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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...
2 min read
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...
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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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Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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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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Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home....
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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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The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re...
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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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With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax...
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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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Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for...