The Lowdown on 401(k) Plan Catch-Up Contributions
Here are the contribution rules for 401(k) plans, plus some details about new proposed regulations issued by the IRS.
KWC specializes in providing tax, audit, accounting, business consulting services and client advisory services (including outsourced accounting, virtual CFO services, internal control analysis, accounting systems analysis and design) for businesses, individuals, estates, trusts, non-profit organizations, and employee benefit plans. Our diverse client base served includes industries such as professional service firms, government contractors, non-profits, real estate, construction and specialty contractors, and healthcare providers. KWC is the CPA firm clients trust in Alexandria, Arlington, Fairfax, Tysons Corner, Springfield, Arlington, the Richmond Metropolitan Area, Northern Virginia, Washington, D.C. and Maryland.
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The Lowdown on 401(k) Plan Catch-Up Contributions
How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a bigger home, cover emergency expenses or pay for their children's education. But time flies, leaving many retirees "financially fragile." In fact, only half of today's...
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth individuals. Here's a look at 10 tax myths that, if left unchecked, may limit tax breaks and...
Treasury Ends the Enforcement of Beneficial Ownership Information Reporting for Certain U.S. Citizens and Domestic Companies
The Treasury Department announced on March 2, 2025, that it won’t enforce penalties or fines relating to Beneficial Ownership Information (“BOI”) reporting under existing regulatory requirements. For US citizens or domestic reporting companies or their beneficial...