Have you taken the time to check your income tax withholding for 2011? Although there were no major changes in tax rates or deductions for this yea, there are still several reasons why you might want to adjust your withholding. For example, maybe you’ve bought a house for the first time. Did you know that […]
Read MoreChanging Jobs? What to do with your 401(k) savings…
If you change jobs, you may have an important decision to make – what to do with your 401(k) plan. You’ll have several choices. Unfortunately, the easiest choice is the worst choice: that is, to take a distribution from the old plan and put it in the bank. It may be tempting, because who couldn’t […]
Read MoreLook into the benefits of a solo 401(k)
Have you heard about solo 401(k) plans? The traditional type of 401(k) retirement plan is now available for self-employed individuals. And it lets you save more than other types of plans. In the past, 401(k) plans were typically offered by larger corporations. Employees could make pre-tax contributions by payroll deduction. The company would then usually […]
Read MoreA critical business question: Should you incorporate or not?
One of the first decisions you face as a new business owner is whether or not to incorporate your business. The biggest advantage of incorporating is limitation of your liability. The responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. Your personal assets are not […]
Read MoreSummertime Tax Tips
Summertime fun can be made even more enjoyable by adding tax savings. Here are some tax-saving ideas to consider: * If you have summer travel plans and the primary purpose of your trip is business, you can deduct all the travel costs to and from your business destination and all other business-related costs even if […]
Read MoreObama proposes temporary cuts in payroll taxes
Read the whole article on Bloomberg here: Payroll-Tax Break Said to Be Discussed by Obama Aides Amid Slowing Economy
Read More
