Whether your business is big or small, it will eventually face some problems that can cost you a significant sum if you do not have the right insurance in place. In order to protect yourself, you need to know the type of risks your business may face so that you can find the best insurance policy that will cover those risks. Check out these common types of insurance that every business should have, and see how they can significantly help your business.
They say the Tax Cuts and Jobs Act is the biggest overhaul of the US tax system in 30 years. The impact will spread far and wide, starting with a significant cut in the corporate rate from 35% to 21% and lower levies on repatriating overseas profits. Yet, like the rest of us, you're probably wondering, "So, what does that have to do with me?" Even with the biggest impact aimed at businesses, there are still several changes to the personal income tax laws, and we highlight them here just for you!
If you're in the unfortunate position to consider filing for bankruptcy, there are a few things to keep in mind before choosing what would be right for you and your business. It's important to know all the options before making any decisions. Check out this quick guide to see how each one differs, and which one would be most useful for your situation.
Any business, no matter what size, needs a proper succession plan for the future in order to be successful from generation to generation. A bad plan, or not having a plan at all can ruin all your hard work, as it did for the Stroh family. Stroh's beer was one of America's most impressive family fortunes and due to poor business decisions and bad investments, the massive beer empire disappeared in just two decades. Read here how the family could have prevented the downfall.
Although parents will never ask for help, at some point they might need it or you'll want to step in to assist them. Helping parents become financially stable can be hard without the right information and knowledge about their current financial situation. Further, getting access to different accounts and making important decision on their behalf will not happen unless you are given the required legal authority to do so.
People often assume a Will is everything they'll need to take care of their business when something bad happens to them, but that can actually cause more problems and cost for their family than necessary. To ensure your business is passed on to your family exactly the way you want, you need to have a comprehensive plan that takes your life and business into account. Now check out these 4 key elements every business owner must have in their plan.
There are many options when it comes to managing your assets for retirement, but which ones really give you the best security throughout life while you're still growing and saving? Here are just a few of the benefits with for transferring your 401(k) assets into an IRA. Let the real saving and growth begin!
Many early adopters have made fortunes off their initial investment in digital currency, and now you're wondering if there's any opportunity for you to do the same as well. We continue our series by pointing out the scams we're starting to see as the world increasingly continues to make a mad rush to invest. Don't get caught with your shirt missing. It's ok to invest, but do so with an awareness of your vulnerabilities and form at least a basic education of the technology.
We're getting close to the end of the year, and a major reform to the tax code (the largest we've seen since the 80's) is just on the horizon. While nothing has been finalized yet, there are some similarities in both the House and Senate versions of the reform bill that we can see and begin planning now! The big changes we see to your personal taxes involve mortgages, children, estate exemptions, and the standard deduction itself.
You've been hearing about it more and more over the years, and now you're starting to realize that cryptocurrencies are here to stay. To some, it's the Dotcom bubble all over again. Many early adopters have already made fortunes off their initial investment, and now you're wondering if there's any opportunity for you to do the same as well. Before diving in, take a step back and become aware of the risks as well as the scams that could potentially leave you without your shirt!