Word to the Wise – January 2020

There's Still Time to Fund Your IRA There is still time to make a contribution to a traditional IRA or Roth IRA for the 2019 tax year. The annual contribution limit is $6,000 or $7,000 if you are age 50 [...]

The SECURE Act and Retirement Plans – What Changed?

On December 20th, the President signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law.  The Act is widely considered to be the most significant retirement policy legislation since the Pension Protection Act of 2006.  The SECURE […]

Word to the Wise – December 2019

Avoid Misclassification: Understand Independent Contractors The best way to avoid misclassifying workers is to understand the defining characteristics of independent contractors — and then treat them as such. Use this infographic to help you identify independent contractors and understand how [...]

Word to the Wise – November 2019

Save Money with These Year-End Ideas There's still time to reduce your potential tax obligation and save money this year (and next). Here are some ideas to consider: Estimate your 2019 and 2020 taxable income. With these estimates you can determine [...]

Word to the Wise – October 2019

Another Year, Another New 1040 In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some [...]

PA Law Expands E-Verify in the Construction Industry

H.B. 1170, the Construction Industry Employee Verification Act (the Act) recently passed by the General Assembly of Pennsylvania, will require all construction-industry employers to verify all new hires in E-Verify. The E-Verify program, which is managed by the U.S. Department […]