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How to Explain a Roth IRA to Your 25 Year Old

Posted in Tax News on March 24, 2013

  Roth IRA Eligibility To be eligible for a Roth IRA you need to have earned income.  This is typically from wages earned as an employee.  Earnings from self-employment also qualify. The annual contribution is the lesser of your earned…

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How to Form an LLC and Protect Your Assets

Posted in Tax News on March 17, 2013

  A Sole-Proprietorship Many self-employed people will run their business as a sole-proprietorship. They are very easy to set up and cost very little to form. First, decide on a name. For example, John Jones D/B/A (Doing Business As) Prime…

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3 Proven Reasons a Small Business Should Consider a SEP Retirement Plan

Posted in Tax News on March 3, 2013

A Simplified Employee Pension (SEP) is an employer sponsored retirement plan.   Here are 3 proven reasons to consider this plan.  

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4 Easy Ways to Start Your 2013 Tax Planning and Save Money

Posted in Tax News on January 20, 2013

The New Year’s celebrations are over.   The New Year’s Resolutions are starting. We’ll see how long they last.   Many people feel income taxes are going up. I’m confident they are for the higher income earners.

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How (Almost) Everyone Can Have a Roth IRA

Posted in Tax News on November 13, 2012

  What’s the Benefit of a Roth IRA? The benefit of having a Roth IRA is that if the account is open for at least 5 years and the account owner is at least 59 1/2, then all of the…

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