Grateful to team #DarshiKasotiaCPA, Customers, Partners, Friends and Family for an outstanding 2018. Looking forward to a great 2019!
Happy New Year!
November 26, 2018
401k and Retirement Plan Limits for the Tax Year 2019
The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000. The […]
Continue reading... January 17, 2018
Mileage Rates for 2018
The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile. 2018 Standard […]
Continue reading... January 16, 2018
1099 Filing Date Just Around The Corner
If you operate a business and engage the services of an individual (independent contractor) other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, you are required to issue the individual a Form 1099-MISC soon after the end of the year to […]
Continue reading... December 6, 2017
401k and Retirement Plan Limits for the Tax Year 2018
On October 19, 2017, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year of 2018. Highlights of Changes for 2018 The contribution limit for employees who participate in 401k, 403b, most 457 plans, and the federal government’s Thrift Savings Plan is […]
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