What the W-2: Reading Between the Lines on Your W-2 Form

We all know them—the sarcastic people who, even when they’re being serious, have a way of saying things that keep us from fully understanding the words that come out of their mouth.  Similarly, filing our taxes can leave us feeling as if we have a massive case of what-the-heck (WTH).  Taxes are serious business, but … Read more

Showing Appreciation and Fairness: How to Calculate Employee Raises

There are plenty of reasons that warrant an employee salary increase.  Dedication, loyalty, performance, and continued education all apply.  But how do you make sure  are fair across the board?  That’s what we’re about to dig into. Fair warning – it does involve math and rubrics.  You may feel like you’re back in school, but … Read more

Retirement Planning: IRS Announces 2019 Plan Limits

The first time I heard the term “pension COLA,” I had no idea what it meant.  My mind immediately started racing, and I thought, ok, either that’s a typo about a city in Florida, or that is a type of soda pop I don’t want to try.  Thanks to Google, I was able to learn … Read more

Pre-Tax Me, Please! The Ins and Outs of Payroll Deductions

Paychecks can be the best things about a job. They can also be one of the most confusing things about a job. After all, only a fraction of the workforce is in an accounting profession. So most of us are probably not experts where accounting and payroll is concerned. While there are many employees who … Read more

The 411 on 401(k) Plans

Employees care about their futures and retirement. A lot. So much so, in fact, that an employer’s retirement benefits package ranks second in importance after healthcare packages, according to the findings from a 2016 Strategic Benefits survey conducted by Society for Human Resource Management (SHRM). Employers of all sizes believe that offering a retirement plan … Read more

The ABCs of CPAs

  How Hiring a Certified Public Accountant Can Save Your Business Money The right CPA could easily become your new best friend, especially when he or she takes over the heavy lifting for your business’ financial health and well-being. Not only is their expertise valuable, establishing a partnership with a trusted financial advisor gives you … Read more

IRS Announces 2017 Plan Limits

On October 27th, the IRS announced cost of living adjustments affecting dollar limitations for pension plans for the 2017 tax year. Most of the pension plan limits remain unchanged from 2016 to 2017.   Listed below are the maximum benefit and contribution limits for 2016 and 2017:   Type of Limitation 2016 2017 401(k) / … Read more