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Everyone needs a tax guide

Tag Archives: 2012 taxes

Everyone needs a tax guide

Today’s topic is a departure from what I usually write about, but I want to share with you something from our firm that may be of benefit to you. Tax planning is typically complex, but the uncertainty of the proposed changes makes it especially challenging. Regular tax rates are scheduled to rise in 2013, but current rates might be extended for some or all taxpayers. You’ll want to take a special look at Employee Benefits in the left column of the Business and Executive Compensation tab of the Salmon Sims Thomas 2012-2013 Web Tax Guide.

IRS’ Cost of Living Adjustments for 2012 retirement plans

The IRS announced cost of living adjustments for contributions to various types of retirement plans in the 2012 tax year. You can use the information in an IRS easy-to-understand chart to communicate contribution limits to your employees.