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4 Retirement Plans Small Business Owners Should Consider

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There are only so many hours in a day, so longer-term decisions, like planning for retirement, can get pushed aside in the face of more on-the-spot issues. In fact, finding and researching the best retirement plans for small businesses can take time and effort you may not have right now.

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

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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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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

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Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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Who’s Stuck With The Bill?

Allwork

Often, the amount paid towards remote work expenses depends on whether the job is full time or freelance, and the seniority of the employee’s position. You’ll also most likely need some office stationary like files, paper, pens and staplers. What are the costs associated with working remotely?

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Do I Need to Buy Life Insurance?

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People purchase life insurance to help their families replace lost income and cover final expenses after death. Remember: The larger the policy amount or the longer you want the policy to be in effect, the more expensive the premiums. To calculate how much insurance to buy, some experts recommend multiplying your salary by eight.

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Stay on track with this payroll compliance checklist

BMT Office Administration

These are typically salaried employees, but employers must verify that each job role passes specific tests before the employee filling it may be classified as hourly. It asks for information such as the employee’s filing tax status, extra withholding preferences, and more. Exempt workers aren’t entitled to overtime pay.

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Answering Reader Mail: From Lawyer to Executive Assistant?

Musings of a High-Level Executive Assistant

If the fit isn’t close enough, they toss or file your resume. 3) Can you afford to live off of an EA’s salary after being a lawyer? The only way to get a great salary hike is thru time and growing responsibility just like any other job. They are looking for a job history with the exact same job they are looking to fill.

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