Last week I wrote about how a Solo 401(k) Could Be Your Best Retirement Plan Option. When it comes to picking a retirement plan, you have many choices. If you have no employees in your business, none of the choices are bad. Let’s start there and...
Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could easily be avoided. So consider setting up a plan...
One of the advantages of operating a business as a partnership is the right to make special allocations of tax items among the partners. You have the same opportunity if you run your business as an LLC that’s treated as a partnership for federal tax...
Now that the CARES Act and the Families First Coronavirus Response Act have been passed, I wanted to give you a quick overview of the opportunities available to you, and to all small business owners: 1. Low-interest business loans and potential loan forgiveness available The primary way...