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3 posts from September 2012

09/12/2012

McRuer CPAs Listed as One of Kansas City’s Top 25 Accounting Firms Again

For the third consecutive year, the Kansas City Business Journal has listed McRuer CPAS among Kansas City’s 2012 Top 25 List of CPA firms, this year as number 17. We appreciate the recognition, and congratulate the firms we join on this year’s list. We are particularly fortunate to have 11 solid CPAs on our team serving our clients needs in the areas of business planning, wealth accumulation, taxes and accounting.

If we may assist you with planning as this year nears its end, or next year tax with tax planning or compliance, please contact us at 816-741-7882 or visit us online at www.kccpa.com.

09/11/2012

Most Popular Retirement Strategies for the Self-Employed

With high unemployment rates nearly doubling since 2008, the rise of solo-preneurs has also risen more than 6.4 percent with one in ten unemployed people starting their own businesses, according to a USA Today article published Sept. 8, 2009.

More and more baby boomers are electing to work for themselves with the largest group of all being men 55 to 64 years old, according to Ellen Schultz of the Wall Street Journal. 

Schultz says 401(k)s and SEP-IRAs are the best choices for entrepreneurs to save for their retirement. Both retirement tools allow self-employed persons to save income tax-free until withdrawal.

Being able to contribute up to 20 percent of your self-employment earnings – or 25 percent, if your business is incorporated[1], is a huge advantage particular if tax rates rise in the upcoming years. Read more ways to build you retirement nest egg here.

 

 

 

 

 

 

 

 



[1]  SOURCE:  Vanguard Group’s Retail-Investor Unit via John Haywood

Avoid Six Common Mistakes When Filing Your Extended Tax Return

Each year more than 30 percent of Americans request additional time to file from the Internal Revenue Service. However, even though these taxpayers have six additional months to file, they often push the preparation off to the last minute and file returns with one of six commons mistakes, according to Jonnette Marte who blogs for Smart Money.

Are you making any of these six common filing mistakes, including not signing your return or including all the necessary schedules and forms? Here’s a series of IRS videos to help last-minute filers avoid common blunders.

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