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Small business owners must fulfill specific tax requirements, but with the hectic nature of day-to-day operations, focusing on actionable tax strategies often gets pushed to the side. As a small business owner, your plate is always full, meaning that tax planning is often the furthest thing from your mind. However, a lack of tax strategies…

Retirement planning is crucial to achieving a secure, fulfilling post-work life. Having a clear vision of your retirement goals and identifying effective strategies to meet these goals can ensure financial stability so you can enter retirement without worrying about your financial future. However, finding the best retirement strategies to guarantee stability is challenging for many…

Insurance products offer tax-deferred growth while hedging your financial risk Investing is a wise way to build wealth for the future. But taxes can take a big bite of the money you earn if you don’t choose the right products. Fortunately, advanced planning can put you in the driver’s seat, enabling you to make informed…

Make sure you’re not paying the IRS more than necessary on your stock investment gains Even though stock investments can be risky, investors can realize pretty big returns. Most experts suggest creating a diverse portfolio of different kinds of stocks, and hanging on to them through various market fluctuations. But keep in mind that there…

Don’t make this critical mistake that keeps you from harvesting losses on taxable investments The silver lining to losing money in the stock market is getting a tax benefit. Recording a loss is as simple as selling the losing investment – and when your capital losses exceed your capital gains, you can take a tax…

Not only is an audit unlikely to happen – if it does, it’s rarely a huge deal Few words inspire such fear in the hearts of Americans as “IRS audit.” In fact, 27 percent of Americans said they rather get an “IRS” tattoo than deal with the agency ever again, writes Money magazine. But one…

Why diversification is critical for retirement accounts It sounds like a no-brainer for tax planning: defer as much income as you can from a current high-tax bracket to a time you are likely to be in a lower tax bracket, such as retirement. Tax-deferred accounts can be a valuable vehicle for tax-efficient retirement savings, especially…

Worried about taxable payouts? Here’s what you should know about taxes and bond investments For any investor, creating a balanced portfolio can take years of practice and market study – not to mention countless meetings with advisors. While bonds aren’t always the talk of the town, these usually-conservative investments do have their benefits. Bond investments…

What to do when an employee won’t play ball In our previous article, we talked about getting the right people into the right seat. This methodology is especially useful when it’s used to evaluate current employees and ensure that they are the correct person for the job. But the scrutiny doesn’t end there, of course.…

How to evaluate the right person for the job The hardest thing to manage in business is people. The Entrepreneurial Operating System (EOS®) defines that businesses are comprised of vision, people, data, issues, process, and traction – but in practice, managing people represents probably sixty-percent of the effort. This is one of the reasons it’s…