Understanding The 1031 Exchange

If you have owned an investment property and have thought about selling it off, then you know you need proper knowledge on 1031 tax-deferred exchange. 1031 tax-deferred exchange allows a property owner to sell their property and buy a like-kind property, as a replacement, while deferring capital gains tax. This article aims to articulate the…

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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…

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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…

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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…

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