FSA 2022 Benefit Plan Limits and Thresholds
The IRS recently announced that the amount people can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for last year. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2022 tax year in Notice […]
What is The Mega Backdoor Roth IRA?
Saving money for retirement is something every person in the current workforce should consider. After all, having a retirement fund can be the difference between living comfortably and struggling to get by. An IRA, 401k, and other accounts can help you save money for your golden years. However, what if your situation is unique? Optimizing […]
Extracting the PEO Relationship
When an employer elects to leave the PEO relationship, they will notice changes in the way they process many items. Many of these changes will revolve around the firm becoming an employer of record once again. In the Co-Employment relationship, the PEO is the “employer of record” and the “administrative employer”, even though the firm […]
