Remove Expenses Remove Filing Remove Management Remove Retirement
article thumbnail

4 Retirement Plans Small Business Owners Should Consider

Success

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.

article thumbnail

5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

It can also make things more complicated when it comes to filing taxes. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier. Generally, the expenses involved in operating your business or side hustle can be tax-deductible. Becoming your own boss can change your life for the better.

Filing 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should I Use a Robo-Advisor to Manage My Investments?

Success

A robo-advisor is an automated investing service that uses a computer algorithm instead of a person (or sometimes along with a person) to build and manage an investment portfolio. It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. You’ll also have to pay the fund’s expense ratios.

article thumbnail

6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.

Expenses 221
article thumbnail

Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

It provides provisions aimed at improving employee retirement outcomes and makes starting 401(k) plans more attractive and beneficial for employers – even those with 50 or fewer employees. encourages employers to provide retirement plans by offering tax incentives and credits. You can also fax e-filing waiver requests to 877-477-0575.

Payroll 52
article thumbnail

How to Choose a Financial Adviser

Success

There are multiple types of financial advisers, and each can help you manage your money. Financial advisers can help you with much more than investing topics, including debt management and retirement plans. Most robo-advisors are designed to help people invest for long-term goals like retirement.

article thumbnail

Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

The IRS has introduced new online tools with the hope of extending a more customer-friendly face this filing season. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., Interactive tax assistant.

Payroll 52