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

Health Reimbursement Accounts for Small Employers

Health Reimbursement Accounts (HRA’s) are back after the signing of the 21st Century Cure Act, effective January 1, 2017. There are new rules (of course!) that come right along with them for 2017 (as well as some transitional relief for the remainder of 2016). Just a bit of background: health reimbursement accounts can be setup… Read More