We offer life insurance strategies to help you protect your family, get out of debt and build your retirement savings.
Insurance Perspectives: Tax Implications of Business-Owned Life InsuranceFlum, Sheryl B.Campbell-Mohn, FrederickSantini, WilliamJournal of Taxation of Financial Products
When you deduct depreciation, you’re writing off the cost of a big-ticket item like a car or machinery over the useful lifetime of that item, rather than deducting it all in one go for a single tax year. Businesses usually deduct depreciation for long-term business investments that are m...
Self-employed health insurance and health savings accounts (HSAs) can be tricky, and many small business owners leave money on the table by deducting these on Schedule A versus Form 1040. Schedule A has tall hurdles to allow for deducting medical expenses including health insurance premiums. This...
Sole proprietorship: This refers to a business owned by one individual who assumes all of its legal responsibility. Profits and losses from the business are reported on the owner's personal income tax return, and the owner is personally liable for any debts or legal issues that may arise, whi...
making it a suitable part-time business alongside other commitments. With this, the startup costs for a dog-walking business are relatively low. You may need basic supplies like leashes, waste bags and possibly business insurance. Remember to seek legal advice before starting any type of business...
Gifts and trusts can be used to take advantage of protecting your lifetime assets as well as providing means for passing your assets to your heirs with as little tax effect as possible. Individuals A business tax return can affect your individual return so much so that we recommend preparing ...
Basic Life Support: This one might be a little dark, but if you were to take aBLS class, there might always be the chance that you could one day literally save someone’s life. This is one of those skills that’s mixed. Some industries (like medical) just expect this, while other in...
Business Ideas 70 Small Business Ideas to Start in 2025 We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025. By Eve Gumpel Side Hustle 'A Paradigm Shift': This Centuries-Old Industry Is Embracing Flexible Work — and It Could Be the...
8. Business Insurance is a Must Invest in a comprehensive property and contents insurance plan for yourbusiness protection, in case disaster strikes you can get your losses recovered and avoid short-term cost shocks. There are many affordable plans out there, make sure you search for one that ...