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SEP IRA: What You Need to Know About This Retirement Plan Option

Success

Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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Why You Should Start Your Own Business Today

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According to the Census Bureau , over 420,000 business applications were filed in May 2022 alone. It doesn’t matter if you’re in a big city or small town. According to the Bureau of Labor Statistics , the number of “job losers and persons who completed temporary jobs” remained at about 2,800 in March, April and May 2022.

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Do I Need an Estate Plan?

Success

The executor you name will handle your bequests and filing pertinent information with the court. Some retirement accounts also dictate how assets can be distributed upon inheritance. That way, your executor or other family members won’t have to search for pertinent information after your death.

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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. health, dental, vision, retirement) and involuntary deductions, like garnishments. For the year the employee died, you file W-2 and 1099-MISC forms.

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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. Reading the details of what would be offered in exchange for taking the early retirement deal didn’t really strike me as a wonderful option for those 84 people., especially in the current economy.

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Ep 243: Nicole Grinnell on Delegation and Unlocking Your Productivity Potential

LEADERASSISTANT.COM

SUBSCRIBE Subscribe to The Leader Assistant Podcast so you don’t miss new episodes! And I was kind of always brought in as like an assistant right like there she’s going to help with I mean, this was back in the days of like, filing and just you know, sending out paperwork and handling mail. And so I sort of moved up.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. However, there is sometimes some confusion on which to send — and you don’t want to get it wrong. It is the end of the year, and that means that tax season is approaching.

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