Do you operate as a sole proprietor? Do you want to know which tax-advantaged retirement plan makes the most sense for you? Then consider going with a “solo 401(k)” plan. What’s the most important advantage of going the solo 401(k) route? It potentially lets you make much larger annual deductible contributions to your account, and lets that money grow over time, tax … [Read more...]
Retirement
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Why a SIMPLE-IRA Could Be Your Best Retirement-Plan Alternative
Are you starting out in business? Is your business currently generating only modest income? Then consider opening a SIMPLE-IRA. The SIMPLE-IRA is an excellent retirement plan that can dramatically reduce your tax bill and help you provide for a secure retirement. Why is the SIMPLE-IRA a great choice for your business? Because it gives you the choice to … [Read more...]
Self-Employed Senior? Collect Your Rightful Tax Breaks
Are you self-employed? Then I’ve got extremely valuable information waiting for you! You see, if you’re a self-employed senior citizen over 50, you’re entitled to some outstanding tax breaks that younger self-employed folks can’t claim. To find out more about significant tax breaks you shouldn’t miss, read my new article titled Tax Tips: Self-Employed Senior? Collect … [Read more...]
2019 Last-Minute Section 199A Strategies That Reduce Taxes, Too
Is your taxable income above $160,700, or above $321,400 on a joint return? Well, first of all, congratulations! But before you break out the champagne, remember this important fact: If you don’t handle your Section 199A planning correctly, your 199A deduction amount could be Zero. Nada. Zilch. Why could this happen? Because your type of business, wages paid, and … [Read more...]
2019 Last-Minute Year-End Medical and Retirement Deductions
Are you thinking about how to handle your retirement accounts and medical coverage/plans from a tax perspective? You should be concerned about these issues because December 31 is almost here and if you take action before that date, you could save yourself a lot of money. We’ll show you proven, totally legal techniques you can use right now (before time runs out) when you … [Read more...]