How will this affect your contributions to your 401(k)?
IRS Announces 2014 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2014
WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as those governing 401(k) plans and IRAs will remain unchanged because the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment. However, other pension plan limitations will increase for 2014. Continue reading
It’s massive, and it’s complicated. At more than 2,400 pages, the Affordable Care Act (ACA for short) has left businesses and individuals confused about what the law contains and how it affects them.
The aim of the law is to provide affordable, quality health care for all Americans. To reach that goal, the law requires large companies to provide health insurance for their employees starting in 2015, and uninsured individuals must get their own health insurance starting in 2014. Those who fail to do so face penalties.
Insurance companies must also deal with new requirements. For example, they cannot refuse coverage due to pre-existing conditions, preventive services must be covered with no out-of-pocket costs, young adults can stay on parents’ policies through age 26, and lifetime dollar limits on health benefits are not permitted.
The law mandates health insurance coverage, but not every business or individual will be affected by this requirement. Here’s an overview of who will be affected.
Join Ellen as she leads a QuickBooks training workshop on May 2, 2013 at the Georgian Club. Learn more about the training with the link below.
There are many different places to find business start up funding, each with it’s pros and cons. Business funding can come from your own personal savings, from family and friends, using your credit cards, SBA loans, as well as a credit line using your home’s equity. There are also other government funded programs that can also help you. Continue reading
If you are in debt, then know is the time to start getting focused on your credit repair. There are numerous ways in which a person can ruin their credit. Overdue and unpaid bills are the biggest causes of poor credit. Luckily, there are quick and simple ways to repair your credit. Continue reading
For an entrepreneur, starting a new business is an exciting adventure. They have come up with a marketable service or product and have gotten all of the business models and goals in line. It is now time to begin the chore of managing the business and ensuring that it is a success. Continue reading
If you would like to learn the steps to becoming a successful business owner, you should learn to follow in the steps of others who have gone before you. Below are three important traits that all successful business owners share. Continue reading