plans. Retirement plans are a terrific way for business owners and their
employees to tax-shelter a healthy portion of their earnings. Of all the benefits
that a small business can offer, a retirement savings plan can be the most
valuable in saving ...
Author: Eric Tyson
Publisher: John Wiley & Sons
Are you a small business owner taxed by taxes? Not being up-to-speed on tax rules and strategies can lead tomistakes that cost business owners thousands of dollars in finesand penalties every year. Small Business Taxes For Dummiesassists both current and aspiring small business owners withimportant tax planning issues. For the estimated 21 million small business owners in the U.S.,the nation's tax codes continue to change and increase incomplexity. Small Business Taxes For Dummies arms youfor important tax planning issues, including: year-round taxplanning tips and expense tracking advice; small business decisionsand expense basics; business use of your home and self-employmenttaxes; creating an ongoing tax routine; dealing with the IRS andwhere to find help; navigating audits and notices; and more. Guides you through the current tax laws and ensures that youunderstand your rights and obligations Helps small business owners save time and money Empowers you to understand and prepare your own taxdocuments The expert tips and advice presented in Small Business TaxesFor Dummies are for the millions of small business owners likeyou searching for a guide to the latest tax codes andregulations.
Small businesses, with 50 or fewer employees, rarely offer workplace retirement plans.
Author: Peter W. Kirtland
Small businesses, with 50 or fewer employees, rarely offer workplace retirement plans. The lack of effective retirement plan options leads to employee stress, financial strain, and social instabilities. The purpose of this research is to study why small business owners make poor decisions about workplace retirement plans. The study evaluates the information supply chain and determines that financial advisors are a critical information delivery mechanism. However, they do not take the time to discuss the various retirement plan options available with the small business owners which leads to lack of plan adoption. Elaborated Action Design Research (eADR) research methods are used to diagnose the problem as well as to design and implement two artefacts that have potential to increase retirement plan adoption rates in small businesses. Data are collected through interviewing industry experts and small business owners in the diagnosis phase, and small business owners in the design and implementation phases. Two innovative artifacts are designed to improve the quality of information provided to small business owners. The artifacts are applied via interview interventions with ten owners. An elicitation script gathers information from the owner to support a decision model that produces an adaptive default nudge indicating a preferred workplace retirement plan for the business. The results of the study indicate a significant increase in awareness of retirement plans and an intention to adopt the retirement plan presented as the default nudge. This research contributes to research on small business retirement by demonstrating the information gap faced by small business owners and the potential of effective nudging strategies to increase awareness of retirement plan options and to increase adoption of effective employee retirement plans. Limitations on this research include sample size and geographic diversity of the group of small business owners interviewed.
In order to help you save for your own retirement and to encourage employers to
provide retirement benefitstoemployees, thetaxlaws contain special incentives for
retirement savings. Broadly speaking, if a retirement plan conforms to special ...
Author: Barbara Weltman
Publisher: John Wiley & Sons
While many small business owners seek to improve their bottom line, few realize all the ways that tax laws can help them do so. J.K. Lasser's Small Business Taxes 2009 gives you a complete overview of small business tax planning in an accessible manner. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this valuable guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
employer-sponsored retirement plan, then your contributions are fully deductible,
regardless of your adjusted gross income. Your deduction can be limited if you're
married and your spouse participates in an employer-sponsored retirement ...
Author: Colleen DeBaise
Publisher: Crown Business
Because starting a small business is not only a huge financial risk but also a complete lifestyle change, anyone who wants to be his or her own boss needs to approach entrepreneurship thoughtfully and with careful planning. That’s why there is no better resource than The Wall Street Journal Complete Small Business Guidebook, a practical guide for turning your entrepreneurial dreams into a successful company, from America’s most trusted source of financial advice. It answers would-be business owners’ biggest question—how do I fund my venture?—then explains the mechanics of building, running and growing a profitable business. You’ll learn: • How to write a winning business plan • Secrets to finding extra money during the lean years and beyond • Ways to keep your stress in check while maintaining a work/life balance • How to manage your time, including taking vacations and dealing with sick days • Strategies for keeping your business running smoothly—from investing in technology to hiring the right people • Marketing and management basics • When angel investors or venture capital might be an appropriate way to grow • How to execute your exit strategy Running the show may not always be easy, but the rewards can be tremendous. You may be on the job 24/7, but you have the freedom to call the shots, to hire whomever you want, to work when you want and to take your business as far as you want to go.
... 5 : 22 Small businesses defined benefit plan , postretirement interest rate , 17 :
180 EGTRRA , small business owners and , 1 : 1 incentives to adopt tax -
qualified plans , 17 : 12 retirement planning issues , crucial , 16 : 1 Small
Business Job ...
Author: William D. Mitchell
Estate and Retirement Planning Answer Book (2009 Edition) provides expanded coverage of financial and estate planning strategies for implementing individualized solutions for the special problems associated with retaining accumulated wealth for retirement and estate planning purposes. With its comprehensive two-part approach to the complex issues that link retirement planning and estate planning, Estate and Retirement Planning Answer Book (2009 Edition), includes coverage of such topics as the final minimum distribution rules for individual retirement accounts and qualified plan distributions, the use of insurance as a qualified plan asset, and changes in the law to reflect the latest legislation.
4657'4tit Retirement Plans for Small Business (see, SIMPLE, and Qualified Plans
) For use in preparing Returns Get forms and other information faster and easier
by: Computer ' wwwirsgov or FTP ' ftpjrsgov FAX ' 703-368-9694 (from your FAX ...
Author: Jean D. Sifleet
Publisher: John Wiley & Sons
The ultimate reference on compensation for small businessowners Beyond 401(k)s for Small Business Owners presents strategies forreducing taxes, planning for your retirement, and rewardinghigh-performing employees. Expert advice from attorney and CPA JeanSifleet will help small business owners maximize their own rewardsand create an environment in which employees know that their hardwork will mean a better future for themselves. In clear, simple language this book helps you figure out what kindof plan you can afford, what your employees want, and what to do.Important tax and insurance issues are covered in detail andstep-by-step guidance lets you design a compensation strategy thatworks for both you and your employees. Case studies, sample plans,and helpful references make this book your one-stop source forcomplete coverage of alternatives, from cash bonus programs toemployee stock option plans (ESOPs) and everything in between. WithBeyond 401(k)s for Small Business Owners you'll have all the toolsyou need to: * Maximize owner benefits, reduce taxes, and enhance yourretirement income * Use creative compensation to motivate your employees * Understand qualified and nonqualified plans * Address the unique issues of family businesses * Get the best deal on insurance and benefits for yourcompany * Avoid expensive pitfalls * Measure your progress and keep your plan on track
smaller companies and complex from offering tax filings even discourage
minimal retiremany ment benefits for workers. But no matter how small your
company is, you and your employees should be saving for the future. Many small
Author: Jane Applegate
Publisher: John Wiley & Sons
Completely revised and updated edition of this very popular and successful small business book The first edition of 201 Great Ideas for Your Small Business was hailed by management guru and author Tom Peters as "Brilliantly researched. Brilliantly written. A gem of priceless value on almost every page. Read. Inhale. Absorb. Great Stuff!" In this completely updated third edition of 201 Great Ideas for Your Small Business, renowned small-business expert and consultant Jane Applegate shares new, powerful, creative, simple, and proven approaches for building a better small business. Details how business owners can use online marketing and social networking more effectively Offers timely strategies for thriving in challenging economic times Includes scores of real-life success stories and all-new interviews with small-business owners, experts, and VIP's including Guy Kawasaki, Kay Koplovitz, and Michael Bloomberg It may be small, but your business is a big deal to you, your customers, and employees. 201 Great Ideas provides lively, practical strategies to help you manage, grow, and promote your business.