Category Archive for: ‘Articles’

401(k) Plan Below is an outline of the contribution limits for 2013-2014. 2013: $17,500/year $23,000/year  if you are 50+ years old (includes catch-up contribution) 2014: $17,500/year $23,000/year  if you are 50+ years old (includes catch-up contribution) Simple IRA Below is an outline of contribution limits for 20132014. 2013: $12,000/year $14,500/year if you are 50+ years old (includes catch-up contribution) 2014: $12,000/year $14,500/year […]

2012 is proving to herald in a new era of sophistication for IRS’s efforts to monitor and enforce compliance of existing tax laws in the area of Investment Rental Properties. The 2011 tax forms, introduced in January, 2012, revealed several new and more detailed questions on the Form Schedule E, Part 1 – Income or Loss From Rental Real Estate and Royalties. […]

*Reprinted with permission from Bookkeeping Tips published by AIPB. All rights reserved. The problem: Everyday practices of 70% of employers result in unpaid “work” hours that the employer has no idea are unlawful, but that do, in fact, violate the Fair Labor Standards Act (FLSA). The focus: Hourly employees and first level managers-typically “supervisors,” such as a customer service supervisor, […]

The minimum wage in North Carolina is currently $7.25 an hour.  Employers doing business in North Carolina are required to pay at least $7.25 per hour to all employees (agricultural and wholesale jerseys domestic employees are subject to the federal minimum wage). The wholesale nba jerseys $7.25 per hour state minimum wage also applies to the state of North Internet […]

“Reprinted with permission from the General Ledger published by AIPB. the All rights reserved.” The IRS places restrictions on the deduction of home internet expenses.  Internet expenses are deductible as business expenses only to the extent that they are attributable to business use. The portion that is attributable to personal use is not tax deductible. To deduct use cheap jerseys China for […]