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I want to make mention that the maximum

social security wage amount for 2015 is

$118,500. What this means is that if you

have W-2 wages of $100,000 through the

university, youwould only pay social security

tax on $18,500 of your schedule C business

net income. In other words, the income

used to calculate your SEP contribution

amount would be higher because the self-

employment tax would be lower.

My suggestion would be to open the

SEP IRA account by December 31st

but wait to contribute to it until your

2015 taxes are completed so you

have the final net income amounts

with which to contribute properly.

Also watch my video on this topic.


| AUGUST 2015 |

Core Business Strategies

Tina L. Moe, C.P.A., CGMA, formed A.C.T. Services in 2002,

and began building her business. Her practice has grown to a

clientele more than 1,200 clients and a team of more than a

dozen staff members.

Tina attributes her business growth to being proactive with

her clients, maintaining affordability and accessibility of the

business owner herself.

Tina is a member of the American Institute of Certified Public

Accountants (AICPA) and the Indiana CPA Society. Contact her


and on