What are the retirement plan options for highly profitable small business owners who want to, and are able to, contribute more than the $57,000 upper limit for SEPs or 401(k)? We are continuing the series with a new twist of a traditional tool.
Video - 2020 Election Brace for Tax Changes
2020 Election : Brace For Higher Taxes
Video - Best Tax-Deferred Retirement Plan Options - Part 1
Part 1 - Best Tax-Deferred Retirement Plan Options
One key to your financial independence is saving for your retirement in a tax-deferred and therefore tax-advantaged plan, whether you are self-employed, running a small business, or just freelancing for extra cash. What’s the best one for your unique situation? In part one of our best retirement options we recount a few most commonly seen scenarios to help you navigate this important decision.
6 Things to Consider for Your Midyear Financial Review
PPP Loan Forgiveness Tool by AICPA and CPA.com
The American Institute of CPAs and its business and technology arm, CPA.com, have released a Paycheck Protection Program (PPP) loan forgiveness platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who have received funds from the PPP.
Save Taxes Under CARES Act!
Video - Selecting a Trusted Advisor
7-Point Checklist for Selecting A Trusted Advisor
What makes a good advisor? For any entrepreneurial effort, building a home, starting a business, saving for retirement, one cannot do it alone, at least not as well as if you have a trusted and expert team around you. The team can be your family and/or your friends, or the team is comprised of specialist or expert in the area that you are not well-versed in. For you to succeed, having those who want you to succeed is important.
August 31 is the New Deadline to Avoid Distribution Tax Hit
Debt Forgiveness May Qualify for a Tax Break
To Convert or Not Convert
Do You Know Why Succession Planning is Essential?
Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One
Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with a strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.