How prepared are you for retirement? With people living longer thanks to modern medicine, saving up enough money for your golden years can seem frightening. In this article, you’ll learn about the Tax Sheltered Annuity & How are Annuities Taxed? Let’s dive in. If you already have retirement accounts, that’s a step in the right…
Category: Finance
Pros and Cons of Annuities for a Reliable Income(Ultimate Guide)
Have you heard about annuities, but you have no idea how they can benefit you? If you told a financial advisor that you were looking for a way to have reliable income when you age, they most likely have tried to sell you an annuity. But do you know the Pros and Cons of Annuities…
Is Group Term Life Insurance Taxable? (Ultimate Guide)
Does your employer provide group term life insurance? If so, it’s usually a good idea to accept and even add to this insurance policy. But in doing so, Did you ever wonder ” Is Group Term Life Insurance Taxable?” Let’s dive in to learn everything you need to know about paying taxes on your group term…
IRS Penalties: What Happens If You Miss the Tax Deadline?
Do you know when Tax Day is? Its important to know the key tax filing dates. Typically Taxes are due on April 15th and Oct 15th if you take an extension. Do you know What Happens if You Miss the Tax Deadline? Keep reading to learn everything you need to know about penalties related to…
GMC Acadia Tax Write Off 2021-2022(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using a GMC Acadia? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum(100%) GMC Acadia…
12 Small Business Budgeting Tips
Following business budgeting tips is essential to grow your business and understand your finances. However, only 54% of small businesses had a documented budget during 2021. By setting a great budget, you can learn how to grow your business and improve your success. Do you want to learn how you can create a budget for your business? Keep…
Life Insurance Requirements for SBA Loans (Best Guide)
In 2021, there were 61,000 loans through the SBA’s core lending programs; this equated to 44.8 billion dollars delivered to small businesses. If you’re applying for SBA loans, it can feel like there are some hoops you need to jump through. One of those is the life insurance requirement for SBA loans. Are you interested in applying…
Depreciation vs. Amortization: An Overview of Depreciation and Taxes
Did you know that there are 31.7 million small business owners in the US alone? The goal of a healthy business is to grow its income & assets while minimizing taxes. But in order to calculate the accurate value of our tangible and intangible assets for taxes, we need to understand depreciation vs. amortization and how…
Corporate Tax Rate in California (Ultimate Guide)
Running a business in California can be very exciting, especially in the beautiful major cities of San Francisco and Los Angeles. Who wouldn’t want to own a business there? Of course, before you start your own business, there are a few tax rates that you should be aware of, especially the corporate tax rate in…
What Is a Closely Held Corporation and How Does It Work?
There are several different types of corporations that you can form in the United States, such as LLCs, S corporations, Limited Partnerships, and more. You also have the opportunity to create your business as a closely held corporation, as long as you meet specific criteria. If your company does qualify, several different advantages come with…