401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000
Nov07

401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.  The IRS today issued technical guidance detailing these items in Notice 2018-83.   Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is...

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You Can Account On Us For Your Tax Or Accounting Need.
May20

You Can Account On Us For Your Tax Or Accounting Need.

Account On Us caters to the small and not so small business needs. Start your business and get off on the right foot. We can handle all paperwork and filing of new corporations, LLC’s, S corporations and partnerships. If you have a personal tax or accounting need, contact us to assist you in the right direction. Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax...

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What Is Account On Us.
Apr27

What Is Account On Us.

Our business bookkeeping service staff members have more than 71 years combined experience in the preparation of federal and state tax returns. In addition to federal taxes, we can file taxes in all 50 states and U.S. held territories, as well as nonresident returns. If you have a tax issue we have the education, expertise and IRS designation to act on your behalf with your consent, easing the frustration of representing yourself. We...

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Happy Saint Patrick’s Day
Mar15

Happy Saint Patrick’s Day

St. Patrick’s Day is coming, and you might think it’s a joke. But we are sure you like to get your hands on one of the little Irish folk. For they say in good old Ireland if a Leprechaun you hold. You’ll go to the end of the rainbow to his treasure pot of gold. Even if you don’t get his pot of gold stop in and see Account On Us and we will do our best to keep your pot of gold from getting smaller. Account on...

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Taxpayers Must Validate Identity When Calling the IRS.
Feb15

Taxpayers Must Validate Identity When Calling the IRS.

The Internal Revenue Service today reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS. This is part of the agency’s efforts to keep taxpayer data secure from identity thieves. Days before and after Presidents Day mark the peak period for taxpayer phone calls to the IRS. To avoid the rush, callers should be prepared to verify their identities if they need to call the agency....

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IRS, Partners Across the Nation Mark Today’s EITC Awareness Day; Taxpayers May Qualify for Significant Tax Benefit
Jan27

IRS, Partners Across the Nation Mark Today’s EITC Awareness Day; Taxpayers May Qualify for Significant Tax Benefit

The Internal Revenue Service and its partners across the country remind taxpayers about the Earned Income Tax Credit (EITC) on EITC Awareness Day. Today marks the 12th year of this awareness campaign to alert millions of low- and moderate-income workers who may be missing out on this significant tax credit. There are more than 250 total outreach events and activities scheduled to promote EITC Awareness around the country. Millions of...

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