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Travis Raml, CPA & Associates, LLC
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Hot off the press! Daily Guide for Growth, Profits, & Wealth is out! https://goo.gl/nsNGZi
In an opinion piece written for the New York Times, financial reporter and biographer David Cay Johnston laid out a path for the state of New York to gain access to President Donald Trump’s federal …
https://goo.gl/nsNGZi
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA
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A happily ever after retirement requires a real plan. Here are some of the (tough) questions your retirement planner should be asking you in order to make that plan. If you’re having minor ch…

As we're seeing more and more, baby boomers are entering (or already there) retirement age drastically underprepared and underfunded for retirement. This is a must not miss wake-up call for younger generations to get on the ball and make effective retirement planning and sufficient contributions a priority. Our integrated tax, business and retirement planning system is designed to help taxpayers (especially business owners) to be properly prepared with goals and plans that are achievable and provide sufficiently throughout retirement. Additionally, for those boomers who find themselves on the wrong side of the equation, all is not lost by any means, though time is of the essence......and most of all, WE CAN HELP!!

@ramlcpa⠀⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #growthprofitswealth #401k #retirementsavings #retirement #situations #retirementaccounts #IRA #ROTH
#401k #IRA #retirementplanning #retirementsavings #definedbenefitplan #investing #wealthplanning #wealthmanagement #estateplanning #wealthtransfer #smallbusinesses #smallbusinessowners #entrepreneurs #localbusinesses #generationx #millenials #generationz

https://goo.gl/Dt8swj
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA
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Five ways physicians can build wealth - Preserve earnings, bolster tax savings and better plan for the future.

A concise list of retirement tools (income reduction = tax savings) that can be used, and should be used by most physicians (and business owners in general) especially as they progress. Item 1) Cash Balance Plan are more commonly referred to as defined benefit plans that practice owners can participate in which also include a 401K component. The power of DB plans is while most business owners are limited to aggregate annual retirement contributions of $55,000 (or $61,000 after age 50) for 2018 when using a 401K or SEP IRA, the addition of a DB plan can allow for contributions in excess of $200,000 with sufficient business income and other underlying factors.


https://goo.gl/3TodZa
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA


@ramlcpa⠀⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #TCJA
#CFO #businessadvisor #retirement #situations #retirementaccounts #retirementsavings #401k #IRA #retirementplanning#retirementsavings #definedbenefitplan #HSA
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Tax Credit for Buying Tesla Cars to be Cut from $7,500 to $3,750

An incentive for people to buy a new Tesla electric car will start to fade next year, after Tesla hit a U.S. sales milestone that triggered the progressive demise of a federal tax credit.

https://goo.gl/okVheu
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA


@ramlcpa⠀⠀⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #TCJA
#tesla #taxcredit #electricars #federaltaxcredit
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10 Things to Do Before Hiring Your First Employee
July 03-Several years ago, my husband and I hired our first employee - a massage therapist for his chiropractic practice. We'd worked with independent contractors, but this was a major milestone, as it is for most business owners. Hiring

https://goo.gl/iSpFCo
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA


@ramlcpa⠀⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #TCJA
#SocialSecurity #business #businesses #regulation #employment #workplace #contractor #protections #employee #overtime
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IRS Summer Time TAx Tips Jobs, Marriages, Deductions, and more!

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#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #TCJA #SummerWork #SummerJob #SocialSecurity #SelfEmployed #contractor #employers #Medicare #contractors #WorkingParents #Childcare #daycamp #Aftercare #Dependents #Credits #SocialSecurityAdministration #SocialSecurity #retirement #taxpayers #Newlyweds #SocialSecurityAdministration #TaxTime

Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers ...

https://goo.gl/kmD9YY
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA
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If your employees pay for some business expenses, they’re going to be in for a big surprise when they file their 2018 returns in 2019. They won’t be able to deduct anything. The reason: The Tax Cuts …

https://goo.gl/v2nWXy
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA

@ramlcpa
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #RetirementPlan #EmployeeBenefits #advisors #reimbursement #PartTime #SocialSecurity #IncomeTaxes #consultant #engineer #engineers #contractors #contractor #consultants #Medicare #FICA #independentcontractors #independentcontractor
#TaxCut #TaxCuts
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Preparers share their initial problems with the TCJA
Tax pros discuss the issues they're finding as the consequences of tax reform become clearer.

https://goo.gl/JdfUK1

Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA

@ramlcpa
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth #TCJA
#TaxCut #TaxCuts #businesses #Taxes #TaxReturn #TaxReturns #ContinuingEducation #taxlaw #taxstrategy #Wealth #taxAdvocates #taxtips #taxstrategies
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Decent starter article regarding summer jobs for kids and some tax considerations

However, really the big news is the win for kids with summer jobs thanks to the tax reform law. ( #TCJA )
Starting in 2018 children who would have been considered dependents in previous tax years and receive a W2
a paycheck can now earn nearly twice as much without paying $1 in Federal income taxes. This is due to the
income (tax) threshold increasing to $12,000 in 2018 from $6350 in 2017 for dependent children in this
situation.

State taxes may very well apply on this additional income, regardless this is a great side benefit for many kids
and young adults in high school, and college. It also is a tax, estate, and wealth management opportunity
for parents or small business owners with children that work for them during the summer or throughout the
year............hint, hint.

@ramlcpa⠀⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth
#smallbusinesses #smallbusinessowners #entrepreneurs #localbusinesses #TCJA #SummerJobs
#taxfree #student #children #kids #parents #taxrefund

ramlcpa.link/forbe5045e
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA
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A new study from the American Enterprise Institute suggests that more Americans will choose the standard deduction on next year’s tax returns—taking away motivation for some to donate to nonprofits.

https://goo.gl/goyqeu
Travis Raml, CPA & Associates, LLC - Columbia Maryland CPA

@ramlcpa⠀
#ramlcpa #taxprofessional #taxadvisor #taxpreparer #taxplanning #taxreform #growthprofitswealth
#JobsAct #TaxCuts #TaxReform #Taxlaw #CharitableGiving #donations #taxdeductions #CharitableDonations #TaxCode #TaxCredits #donate
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