|
As a business owner, there are several reasons you might want to implement a qualified retirement plan for you and your employees. Not the least of which is that qualified plans provide numerous tax advantages.
A will is a legal document that transfers what you own to your beneficiaries upon your death. It also names an executor to carry out the terms of your will and a guardian for your minor children, if you have any.
Generally, stocks are divided among various categories. At the top are the stocks issued by large, well-established companies, often called blue chip or large-capitalization (large cap) stocks. Stocks issued by smaller companies are often divided by their size or market capitalization into mid-cap and small-cap stocks.
Congress recently passed the Tax Cuts and Jobs Act changing the tax code beginning 2018. This new tax law made significant changes to the corporate rate, dropping the rate from 35% to 21% and also dropped the individual tax rate to 37%. There are also other significant changes that will affect you.
How much of their home office expenses can be deducted is one of the most misjudged tax questions faced by home workers. The reality of home office expense deductibility is much more complex than the common perception.
For most of us, our home represents our largest asset. Over time, the management of this asset can make a big difference in our overall financial outlook. One of the largest planning opportunities home ownership brings is the favorable tax treatment afforded the sale of a primary residence.
A college education is an investment which usually pays off. According to the U.S. Department of Education, in 2015 those with a college degree earned $48,500 a year, while those with only a high school diploma earned $23,900. Furthermore, a study from Georgetown University Center indicates college graduates will make $1 million more in their lifetime than those who only hold a high school diploma.
|
Article Categories
All
|
RSS Feed
