What to Do about a Retirement Plan for Your Business?

The following article was published by the SBA. According to the Census Bureau, only 45 percent of workers at companies with 1 to 49 employees had access to a retirement plan. This percentage jumped to 76 percent at companies with 50 to 99 employees, and to 90 percent for companies with 100 or more employees. …

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Facts to Help Taxpayers Understand Individual Retirement Arrangements

The following article was published by the IRS. Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA with a: bank or other financial institution life insurance company mutual fund stockbroker Here are …

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Credit Inquiries: What You Should Know About Hard and Soft Pulls

The following article was published by the SBA. Did you know every time someone, including you, reviews your credit report, a credit inquiry is added to your report instantly? A credit inquiry is a request that’s made by a “legitimate business” to check credit report information on an individual from a credit reporting agency. There …

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Tax Planning Strategies 2018 (AND 2019) Year End Tax Planning Strategies

Learn the difference between tax preparation and tax planning. Find out what steps you or your business should take before year end - and what actions you can actually take after Dec. 31, 2018 that will still count for your 2018 taxes.

Retirees with Pension Income Should Do a Paycheck Checkup ASAP

The following article was published by the IRS. Retirees should do a Paycheck Checkup to make sure they are paying enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted in December 2017, changed the way tax is calculated for most taxpayers, including retirees. Because …

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