contributions

Timing Rules for SEPs and SIMPLE-IRAs Part I

For the most part, SEPs (Simplified Employee Pensions) and SIMPLE (Savings Incentive Match Plan for Employees)-IRAs live up to their billing as easy ways to set aside tax-favored retirement funds for employees and employers. However, contribution rules for these plans … read more

Are You Considering Converting Your IRA to a Roth IRA in 2011?

What if you have a chance to pay taxes now in order to receive future tax free treatment on the earnings of those monies, would you convert?  It would certainly depend on a number of factors.  What if you could … read more

401k Contribution Deadline for Small Business Owners

When the Department of Labor (DOL) has jurisdictional authority over a 401(k) plan, salary deferrals should be separated from the employer’s assets and deposited in trust as soon as administratively feasible.  For plans with fewer than 100 participants, the DOL … read more

Section 529 Plans

Since my nieces have a household of toys and their mother dresses them differently than I would, I generally write checks for Christmas and birthday gifts.  This year, I am going to begin funding 529 plans for the girls.  A … read more


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There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.


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