Everything You Need To Know About Cash Balance PlanCash Balance Plan is a pension plan that employees with the lifetime annuity option. It creates a customized account for every employee...
At a centralized level, a federal tax deduction is way to reduce the amount of income that is subjected to taxes. From the gross income of a taxpayer, the tax deductions are subtracted....
Posted by John Pournaras Agency on 01/12/2019
The modified adjusted gross income is used by the IRS to find out whether a private taxpayer is eligible for specific tax deductions. The IRS most importantly use it to determine how...
Posted by rinehimerbaker on 11/14/2018
To save money quite often is essential to balance the financial goals as well as obligations. On the other hand, to save so much or over saving can become detrimental and dangerous...
Posted by Niner's Accounting & Tax Services, LLC on 10/02/2018
Pension plans specifically intended for self-employed individuals and small businesses are called Simplified Employee Pension (SEP) Plans. It’s also known as SEP/IRAs because...
Posted by John Pournaras Agency on 08/30/2018
As the income tax system of United States of America is a progressive one. So, a high-income level generally means a high tax rate. Luckily, there is Internal Revenue Code that consists...
Financial planning is an integral part of a business organization. In numerous situations, a business needs a financial planner for bookkeeping and documentation. The planner is responsible...
Posted by Foudy CPA Group,PC on 05/18/2018
If you are about to get retired then it is better to know the retirement basics, it receives puzzling that how can you manage the finance for 2 humans and get thru the month with none...
Almost all retirement plans are subjected a particular rate of income tax and early withdrawal may subject it to an extra 10% tax. Typically, an individual draws retirement funds before...