Team member spotlight: Kevin Coyne

Team member spotlight: Kevin Coyne

Today we want to introduce Kevin Coyne, a Tax and Accounting Specialist, that has joined our team. Kevin is an Enrolled Agent and will be helping our clients with accounting and taxes.  Why did you decide to become an accountant?   I like the diversity of the clients I get to work with, getting to see a cross section of different industries and clients. When were you hired for TL;DR?   Mid coronavirus pandemic, 2020. What made you decide to want to work for TL;DR?   I wanted to join a team that was dedicated to doing right by their clients, and…
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What are Self-Employment(SE) Taxes?

What are Self-Employment(SE) Taxes?

https://youtu.be/StEiHsOdknM What Are Self-Employment (SE) Taxes? For the sake of argument, let’s say you’re an employee. Since 1990, 7.65% of your paycheck has been sucked into the government’s coffers before you even saw it. Your employer has been doing the exact same amount in tandem by paying 7.65% of your paycheck to the government in payroll taxes for each of their employees. By now you’ve probably done the math: 15.3% of every employee’s paycheck goes to the government right away (up to the annual Social Security cap at least, which in 2019 is $132,900). If you want to get technical,…
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SEP-IRA Contributions: Everything You Need to Know

SEP-IRA Contributions: Everything You Need to Know

https://youtu.be/Xjew60bp-9Y Have you established a SEP-IRA and are wondering if you’re doing it right? Or perhaps you’re considering establishing a SEP-IRA for you and your employees. Or maybe you’ve never heard of it or otherwise don’t know what a SEP-IRA is. Don’t worry, we’ve got you covered. What Is a SEP-IRA? Let’s start by spelling out the cumbersome acronym: SEP-IRA stands for Simplified Employee Pension - Individual Retirement Account. You’ve probably heard of IRAs before, but even if you haven’t, here are some basic facts about IRAs and SEP-IRAs: First, let’s talk about the two different types of IRAs and…
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