K.K. Mehta CPA Associates PLLCK.K. MEHTA CPA ASSOCIATES PLLC. – is a full service tax, accounting...
Transcript of K.K. Mehta CPA Associates PLLCK.K. MEHTA CPA ASSOCIATES PLLC. – is a full service tax, accounting...
Annual gift tax exclusion - $14,000 Unified Credit Exemption - $5,450,000 Gift to non-citizen spouse - $148,000 Highest Estate Tax Bracket - 40%
Traditional and ROTH IRA o contribution limit - $5,500 o Catch-Up for persons 50+ - $1,000
Salary Deferral for 401(k),403(b), 457(b) o Regular - $18,000 o Catch-Up for persons 50+ - $6,000
Maximum annual additions to a Defined Contribution plan - $53,000
Annual Benefit under a Defined Benefit Plan - $210,000
100 Ring Road, Suite 300 (PH), Garden City, NY 11530 Phone: (516) 663-5990, Fax: (516) 663-5996 [email protected], www.kkmehtacpa.com
K.K. Mehta CPA Associates PLLC Certified Public Accountants
K.K. MEHTA CPA ASSOCIATES PLLC
“CUSTOMER SATISFACTION IS OUR BUSINESS..”
Our services include…
Tax Filing – Corporate, Partnership, Individual, Not-for-Profit, Trusts & Estates
Accounting & Auditing Estate Planning Pension & Retirement Planning Representation - Tax Audits Mortgages & Loans Practices/Businesses- Buy & Sell Business & Management
Advisory Services
Social Security Tax is calculated at
6.2% on the first $118,500
Medicare Tax is calculated at 1.45% on the full Salary and additional 0.9% on wages exceeding $200,000
Minimum Wage Rates per Hour - For Federal - $7.25 - For New York - $9.00 - For New Jersey - $8.38 - For Connecticut - $9.60
If you have 5 or more employees working for 80+ hours a calendar year, you need to provide “Paid sick leave” to your employees for up to 40 Hours
100 Ring Road, Suite 300 (PH) Garden City, NY 11530 Phone: (516) 663-5990 Fax: (516) 663-5996 [email protected] www.kkmehtacpa.com
Krishna K. Mehta, CPA Ravi Badlani, CPA Praveen Gajaria, CPA Manish Majithia, CPA Nuruddin Pethani, CPA Disclaimer: Any accounting, business or tax advice contained in
this communication is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis.
K.K. MEHTA CPA ASSOCIATES PLLC.
– is a full service tax, accounting and consulting
firm serving the New York Metropolitan region
since 1978.
We are one of the largest accountants in the
PHYSICIANS, HEALTHCARE and HOSPITALITY
industry (solo as well as group practices) for over
35Years
Our firm strives hard to look for strategies and
techniques to minimize your taxes and assist you
in growing your business.