Now let’s take some time to consider the tax treatment for each one of the corporate entity structures discussed in the last article. Some tax issues affecting the choice of the entity involve tax years; pass-through issues; and compensation and payroll taxes....
(This is part 3 of the Set Your Records Right series.) Let’s turn to retirement accounts now. You are probably covered by at least one retirement plan and maybe several. Be sure to keep a file on each. Don’t forget about your IRAs, 401(k) plans, as well as any other...
(This is part 2 of the Set Your Financial Records Right series.) Let’s start with everyone’s favorite subject – taxes. You’ll want to start a file for this year’s tax return and use it to store all the paperwork you or your CPA will need to prepare your return. This...
