For most of us, retirement planning revolves around saving and investing enough to enjoy a comfortable, worry-free life once we stop working. But many retirees overlook a key piece of the puzzle: tax planning. Even after retirement, tax management plays a crucial role in stretching your savings and making the most of your retirement income. […]
7 Smart Ways to Improve Your Business Credit Score
Your business credit score is more than just a number—it’s a key that can unlock better financing options, lower insurance premiums, and stronger supplier relationships. Whether you’re just starting out or looking to expand, a healthy business credit profile can give your company a significant advantage. If your score isn’t quite where you want it […]
Is That Financial Aid Taxable?
The college search process is an exciting but time-consuming process. After your child narrows down the colleges of his or her choice, you both have to figure out the issue of paying for tuition and room and board. The reality is that a four-year college education is expensive. The College Board1 reported that the average […]
Frequently Asked Questions About Estimated Taxes
Quarterly Estimated Tax Payments can be a nightmare for business owners to determine how much they owe the IRS. Here is our guide for Frequently Asked Questions regarding Estimated Taxes. What are Estimated Taxes? Estimated Taxes are taxes that are paid to the IRS throughout the year on earnings that are not withheld from the […]
Double Taxation: How Small Businesses Can Avoid It in the U.S.
Double taxation is a significant concern for small business owners in the United States. It occurs when the same income is taxed twice: once at the corporate level and again at the individual level when profits are distributed as dividends. This situation can create a financial burden for small businesses, affecting their ability to reinvest […]
When Should You Sell an Investment?
Selling an investment can be more difficult than buying one for many investors. When you buy an investment, you obviously have high hopes for how well that investment will perform. Unfortunately, it’s unlikely that every investment will meet your expectations. In that situation, holding on to your investment essentially means that you are not putting […]