Retirement hits a little differently for business owners. Unlike traditional employees, your exit isn’t marked by a clean handoff or a gold watch—it … Read more about 9 Smart Financial Decisions for Business Owners in Retirement
Becoming Penniless: What Does this Mean for Your Business?
Becoming penniless doesn’t always mean becoming poor; here signifies operating without pennies. The Treasury announced that it had placed its last … Read more about Becoming Penniless: What Does this Mean for Your Business?
New Business or Project Crowdfunding: What To Know
If you’re launching a new business or developing a new project for an existing business, you probably need money to do it right. Instead of using … Read more about New Business or Project Crowdfunding: What To Know
What to Do When You Can’t Get Approved for a Business Loan
Obtaining funding often feels like a significant milestone for small business owners. But when loan applications hit a wall, reality sets in fast. … Read more about What to Do When You Can’t Get Approved for a Business Loan
Financial Literacy: What Owners and Employees Need to Know
April is National Financial Literacy Month. According to the Office of the Comptroller of the Currency (OCC), “’Financial literacy’ describes the … Read more about Financial Literacy: What Owners and Employees Need to Know
Tariffs, Recession, and Other Uncomfortable Topics for Small Business Owners
The expression “may you live in interesting times” can be interpreted as a blessing or a curse. It certainly reflects uncertainty. We are surely in a … Read more about Tariffs, Recession, and Other Uncomfortable Topics for Small Business Owners
Don’t Take Tax Advice from…
Several years ago, I was at a restaurant and a party of four at the next table were discussing IRA rollovers. I couldn’t help but overhear their … Read more about Don’t Take Tax Advice from…
SIMPLE IRAs Are Not So Simple in 2025
A Savings Incentive Match Plan for Employees (SIMPLE) IRA plan is a cost-effective way for a small business to offer a meaningful retirement savings … Read more about SIMPLE IRAs Are Not So Simple in 2025
Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
Changes in 2025 and 2026 for Your Qualified Retirement Plan
“Any change, even a change for the better, is always accompanied by drawbacks and discomforts.” — Arnold Bennett, English author If you have a … Read more about Changes in 2025 and 2026 for Your Qualified Retirement Plan
Up in Smoke: Dreams of Small Business Owners Lost in the California Wildfires
I was a little hesitant to write about this event while embers are still smoldering, but I concluded that there’s much to be said and done about this … Read more about Up in Smoke: Dreams of Small Business Owners Lost in the California Wildfires
Age Matters in Your Employee Benefit Plans in 2025
It’s axiomatic that businesses can’t discriminate on the basis of age when it comes to hiring, promotion, etc. A federal law—Age Discrimination in … Read more about Age Matters in Your Employee Benefit Plans in 2025
12 Tax-Related Questions About a Company Vehicle
Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2021 (the … Read more about 12 Tax-Related Questions About a Company Vehicle
Offering Gift Cards in Your Business: What to Know
The National Retail Federation predicts that gift card sales—a popular holiday purchase—could reach $28 billion this holiday season. “The average … Read more about Offering Gift Cards in Your Business: What to Know
What’s New Taxwise for Retirement Plans in 2025
Retirement plans are an important way to help employees build financial security. There is great flexibility for employers in choosing the plan best … Read more about What’s New Taxwise for Retirement Plans in 2025
