In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth...
Dispelling 10 Federal Tax Myths and Misconceptions
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Driving the Value of a Business
In today's environment, it's important for business owners to focus on the value of their company and what drives it. For asset-based businesses, such as real estate or...
6 Ways to Address Future Health Care Costs
How much money will you need to set aside to cover your out-of-pocket health care costs in retirement? Probably more than you think. According to a recent report by Fidelity...
Are All of Your Customers Profitable for Your Business?
Every business needs customers to survive. Owners typically spend a lot of time and energy trying to attract customers to their businesses and then keep them. They rarely asking...
Insights Into Small Business Bankruptcies
Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024 (the latest available statistics at this writing), formal bankruptcy filings...
Early Retirement: Making the Dream a Reality
Traditionally, many Americans have viewed 65 as a target retirement age. However, there's usually no legal requirement that you retire when you turn 65. Most Americans are free...
Breaking the Nest Egg: Tread Carefully with Early Retirement Plan Withdrawals
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they're structured with both carrots...
New for 2024: Matching Contributions for Employee Student Loan Payments
Participants in eligible employer retirement plans, such as 401(k) plans, can choose to make salary-reduction contributions to their accounts. These salary deferrals, as the IRS...
IRS Issues New Final Regs on RMDs
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified plans and traditional IRAs. The much-anticipated final regs provide guidance...
Use Overtime Prudently or You’ll Incur Major Risks
When companies depend on overtime to meet productivity goals, they can't ignore or minimize the stress and disruptions it causes in their workers' lives. The risks -- especially...