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Monthly Archives: October 2017

Role of estate taxes in succession planning

October 17, 2017

By Martha Sullivan, CPA, CVA/ABV, CM&AA, CEPA Partner, Succession Planning Practice Leader Martha leads HK’s succession and exit planning services division and is a regular contributor to Wisconsin’s InBusiness digital magazine. Estate taxes often come up when talking with business owners and other clients as they think about retirement and leaving the business. The sale of

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IRS announces 2018 pension and other COLAs

October 20, 2017

The IRS has announced updated limits for benefits and contributions for qualified retirement plans and more for 2018. Here are the highlights: 401(k) contribution limit increases to $18,500 (up from $18,000) Annual additions to defined contribution plans increase by $1,000 to $55,000 Catch-up contributions (for those age 50 and over) remains unchanged at $6,000 Voluntary

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