Believe it or not, you can save for retirement on autopilot. You just have to know how. (Flower Mound Tax Advice: Which Retirement Account Is Best For You?) For most of us, financial experts recommend automatically contributing to an employer-sponsored 401(k) and an IRA. That’s right — it’s not an “either, or” situation. It’s a “both, and.” While the taxation of these … Read More
DFW Tax Advice: Pay Less Taxes In Retirement
You’ve worked hard throughout your career to save for retirement. Because of this, you want to make the most of your money. However, when planning for retirement, many people don’t consider how taxes will affect their savings. (DFW Tax Advice: Pay Less Taxes In Retirement) If you’re saving in a 401(k) or traditional IRA, your dollars are tax-deductible up front. But … Read More
Dallas Tax Advisor: Retiring As a Business Owner
Business owners and gig economy workers may enjoy their freedom and often benefit from more flexibility. But, they miss out on the retirement plans and contributions that many full-time workers receive. So, how should a small business owner plan for retirement in the absence of company-sponsored plans? (Dallas Tax Advisor: Retiring As a Business Owner) What is the biggest challenge … Read More
DFW Tax Help: Small Business Year End Tips
Let’s take a look at where your small business stands as the year comes to an end. These small business year end tips can help you make sure you’re in good shape financially as you head into the new year. DFW Tax Help: Small Business Year End Tips Take Some Time to Look at Your Business First, set aside time … Read More
DFW Accountant: Succession Planning
Becoming financially stable so you can live comfortably in retirement is a goal that many small business owners have. Fortunately, according to a recent Wells Fargo/Gallup survey, 82 percent of small business owners said they are currently saving or investing money toward their retirement. 76 percent said they think they’ll have enough money to live comfortably in retirement. While most … Read More
When To Sell Your Business
When to Sell One of the questions we often ask our clients is “When do you plan to sell your business?” We get all sorts of responses, ranging from “I’ve no intention of selling it” to “We think the boys will take it over, but we’re not sure” to “I’d sell it tomorrow if I could!” Whatever the response, what … Read More
What Millennials Should Do With Extra Cash
Some younger people may be holding on to a lot of cash, studies show. Doing so may not be the best option. If you’re lucky enough to have extra cash sitting around, here is some smart financial planning advice on what to do with it: For instance, a survey released this week by UBS Wealth Management Americas found that millennials who … Read More
Knowing When to Sell Your Business
Many business owners have the mistaken idea that retiring from their business will be a pretty simple process… …they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would be true. Unfortunately, the reality is much different. Except in rare circumstances, … Read More
5 great strategies to help you this tax season
Knowledge is power, but what if you don’t have time to find out what you need to know about how to save on your taxes? Williams & Kunkel, CPAs, LLP offers the following tax strategies that could truly help you and your family this tax season: 1. Take tax deductions for capital loss If your capital losses exceed your capital … Read More
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