Q: My neighbor went to a retirement planning seminar and talks about a new concept called "split annuities." Are split annuities tax-deferred like regular annuities? J.Z., Mayo, Fla.
Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
Q: I've heard that I might pay tax on Social Security benefits because of the tax-free income earned by my IRAs and Roth IRAs. How can this be true? R.S., Eagle, Colo.
In 2001, President Bush's tax cuts increased the amount of your estate that is exempt from federal estate taxes to an even $1 million. As part of that law, the estate-tax exemption level will jump again, this time to $1.5 million, starting Jan. 1, 2004.
Using a payroll service can streamline your business, but you (the employer) are ultimately responsible for paying federal taxes.
If your company creates a side business, you'll definitely want to consider structuring it as a limited liability company (LLC) owned by you.
Benefit: Voluntary benefits let you beef up your benefits without much additional cost. ...