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Don’t have a tax-favored retirement plan? Set one up now
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
We have prepared a selection of frequently asked questions.
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If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
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If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum...
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Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
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Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In...
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Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
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Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the...
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If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a...
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If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still...
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When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need...
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The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped...
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Meet Alex, a high-level executive who's accumulated a significant amount of low-basis stock in his company. Alex is keen to diversify this...
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No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According to the...
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The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead...