As a business owner, you’re likely always on the lookout for smart strategies to reduce your tax liability while supporting causes you care about. Charitable contributions are one of the
As a business owner, planning for your child’s college education is likely one of your top financial priorities. With the rising cost of tuition, fees, and living expenses, it’s crucial
For business owners, retirement savings in an IRA can be a lifeline in tough times. However, withdrawing funds from your IRA before the age of 59½ can result in a
The IRS has recently introduced a significant update for non-spouse beneficiaries of inherited IRAs, offering potential tax-saving opportunities for business owners. Understanding these changes and their implications can help you
IRAs for Young Adults As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs). With the 2023 tax-year contributions deadline fast approaching
When it comes to retirement planning, married couples have a unique advantage that can significantly boost their savings: the Spousal IRA. This often-overlooked tax break allows a working spouse to