If you earn too much to contribute directly to a Roth IRA, you may have heard of a clever strategy called the backdoor IRA. It’s a […]
How a Backdoor IRA Works — and Its Drawbacks Explained
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3 Costly IRA Mistakes to Avoid (and How to Steer Clear of Them)
Individual Retirement Accounts (IRAs) are one of the most powerful tools for building a secure financial future. Whether you’re using a Traditional IRA for tax-deferred […]
Q&A: S Corporation Reimburses Personal Vehicle — What You Need to Know
Running an S Corporation often means blending personal and business activities — especially when it comes to using your personal vehicle for work purposes. A […]
Spousal IRAs: What You Need to Know
When it comes to retirement planning, Individual Retirement Accounts (IRAs) are often a key part of the conversation. But what if one spouse doesn’t work […]
How to Deduct Start-Up Expenses for a Rental Property: A Landlord’s Guide
Starting a rental property business involves various initial costs, from marketing to property improvements. Fortunately, many of these expenses can be deducted from your taxable […]
IRA Conversion: Why You Might Convert a Traditional IRA to a Roth IRA
Individual Retirement Accounts (IRAs) are powerful tools for building long-term wealth and preparing for retirement. Among the two primary types—Traditional IRA and Roth IRA—each offers […]
Five Rules for Turning Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel
If you’re a business owner, the idea of turning a vacation into a tax-deductible trip is undoubtedly appealing. However, making this happen requires careful planning […]
Maximize Your Retirement Savings: A Guide to the Backdoor Roth IRA
Saving for retirement is a top priority for many, but high-income earners often find themselves bumping up against contribution limits for tax-advantaged accounts like the […]
Did You Overfund a Section 529 Plan? Consider a Roth IRA Rollover
Planning for your child’s education is a priority for many parents, and Section 529 plans have long been a favored tool. These tax-advantaged savings plans […]
Outsourcing vs. In-House Accounting: Making the Right Choice for Your Small Business
In the realm of small business management, accounting stands as a critical pillar of financial health and operational success. As a business owner, navigating the […]