by Steve Chegwin | Mar 28, 2018 | Business News
IRA Required Minimum Distributions (RMDs) Taxpayers reaching 70 ½ years of age are required to take minimum distributions from their traditional IRA accounts (other retirement accounts also require distributions). There are no required distributions for owners of Roth...
by Steve Chegwin | Feb 21, 2018 | Business News
Twenty Percent Deduction for Small Business Owners Beginning in tax year 2018 there is a new deduction for qualified business income of “Passthrough” entities. This is clearly aimed to benefit the small business owner. Although, it is based on qualified business...
by Steve Chegwin | Jan 22, 2018 | Business News
2018 Federal Tax Law Changes Over the last few months, tax reform has been perhaps the biggest legislative topic coming out of Washington. Just a few days before Christmas, the President has signed the bill into law. Most of these changes don’t happen until 2018. Tax...
by Steve Chegwin | Feb 1, 2016 | Business News
Small Business Retirement Plans Owners of small businesses establish retirement plans for many different reasons. Some do so to get the maximum tax benefits for themselves or their families. Others establish a retirement plan to set aside as much money as possible for...
