Implement Now

WEBThe 2023 limits are: 401 (k) plans: $22,500 ($30,000 if age 50 or older). Traditional IRAs: $6,500 ($7,500 if age 50 or older). HSAs: $3,850 for self-only coverage …

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Retirement Planning for Generation X: The Time Is Now

WEBWith that upturn, nearly 60 percent of Gen X respondents to a 2020 survey believe they are successfully saving for retirement. Gen X has an average of $64,000 in …

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Stephen J. Cox Jr. CPA

WEBStephen manages the firm’s non-profit tax filings which include private and public foundations, health and human service organizations, education, and labor unions. He …

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Preparing for Transition

WEBBarnes Wendling has been our company accountants for over 15 years. During this time, the business has grown exceptionally, and Barnes has kept pace, …

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Reopening Business Considerations and New Protocols

WEBBarnes Wendling has been our company accountants for over 15 years. During this time, the business has grown exceptionally, and Barnes has kept pace, …

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Employee retention tax credit (ERTC)

WEBThe maximum amount of qualified wages paid per employee that an employer may take into account for calculating the ERTC is now $10,000 in qualified wages paid per quarter (so …

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Floyd A. Trouten III CPA

WEBFloyd A. Trouten III is a tax director in the transaction advisory service area. Floyd has over 40 years of experience and has been involved in over 400 transactions, …

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