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.

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.

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

Usually, when you take money out of your IRA account before retirement, you would be subject to various penalty or tax. This being an extraordinary year, you may be able to roll over your 2020 IRA distribution to another IRA by August 31 without taking a tax hit. Here is what you need to know.

5 Reasons Why You Should Not Rush For PPP Forgiveness

Congratulations to you that have received the Paycheck Protection Program (PPP) money to tide you over and help you keep your employees. With an understanding of "use it or pay it", and that the clock is ticking, you are probably contemplating applying for forgiveness of this money.

Not so fast! Why? You ask. Here are 5 main reasons you may want to give it more thought.

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.

10 Ways to Increase the Money Your Business Makes & Keeps

Football fans will probably recognize the saying “offense sells tickets; defense wins championships.” In the game of finance, offense is the ability to make more money while defense is all about how money is managed. So the question is, in the game of finance, does offense or defense matter more?

3 Ways to Make the Most of Your Banking Relationships

The COVID-19 pandemic has highlighted the importance of having an established relationship with a lending institution if your business needs a quick infusion of cash. Here are some tips for either establishing a banking relationship if you don't currently have one or expanding an existing relationship you do have: