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Tag: retirement

  • Putting Together the Succession Planning and Retirement Planning Puzzle

    Putting Together the Succession Planning and Retirement Planning Puzzle

    Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must save for your golden years while also creating, updating and eventually executing a succession plan. This is no easy task, but you can put the puzzle pieces together by answering some fundamental questions: When do…

  • You May Have to Pay Tax on Social Security Benefits

    You May Have to Pay Tax on Social Security Benefits

    During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting close to retirement age, you may be wondering if your…

  • Grading the Performance of Your Company’s Retirement Plan

    Grading the Performance of Your Company’s Retirement Plan

    Imagine giving your company’s retirement plan a report card. Would it earn straight A’s in preparing your participants for their golden years? Or is it more of a C student who could really use some extra help after school? Benchmarking can tell you. Mind the basics More than likely, you already use certain criteria to…

  • Hire Your Children This Summer: Everyone Wins

    Hire Your Children This Summer: Everyone Wins

    If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll…

  • Are Your Employees Ignoring Their 401(k)s?

    Are Your Employees Ignoring Their 401(k)s?

    For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it. It’s in your best interest as a business owner to buck this trend. Keeping your employees engaged with their…

  • 2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

    2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

    Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so additional deadlines may apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. October 15  If a…

  • Individual Tax Calendar: Important Deadlines for the Remainder of 2018

    Individual Tax Calendar: Important Deadlines for the Remainder of 2018

    While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, you also need to be aware of others through the rest of the year. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at when some key tax-related forms, payments and other…

  • Two Tax Credits Just for Small Businesses May Reduce Your 2017 and 2018 Tax Bills

    Two Tax Credits Just for Small Businesses May Reduce Your 2017 and 2018 Tax Bills

    Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Two still-available tax credits are especially for small businesses…