Are you currently using a retirement plan that’s helping you and your employees reach important retirement goals? Well, you should have one. And soon. (Read the full article for full details.) Why the rush? Because if you act by December 31, you’ll be able to put a business retirement plan in place, or make the switch to an extremely useful Roth IRA (if your income is … [Read more...]
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The IRS War Against Independent Contractors: An Update
To get my complete, FREE articlewith all the details… It’s a fact every business owner and independent contractor should know… Many state and federal agencies may have you in their cross hairs. They’re going after businesses that hire “independent contractors” rather than “employees.” Why? Because, unlike independent contractors, W-2 employees prepay their taxes. … [Read more...]
Raise Hell! Your Employee Retention Credit (ERC) Is at Risk
To get my complete, FREE articlewith all the details… Leave it to the IRS to find a new way to hurt S and C corporations. The IRS wants to cause you pain. Here’s how… The new IRS Notice 2021-49 disallows the valuable employees tax credit (ERC) to more-than-50% owners… owners who have certain living relatives. That’s right. Your corporation can’t qualify for the … [Read more...]
Vaccinated? Claim Tax Credits for You and Your Employees
To get my complete, FREE articlewith all the details… As you know, because of the terrible COVID-19 crisis, the federal government wants every eligible person to get vaccinated. And since Uncle Sam knows that a little sugar makes the medicine go down, he’s providing you and your employees with a sweet incentive What employers need to know now. If you give your … [Read more...]
Use “Net Unrealized Appreciation” (NUA) To Cut Taxes
To get my complete, FREE articlewith all the details… NOTE: This new article makes must-reading for…Certain EmployeesAnd…Tax pros with these types of spouses or clients Definition: NUA (Net Unrealized Appreciation) The term NUA refers to the difference between what someone pays for employer’s stock, (the cost basis), and the stock’s appreciated fair market … [Read more...]