How Do I Start A Business?

So you’ve done your research, you have your business plan and finances figured out. What’s the next step in starting your own business? Next up is choosing a business entity. You have several options to choose from and they include: a sole proprietorship, a limited liability company (LLC), a partnership, or a corporation. The structure… Read More

Welcome Kourtney Krumm

Kourtney Krumm is the newest member of our T.L. Baker Co., LLP team. Kourtney earned her bachelor’s degree from Iowa State University, graduating in May of 2017 with a bachelor’s degree in Accounting and Management with a minor in Agricultural Business. Currently, she is in the process of obtaining her CPA certification. She will spend… Read More

Health Savings Account Limits Increase for 2018

For 2018, the annual limit on deductible contributions is $3,450 for self-only coverage (up from $3,400 in 2017) and $6,900 for family coverage (up from $6,750 in 2017). There is an additional HSA catch-up contribution if age 55 or older of $1,000. The minimum annual deductible for self-only coverage is $1,350 (up from $1,300 in… Read More