The qualifications to open a Solo 401k account only have two elements: You must own a business Your business must have zero employees
Interested in Making 2020 Contributions?
The calendar might say 2021, but some small businesses can still set up a Solo 401k and make contributions to reduce their 2020 tax bill. This is
What is a Solo 401k? Everything You Need To know
From reading the title of this article, you might be wondering what exactly is a Solo 401k? If you've never heard the term before, you're not alone!
Pretax vs Non-Deductible (Roth) IRA Contribution
Pretax IRA contributions and traditional IRA contributions are the same thing. It gives you the ability to deduct contributions from your federal
Interested In Early Retirement? Find Out How To With Rule 72(t)
When it comes to your retirement account, what you hear mostly is the importance of saving early and taking advantage of tax shelters. But what if you
Best Practices To Prepare a Self-Employment Tax Return
While the official IRS deadline to prepare and file your self-employment tax deadline has passed, many small business owners are still getting their
Self-Employment Taxes – Mistakes to Avoid
Self-Employment Taxes - Biggest Tax Mistakes to Avoid No one expects you to know all of the complicated tax codes. But along with the most common tax
Self-Employment Taxes – Maximize Deductions
Maximizing your deductions when filing self-employment taxes is a big deal. Filing your self-employment taxes has two conflicting goals. 1. Minimizing
How to Elect S-Corp Status – Back Dated for 2020
Did you know you can elect S-corp status for your business, even back dating to Jan. 1st, 2020? Nabers Group provides these insights to better