SECURE Act is changing retirement
This past December, Congress passed a spending bill, The Setting Every Community Up for Retirement Enhancement (SECURE) Act, making big changes to rules for retirement savings plans. The provisions are generally positive for individuals saving for retirement and small businesses alike, but may hurt those who inherit traditional IRA’s. The following are some major points that are likely to affect a large number of our clientele: RMD & IRA Contribution Changes Effective starting in 2020, the SECURE Act has changed the age that account holders must make Required Minimum Distributions (RMDs) from 70.
Read POSTEmploy Your Children, and Save Big
For some parents, the thought of bringing their child to work with them every day may sound less than appealing, but for owners of LLC’s and partnerships, the tax law offers some enticing provisions which makes the prospect of hiring your children a potentially powerful savings tool. Save on Payroll Tax The IRS has stated that payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to employee or employer Social Security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.
Read POSTNow is an opportune time to review your current tax situation
As 2019 comes to a close, now is an opportune time to review the current tax situations for both individuals and businesses alike. It is our goal to ensure that our clients are aware of, and take full advantage of any beneficial tax strategies and opportunities available, and to begin next year’s planning process as well. With so many changes made to tax law with the signing of the Tax Cuts and Jobs Act (TCJA), and with many additional changes undoubtedly on the way, we would like to take this opportunity to keep you up to date on some key considerations we have found to have the largest impact on our clientele:
Read POSTUpdated Move Date!
Office Move Date: Monday, November 11th, 2019 **Note: Our office will be closed on November 11th-12th, and re-open Wednesday, November 13th. New Address: B.A. Harris LLP 1290 W. Myrtle St., Suite 310 Boise, Idaho 83702 Neither our phone number nor email addresses will change. We can still be reached at 208-424-5177. Our new location is at the foot of the I-84 connector into downtown Boise at the new Pioneer Crossing Building.
Read POSTWe are moving!
Dear Valued Clients, We are pleased to share with you, we are moving!! Since we first opened for business in 1998, your loyal support and referrals have helped us grow, and we needed more space to serve you better. We have been looking for a new home and are excited to inform you we found it. November 6, 2019 will be our final day operating at 960 Broadway Avenue. We will open our doors in more spacious and comfortable surroundings on Monday, November 11, 2019.
Read POSTReady to chat?
So are we.
Feel free to contact us with any questions or needs you have. We will get in touch with you right away.
CONTACT USSubscribe to our newsletter, and get periodic updates from our blog as well.