Category Archives: Uncategorized
Can you max out your IRA contribution at the start of 2012?
If you can do it, do it early—the sooner you make your contribution, the more interest those assets will earn. (If you haven’t yet made your 2011 IRA contribution, you can still do so through April 17, 2012.) The IRS … Continue reading
Think about putting more in your 401(k) or 403(b)
In 2011, you can contribute up to $16,500 per year to these accounts, with a $5,500 catch-up contribution also allowed if you are age 50 or older. Has your 2011 contribution reached the annual limit? There’s still time to put … Continue reading
South Carolina Labor Law Update
Under the Payment of Wages Act, the employer must notify new hires in writing of: Wages agreed upon Normal hours the employee will work Time and place wages will be paid Deductions an employer will make from wages, including insurance … Continue reading
Written Proof needed for Charitable Contribution Deductions
The IRS continues to review charitable contributions claimed by high income taxpayers! Stick to the strict letter of the law and comply with all of the record keeping requirements when making charitable contributions. Be aware that recent tax law changes … Continue reading
Find Out if You Are Prepared For Version 5010
Summer is coming to an end, and the Version 5010 transition deadline is now only four months away! As the January 1, 2012 deadline approaches, your transition should be well underway. There are certain steps to be taking now during the … Continue reading
Announcement of Medicare Rural Health Clinics (RHCs) 2011 Payment Rate Increases
The Rural Health Clinic (RHC) upper payment limit per visit is increased from $77.76 to $78.07 effective January 3, 2011, through December 31, 2011 (i.e., CY 2011). The 2011 rate reflects a 0.4 percent increase over the 2010 payment limit … Continue reading