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Preparing for 2025: How to Build a Bulletproof Financial Plan
As the calendar turns toward a new year, it’s the perfect time to ensure your financial plans are as robust as your ambitions. A well-crafted financial strategy helps you navigate uncertainties, achieve your goals and create long-term stability. Here’s how… Read Now >>
The Benefits of Investing in Series I Bonds During Inflation
September 28, 2022
There are obviously a lot of drawbacks with inflation. It can be a tough time for investors when expenses go up and the value of the dollar essentially goes down. One method the U.S. Treasury Department is battling inflation is… Read Now >>
Does Your State Offer a PTE Tax Election?
September 21, 2022
Recently, we posted an article about pass-through entity (PTE) taxes and how you can use your business entity structure to maximize tax deductions and minimize your business and personal income tax liabilities. Click here to read the full article. States… Read Now >>
Should You Consider a Spousal IRA?
September 14, 2022
Whether you’ve joined the Great Resignation or are just a stay-at-home spouse with no tax-defined income, you can still set up and contribute to a retirement account. Traditional and Roth IRAs offer excellent tax-advantaged savings opportunities as you prepare for… Read Now >>
Understanding Your State’s PTE Tax Rules
September 7, 2022
The Tax Cuts and Jobs Act (TCJA) brought many significant tax law changes. Some were very beneficial to certain individuals and business owners. Other new tax rules were a bit more controversial. Perhaps the least popular change brought by the… Read Now >>
The Four Forces of Cash Flow for a Business Owner
August 24, 2022
One of the best books that business owners should read is “Simple Numbers, Straight Talk, Big Profits!” by Greg Crabtree, CPA. In the book, he outlines the Four Forces of Cash Flow. This is a great cash flow model that… Read Now >>
A Tax-Deductible Cruise to Mexico for a Business Meeting?
August 17, 2022
If you are doing business in Mexico or planning a business meeting down there, one creative method of transportation is taking a cruise. It can be a fun and relaxing way to make your way down south while also offering… Read Now >>
Considering Self-Employment? Here’s What You Need to Know.
August 10, 2022
Are you considering becoming self-employed and taking control of your own destiny? It can offer a great sense of freedom and financial potential if you have a strong foundation for your business. However, there are tax implications you need to… Read Now >>
Cut Employment Taxes with an S-Corp
August 3, 2022
If you are self-employed and finding yourself paying higher taxes, you may be able to save some significant cash by switching your business structure to an S-Corporation. You are likely currently reporting your business on Schedule C of your Form… Read Now >>
Tax Implications of ROBS
July 27, 2022
Some business owners look at a rollover as business startup (ROBS) as a clever way to generate capital for their business while avoiding income tax liabilities on their 401(k) funds they are withdrawing. As with any major financial move, it’s… Read Now >>
6 Mistakes to Avoid When Establishing a ROBS
July 20, 2022
As we continue our series on rollovers as business startups (ROBS), we want to look at some common mistakes you will want to avoid. We’ve covered some pros and cons, the 5 key steps you need to take to establish… Read Now >>
