Coolidge Wall Co., L.P.A.
Phone : 937-608-9464 | Toll Free : 877-422-0702

October 2015 Archives

IRS Announces 2016 Pension Plan Limitations

On October 21 the IRS announced cost-of-living adjustments for 2016 retirement plan contributions. For 2016, the amounts that individuals will be able to contribute to retirement plans will remain unchanged at $18,000. The catch-up contribution limit for employees age 50 and over will also remain unchanged at $6,000. This chart summarizes the limitations for 2016:

Should I incorporate my solo Ohio business?

For many people starting a business, the decision of how to organize is relatively simple. For others, the answer is less clear, especially for people who are self-employed, like consultants and freelancers. Should someone setting up a fairly simple business with no employees incorporate?