[This post is part of a multi-part series on the new 199(A) deduction. Be sure and check out our blog during the second week of each month to see the next case study. For an explanation of the basics of this deduction, please review this post.]
Today’s case study is going to look at when the 199(A) deduction may be limited by overall taxable income. Continue reading
In this month’s video, I explained what a Fixed Price Agreement or FPA is. All of our deluxe or physician individual FPAs, as well as our business FPAs, include a set of services above and beyond preparing a tax return. Continue reading
When we meet with a prospect, the first question we usually hear is, “What are your fees?” While most firms base their fees on hourly billing, we take a different approach. In her video, Laura describes our Fixed Price Agreement (FPA) and the benefits of our pricing model. Continue reading
[This post is part of a multi-part series on the new 199(A) deduction. Be sure and check out our blog during the second week of each month to see the next case study. If you are looking for the basics of what this deduction is, please check out this post.]
Today’s case study is going to look at how the 199(A) deduction varies depending on the type of business being operated. Continue reading
In this month’s video, I explained a couple of the goals when we complete a tax projection for clients. For some taxpayers, a tax projection can have many moving parts making the assistance of a tax advisor essential. For others, this process can be completed without outside help. The main category of people that this would apply for is those with W-2 jobs. To help those folks out, here is a step-by-step guide to calculating whether you have the proper paycheck withholding. This is a good basic plan for anyone and can be tweaked for more complicated circumstances. Continue reading
What do you do with your retirement accounts when you change jobs? This is a common question on WCI, and the good news is that you have many options! What you choose to do depends, as always, on your goals, current situation, and priorities. Continue reading
Your Summary Plan Description (SPD) is the rule book for all retirement accounts offered to you by your employer. Sadly, many employees do not know how to read their SPD or its importance. In this month’s video, Michelle gives you important features to look for in your employer’s SPD.
Also read Johanna’s companion blog post, It’s Open Season!
Annual open enrollment for benefit plans typically begins on November 1. Everyone should spend 30 minutes annually on a review of your current and available benefits. If you hate waiting in an endless phone loop when you need an answer about your insurance or retirement, Continue reading
Do you own your own business/practice? Does your income vary during the year, or even from year to year? Would you like to know if you are going to have to pay in, or maybe get a refund, before your taxes are finalized? If you answered yes to any of these questions, this video about tax projections is for you!
[This post is part of a multi-part series on the new 199(A) deduction. Be sure and check out our blog during the second week of each month to see the next case study. If you are looking for the basics of what this deduction is, please check out this post.]
Today’s case study is going to look at how the 199(A) deduction is different for a dual-physician couple than a single-income family. Continue reading
