Choosing your salary level
I know it's often hard to figure out how to determine your own salary level for your business. I can assist in setting up a reasonable salary to meet IRS requirements and assist with meeting cash flow needs.
Health Savings Accounts
Health savings accounts (HSAs) can be used by individuals covered by a high-deductible health plan to save for health-care costs on a tax-free basis in an IRA-like account. The HSA contribution limit for 2019 is $3,500 for an individual and $6,900 for a family. There is $1,000 "catch-up" contribution limit of $1,000 for an account owner who is at least 55 by the end of the year.
Here at Todd R. Wold, P.C., I am dedicated to you and all your different accounting needs.
I've been around for over 15 years. My most important win is making you a happy, life-long customer.
Accounting firm specializing in financial institution auditing and consulting, compilations, and income tax consulting and preparation for S-corporations, C-corporations, partnerships, trusts,
estates, and individuals.