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14
MAR
2022
Establish a tax-favored retirement plan

Establish a tax-favored retirement plan

If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, if you’re self-employed and set up a SEP-IRA, you can contribute up to 20% of your...
23
FEB
2022
Should your business address retirement plan leakage?

Should your business address retirement plan leakage?

Under just about any circumstances, the word “leakage” has negative connotations. And so it follows that this indeed holds true for retirement planning as well. In this context, leakage refers to early, pre-retirement withdrawals from an account. Now, as a business owner who...
17
JAN
2022
Numerous tax limits affecting businesses have increased for 2022

Numerous tax limits affecting businesses have increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of an employee’s earnings that is subject to Social...
02
NOV
2021
Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.

Factor in taxes if you’re relocating to another state in retirement

Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
07
JUL
2021
If your business sponsors a 401(k), you and your participants will be happy to learn that the IRS has extended relief from the “physical presence” requirement related to plan signatures. Details here.

IRS extends administrative relief for 401(k) plans

If your business sponsors a 401(k), you and your participants will be happy to learn that the IRS has extended relief from the “physical presence” requirement related to plan signatures. Details here.
29
JUN
2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.

Are you a nonworking spouse? You may still be able to contribute to an IRA

Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
08
JUN
2021
Tax planning is still important after you retire. Here are some of the tax implications of retirement.

Retiring soon? 4 tax issues you may face

Tax planning is still important after you retire. Here are some of the tax implications of retirement.
12
APR
2021
Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.

Simple retirement savings options for your small business

Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.
02
MAR
2021
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.

Retiring soon? Recent law changes may have an impact on your retirement savings

Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
25
FEB
2021
Some businesses eventually opt to take their 401(k) plans to the next level by offering designated Roth contributions. However, this isn’t a decision to take lightly.

Should your business add Roth contributions to its 401(k)?

Some businesses eventually opt to take their 401(k) plans to the next level by offering designated Roth contributions. However, this isn’t a decision to take lightly.
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