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Tag Archives: Self-employment
IRS Increases Retirement Plan Limits for 2014
Contributing to a retirement plan is one of the best tax shelters available to you during your working years. Recently, the IRS announced that most of the retirement savings limits will NOT increase for 2014. RETIREMENT PLAN LIMITS FOR 2014: … Continue reading
Social Security Max increase to $117,000 for 2014
Each year, the government bumps up the maximum Social Security taxes that you can pay. For 2014, the maximum wage base jumps to $117,000, an increase of $3,300, or 2.8%, over the max of $113,700 that was in place for … Continue reading
Posted in Uncategorized
Tagged Andrew Schwartz, Federal Insurance Contributions Act tax, Medicare, Patient Protection and Affordable Care Act, Schwartz & Schwartz, schwartz & schwartz cpas, Schwartz and Schwartz, Self-employment, Social Security, Social Security Administration, Social Security Wage Base, Tax rate
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Now’s the time for Mid-Year Projections
Now’s the time to get a Mid-Year Tax Projection to see how you’ll do on April 15 next year. If you have self-employment income, made a job change during the year, have multiple sources of income, or just want to … Continue reading
Posted in Planning, Taxes
Tagged Accounting, Andrew Schwartz, Business, Politics, Schwartz & Schwartz, schwartz & schwartz cpas, Self-employment, Tax, Tax incidence, Taxation, United States
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SOCIAL SECURITY MAX INCREASES TO $113,700 FOR 2013
Each year, the government bumps up the maximum Social Security taxes that you can pay. For 2013, the maximum wage base jumps to $113,700, an increase of $3,600, or 3.3%, over the max of $110,100 that was in place for … Continue reading
Schwartz and Schwartz, CPAs News 