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Business Retirement

Are Changes Ahead for Retirement Accounts?

A bill now in Congress proposes to alter some longstanding rules. Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers…

Business

Tips for Starting a Business

Read this before your new venture starts up. Aiming to start a business? What steps could you take that might promote success and longevity for your company? Here are several. Write a business plan. You will have a tough…

Business

How 1099 Workers Can Prepare for Tax Season

The little things independent contractors should do before April. Do you freelance or run a business on the side? You have a complicated tax situation, all stemming from one fact – when you earn a paycheck, taxes are not…

Business

The Cross-Purchase Buy-Sell Agreement

A plan for sustaining the business you have built after your death. Business owners are builders. They spend their lives building firms to provide goods and services to their clients, and those firms provide them with a living. But…

Business Retirement

Could You Create Your Own Pension Plan?

SBOs are taking a new look at old-school defined benefit plans. Contrary to popular belief, classic pension plans have not disappeared. Corporations have mostly jettisoned them, but highly profitable small businesses are giving them a second look. Why are…

Business

Does Your Healthcare Office Have a 401(k) Plan?

This employee benefit & hiring incentive may help your office compete. Great employees are hard to find. This truth applies for all businesses, including healthcare offices. The challenge just begins at the point of hiring. Finding top-notch workers is…

Business Retirement

Should the Self-Employed Plan to Work Past 65?

Some solopreneurs think they will “work forever,” but that perception may be flawed. About 20% of Americans aged 65-74 are still working. A 2016 Pew Research Center study put the precise figure at 18.8%, and Pew estimates that it…

Business

Golden Handcuffs for Key Employees

A way to “sweeten the pot” and retain executives and managers. To retain key employees, make their jobs too good to leave. Arrange “golden handcuffs” agreements with key managers to reward loyalty and promote retention. A golden handcuffs strategy…