A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money. Working longer offers several financial benefits. Those who put off retirement are able to: […]
Retirement
The new Tax Cuts and Jobs Act, which went into effect on Jan. 1, has sent an unambiguous message that the current GOP-dominated Congress and Presidential Administration are decidedly pro-business. Fortunately, they included provisions in the new legislation that enhance tax advantages for many self-employed sole proprietors. The following offers an overview of both new […]
Business owners can proactively plan for their retirement all while growing their business. This articles discusses three tips you should consider when creating a retirement strategy and planning for the future of your business. To view this article, click the following link to access the original content. https://www.business.com/articles/smb-owner-retirement-tips/
As baby boomers begin to leave the business world and move towards retirement, it is important to consider the transition of the next generation. This article discusses key questions to consider when creating a succession plan that is right for your business. To view this article, click the following link to access the original content. […]
by Michael W. Blitstein, CPA Internal Revenue Service has announced the following limitations for 2012 retirement plans: Employee Deferrals: IRA account – 100% of earned income up to $5,000; age 50 and older catch up $1,000 SIMPLE – 100% of earned income up to $11,500; age 50 and older catch up $2,500 401(k) – $17,000; age 50 and […]
by Matthew Bergman, CPA The IRS has released the 2010 version of Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan, which some plans must file by July 31, 2011. The new form reflects a new type of pension plan that first became available in 2010. It also reflects some changed administrative […]