On October 23, 2014, the IRS announced Cost of Living Adjustments (COLA) related to retirement plans effective January 1, 2015. Highlights include: Qualified Plan Compensation Limit $265,000.00 Profit Sharing Plan Maximum Plan Contribution Limit $53,000.00 401(k) Maximum Elective Deferral* $18,000.00 Catch-Up Contribution Limit 401(k)* $6,000.00 for participants 50 years old or older during 2014 Wage Base For Social Security $118,500.00 For more information...
Integra International recently celebrated its 20th Anniversary at the Annual World Wide Conference in Vienna, Austria. Over 160 people from around the globe, including Mark Fiato, Partner at Caras & Shulman, PC, were in attendance. Caras & Shulman, PC has been a member of Integra International® since June 1996. About Integra Integra International is an interactive global association of local independent Accounting and Consulting firms dedicated to exchanging information and advising...
Caras & Shulman, PC has recently promoted Rachael Hylan, CPA, MPAc to Tax Supervisor. Rachael will be responsible for preparing and reviewing a variety of tax returns, assisting in tax planning and estimations, and responding to notices and law changes for Caras & Shulman's closely held businesses and high-net-worth individuals, as well as mentoring others in the firm.
Caras & Shulman, PC is pleased to announce the following staff member promotions: Angela M. Marks, CPA, QKA, QPA, has been promoted to Retirement Administration Manager. Her responsibilities include developing custom-designed retirement plans to help Caras & Shulman, PC clientele meet their long-term goals, as well as, providing ongoing third party administration services for retirement plans. She is actively involved with the annual IRS required compliance testing and asset...
On October 1, 2014 Caras & Shulman, PC will be participating in the Bentley University Fall 2014 Career Fair. The event will be held in the Dana Center on Bentley’s lower campus from 1-4:30pm. For more information about Bentley University, please visit: http://www.bentley.edu. On October 2, 2014 Caras & Shulman, PC will be participating in the 2014 MSCPA Career Fair/Graduate School Expo. The event will be held at the Sheraton Hotel, 39 Dalton Street, Boston, MA from 1:30-4pm. For more...
We don't want you to be the next victim of the recent surge in phone scams by individuals claiming to be calling from the IRS. To date, more than 90,000 complaints have been reported to the Treasury Inspector General for Tax Administration and its estimated that $5 million has been lost from these scams. The IRS has provided some helpful information about its contact with taxpayers as well as characteristics of these scams. From the IRS's website: It is important for taxpayers to know that the...
Caras & Shulman, PC recently hosted the 22nd Integra International AAA Conference in Boston. The conference brought together more than 120 attendees representing over 40 firms from the Americas, Asia, Australia, and Europe. Integra International is an interactive global association of local independent Accounting and Consulting firms dedicated to exchanging information and advising growing businesses and professionals. Caras & Shulman has been a member firm since June 1996. The...
We are pleased to announce the release of our new website, designed with a fresh new look and user-friendly navigation, and updated with the latest information about our team and services. You will now have access to our newsletter containing articles and advice on everything from trusts to taxes, as well as instructions and a link to our newly implemented client portal which allows you 24/7/365 secure access to all of your important financial documents. The partners and team at Caras &...
