Experienced-Diligent-Effective
Articles and News
Non-Qualified Stock Options-Private Companies
Taxation of non-qualified stock options of private companies
2017 Hidden Tax Hike
The increase in the earnings limit for social security represents the largest one-year increase in history. The maximum social security tax is jumping from $7,346 in 2016 to $7,886 in 2017 for employees. There is a larger increase for the self-employed as their social security taxes will be increased from $14,694 to $15,773 in 2017.
Proposed Retirement Plan Changes
Proposed changes to Retirement Plans. The coming federal budget will include a few changes to retirement accounts, including a new retirement plan called the myRA.
Divorce and Social Security Benefits
Almost half of all marriages end in divorce. This article discusses the rules on divorce and social security with the goal of helping you maximize your benefits. Before filing for social security, you should get the facts on your marriage(s) durations and divorce dates.
Obamacare's "Cadillac Tax"
The "Cadillac Tax" is a 40% penalty (excise tax) on health insurance plans and a provision of Obamacare that takes effect on January 1, 2018. On that date, employers who provide insurance plans will get hit with a 40% excise tax on insurance premiums above $10,200 for an individual or $27,500 for a family plan. It is estimated that in 8-10 years most health insurance plans offered by employers will be subject to the tax.
LLC/Partnership--Profits Interest vs. Capital Interest
Partnerships can grant profits interests or capital interests for services. LLCs taxed as partnerships are proliferating.