The Internal Revenue Service has announced an increase in the amount of money you can to contribute to your retirement accounts for 2019.
According to the Internal Revenue Service, the contribution limit for employees who participate in a 401(k), 403(b) and most 457 plans, as well as the federal government’s Thrift Savings Plan, is increased from $18,500 to $19,000 a year.
The catch-up contribution limit, which is a higher threshold for employees 50 years or older using these accounts, remains...
Many small business owners bootstrap their businesses. A small business owner does not realize how not keeping a good record of their business' finances is affecting their profits and revenues. This is princippaly true when it comes to bookkeeping; as it's one of the main reasons for small businesses going out of business. This includes overlooking financial mismanagement.
If you're a first-time entrepreneur, you might be wondering: What exactly is bookkeeping and how it differs from acco...
We are looking at the word gross margin. Gross margin is a company’s total revenue minus by the COGS (cost of goods sold), divide by the total revenue, expressed as a percentage. The gross margin represents the percent of total revenues that a company retains after incurring direct costs associated with producing goods and services it sells.
The higher the percentage, the more the company retains, to service its other costs and debt obligations.
This note is our final piece on the New United States Tax Law.
Alternative Minimum Tax – The Exempt Income Thresholds are Increased From Single: $54,300 to $70,300; Married Filing Joint: $84,500 to $109,400.
Alternative Minimum Tax Exempt Income Phase-outs, Increased From - Single: $120,700 to $500,000; Married Filing Joint: $160,900 to $1,000,000.Note: This means that if your income exceeds the $500,000 or $1,000,000 phase-out amount, you are no longer eligible to exempt $70,300 or $...