Section 179 Depreciation

When you own a business, there are a wide range of tax deductions and exemptions that you may be able to qualify for. One type of deduction that may be available to you involves Section 179 depreciation, which applies specifically to depreciable assets. Knowing what this tax deduction is may help you reduce the amount…

Read More
Social Security Retirement Benefits

There was a time when Americans were only able to receive retirement pensions from the Social Security Administration when they celebrated their 65th birthday; this was when the Social Security Act was passed by the United States Congress and implemented by the first administration of President Franklin Delano Roosevelt in 1935. It took about five…

Read More
Economic Injury Disaster Loan

No matter how much planning we do, disasters will occur. Both the COVID-19 pandemic and a recent uptick in natural disasters have affected many different components of our lives—including the viability of some small businesses. Across the country, there are countless small businesses that were once thriving and are now in need of financial assistance.…

Read More
Backdoor Roth IRA

Many savvy people agree that the Roth IRA is the best thing to come out of Washington in a long time. But unfortunately, if your income is too high, you will not be eligible to make meaningful contributions. Or can you? Yes, you can still gain access to the Roth IRA, but you’ll have to enter…

Read More
Independent contractor vs working as an employee

Business Owner’s Perspective There is a lot involved in keeping a business afloat; however, managing human resources can be regarded as one of the most challenging aspects. Suppose you are unable to dedicate an efficient HR team to handle vital tasks like payroll administration, onboarding, employee relationships and the likes. In that case, you will…

Read More
traditional ira and roth ira

Unless you are not considering saving for retirement, deciding on the ideal IRA (individual retirement account) to opt for is one hurdle you must face when making plans for the future. This is usually a crucial decision because the type of IRA you choose will determine how much money you’ll be entitled to when you…

Read More