For real estate investors, the way you structure your rental properties can significantly affect your tax liability. It seems like social media is recommending everyone to run their business as an S Corporation. While the S Corporation is a popular structure for many small businesses, real estate investors should exercise caution—especially when it comes to…
Last month’s blog post discussed tax savings related to Traditional, Roth, 401k, and Health Savings Accounts. This post will focus on retirement accounts particularly advantageous for the self-employed small business owners. Without the safety net of employer contributions or pensions, it’s up to you to take control of your retirement planning. Beyond building a nest…
January is a time for reflection, planning, and action, both personally and professionally. Taxpayers can use this extra motivation to get their finances on track by making choices to help them now and in the future. One of these choices should be examining your retirement savings. The U.S. tax system gives taxpayers incentives to save…