Taxes

• Tax Planning
  Tracey Childers is founder of Lifestyle Financial Matters. Ms. Childers’ work experience includes business planning, tax planning, retirement planning and financial planning, as well as investment securities. Ms. Childers holds a Bachelor of Science degree in Accounting from The Pennsylvania State University. She is a Certified Financial Planner (CFP®), and Enrolled Agent with the Internal Revenue Service. She holds Series 7, 63 & 65 licenses, and is a Registered Representative of World Capital Brokerage, Inc., a member of the FINRA and SIPC. She is also an Investment Advisor Representative (IAR) of World Capital Advisors, LLC, a Registered Investment Advisor.
• Tax Deductions
  Tax deduction limits must also be taken into consideration. Employer contributions cannot exceed 25% of the total compensation of all eligible employees. For example, a company with only one employee earning $100,000 in 2017 would have a maximum deductible employer contribution of $25,000 (25% of $100,000). However, the employee could also make an $18,000 401(k) contribution to the plan. As a result the total amount credited to his account for the year would be $43,000 (43% of his compensation), and the contributions would meet the 2017 maximum annual limit since total contributions are less than $54,000.
• Income Tax

Investment

• Investment Management

Accounting

• Accounting Services

Planning

• Financial Planning
• Retirement Planning
  Profit sharing plans may also use an age-weighted allocation formula that takes into account each employee's age and compensation. This formula results in a significantly larger allocation of the contribution to eligible employees who are closer to retirement age. Age-weighted profit sharing plans combine the flexibility of a profit sharing plan with the ability of a pension plan to provide benefits in favor of older employees.
• Long Term Care