At LBF Group, it is our mission to build long-term, trusted client relationships. Combining our team’s accounting and technical expertise with our dedicated focus on each client’s individual needs, we strive to serve as a year-round partner—ensuring that clients stay on a healthy financial path and achieve their goals. We are also committed to investing in professional continuing education and state-of-the-art technology to achieve our core mission of providing the richest client experience possible.
401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.
The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments...
As the end of the year approaches, we’d like to remind our clients that it’s the perfect time to start tax planning and see how the past year’s tax reforms have impacted your personal financial situation. It is crucial to review your tax returns to plan for any changes that may affect you in 2020. We recommend examining the following topics to see if they apply to...
With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams.
Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related to tax issues. The other threatens taxpayers with a tax bill from a fictional government agency. Here are some details about these scams to...
