Start Your College Grad On The Path To Becoming A Millionaire
You may be able to do this utilizing any unused funds in the student’s 529 Plan. The IRS now allows rollovers of these funds to a Roth IRA in the child’s name.
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Four Ways the Non-Compete Ban Puts You at Risk
In a landmark decision, the Federal Trade Commission (FTC) recently approved a ban on non-compete agreements for most employees. While the legalities are still being ironed out, let’s explore what this might mean for companies and intellectual property (IP) values.
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IRS Unveils New Digital Asset Tax Form Amidst Rising Popularity
Cryptocurrency ownership rates continue to increase: 40% of Americans now own crypto, up from 30% in 2023. And the IRS has noticed. Last month, they released a draft of Form 1099-DA – “Digital Asset Proceeds from Broker Transactions.” This will be the official tax form crypto owners and brokers will use to report digital asset transactions starting in 2025.
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A Magic Formula: How Often You Should Meet with Your CPA
A lot of things go into running a business, and one of the most important ones is maintaining its financial health. The best way to do that is by building a relationship with your CPA. After all, how can your CPA understand your business needs if he doesn’t know your business? This leads to the question: how often should you meet with your accountant, and what topics should you cover during these meetings? Let’s explore.
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Why Succession Planning is Your Secret Weapon for Growth
Every entrepreneur will tell you that building a successful business is exhilarating – and the thought of letting it go is stressful. You’ve poured your heart and soul into nurturing your business, but what happens when it’s time to pass the torch?
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