Kempercpa.com

Is an HSA Right for You

WebTo help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay …

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URL: https://www.kempercpa.com/news/is-an-hsa-right-for-you

Health Savings Accounts (HSAs) Are Tax-advantaged Savings …

WebHealth Savings Accounts (HSAs) are tax-advantaged savings accounts funded with pretax dollars. Funds can be withdrawn tax-free to pay for qualified medical expenses. An HSA …

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2021 Amounts for Health Savings Accounts Kemper CPA

WebThe IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA Basics An HSA is a trust created or organized exclusively for the purpose …

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Inflation Enhances The 2023 Amounts For Health Savings Accounts

WebThe IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts …

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The IRS Clarifies What Counts as Qualified Medical Expenses

WebThe answers to the IRS FAQs clarify the following points, starting with the ones we think are most interesting. As a general rule, the costs of over-the-counter (non-prescription) drugs …

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Setting Up a Health Savings Account Kemper CPA

WebGiven the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health …

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What’s the difference between a plan document and an SPD

WebThe plan document also guides the plan sponsor and plan administrator in making decisions and executing their responsibilities. SPDs. ERISA also requires employee benefit plans …

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2024 Limits and Thresholds for Qualified Retirement Plans

WebThe annual limit on the maximum compensation that can be taken into account for certain retirement plan contributions and deductions will rise to $345,000 (up from $330,000). …

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About Us Kemper CPA

WebWith more than 350 highly-skilled partners and staff in 27 offices throughout Indiana, Illinois, Kentucky, and California, Kemper CPA Group offers accounting, auditing, and consulting …

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Healthcare Consulting & Management Kemper CPA

WebWe assist independent physicians, physician groups, and other health care providers in maximizing reimbursement, cost containment, financial and management reporting, …

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When Can Seniors Deduct Medicare Premiums on Their Tax Returns

WebFor 2023, you can deduct medical expenses only if you itemize deductions and only to the extent that total qualifying expenses exceed 7.5% of adjusted gross income. The Tax …

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Stacey Mette Kemper CPA

WebStacey passed the CPA exam in June 2007 and received her Illinois certificate on November 27, 2007. In May 2006, Stacey started her full-time position with the Effingham office of …

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Filing Jointly or Separately as a Married Couple: What’s the …

WebSocial Security benefits. Social Security benefits may be taxed more when married couples file separately. Benefits are tax-free if your “provisional income” (AGI with certain …

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11 Exceptions to the 10% Penalty Tax on Early IRA Withdrawals

WebUnless one of these 11 exceptions applies, there will be a 10% early withdrawal penalty tax on the taxable portion of a traditional IRA withdrawal taken before age 59½. Substantially …

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The New Form 1099-NEC And The Revised 1099-MISC Kemper CPA

WebThe requirement begins with forms for tax year 2020. Payers must complete Form 1099-NEC, “Nonemployee Compensation,” to report any payment of $600 or more to a …

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Wellness Programs are Subject to Many Federal Laws

WebAt the beginning of the year, many people make resolutions about improving their physical fitness and overall well-being. Employers may seek to give these goals a boost in the …

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Kemper Welcomes Karen L. Schenk & Associates LLC! Kemper CPA

WebNovember 1, 2018. Kemper CPA Group LLP is pleased to announce a merger with Karen L. Schenk & Associates LLC, effective November 1, 2018. Schenk and her team of …

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Forensic Accounting Kemper CPA

WebForensic accounting and CFE services are used for a number of business purposes such as shareholder and owner dispute resolution, merger and acquisition due diligence, …

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