Regardless of the industry you're in, every business needs a way for customers to contact them. With an office of one, you may be able to get away with using just your local number, but as your business grows it's likely that your local number will no longer cut it and it will make sense to get an 800 number.
Yet there's a limit to how much you can put into an IRA every year. The limit on traditional IRA contributions for the 2018 tax year will be $5,500 for those younger than age 50, and $6,500 for those who are 50 or older. That's the same limit that's been in place for five years. If you make less than that amount from earned income from a job or self-employment, then your contribution is limited to your earned income.
Because $186,000 is the midpoint between $183,000 and $193,000, and the 2015 Roth IRA contribution limit phases out on a percentage basis related to where your income falls within that range. So if your maximum contribution limit is $5,500 at $183,000 in earned income, it's $2,750 at $188,000 in earned income.owever, you CAN make non-tax deductible contributions to your Traditional IRA. So you do exactly that, making a $5,500 non-deductible Traditional IRA contribution. Now, since there are no income limits on Roth IRA conversions in 2015, you're eligible to convert your Traditional IRA to a Roth IRA.