As we reach the halfway point of 2026, now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives…
SOCIAL SECURITY WAGE BASE Wages will be taxed up to $184,500 for FICA in year 2026. The 2026 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2026 RETIREMENT…
The Secure Act 2.0 was signed into law on December 29, 2022 and included significant changes to “qualified retirement plans” as well as SIMPLE IRA plans, with provisions becoming effective…
The two most common employer-sponsored retirement plan types are 401(k) plans (403(b) for non-profits) and SIMPLE IRA plans. Each type of plan has definite pros and cons, and professional advice…
As we reach the halfway point of 2025, now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives…
SOCIAL SECURITY WAGE BASE Wages will be taxed up to $176,100 for FICA in year 2025. The 2025 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2025 RETIREMENT…
In our PayDay from May 4, 2023 titled “Brand New Retirement Plan Options,” we summarized various provisions of the Secure Act 2.0, a new retirement plan legislation which impacts all…
As we approach the last quarter of 2024, Now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives.…
SOCIAL SECURITY WAGE BASE Wages will be taxed up to $168,600 for FICA in year 2024. The 2024 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2024 RETIREMENT…
SECURE ACT 2.0 The Secure Act 2.0 legislation was signed into law on December 29, 2022, as an enhanced version of retirement plan law changes which began with the original…