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Questions About Converting an IRA To A Roth IRA

by Steven J Weil, PhD, EA, LCAM | Sep 6, 2019 | First Time Home Buyer IRA

Question: “Does it make sense to convert my IRA to a ROTH IRA?” Answer: We need a lot more information to answer that question. The answer will depend on your marginal projected tax rate for the year, along with your projected marginal tax rate at retirement. It also...
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Blog

Simple Retirement Plans

Mar 16, 2023 | Blog, Business Tax, Investments

  A SIMPLE is an Affordable Retirement Plan For Small Businesses A SIMPLE (Savings Incentive Match Plan for Employees) is a retirement plan that small business owners can offer to their employees.   Here are the basic features of a SIMPLE: Eligibility:...

Enrolled Agents

Mar 13, 2023 | Blog, Business Tax, Personal Tax

What can an Enrolled Agent Do for You? Having an Enrolled Agent (EA) can benefit you in several ways, especially when it comes to your tax-related matters. Here are some of the key benefits of working with an Enrolled Agent: Tax Expertise: Enrolled Agents are licensed...

Don’t Overlook These Business Deductions

Mar 9, 2023 | Blog, Business Tax

Commonly Overlooked Business Tax Deductions There are several business tax deductions that are often overlooked but can potentially save you a significant amount of money on your taxes. Here are some of the most commonly overlooked business tax deductions: Home Office...

Common S-Corporation Myth

Mar 6, 2023 | Blog, Business Tax

Myth: Setting up a corporation will make all my non-deductible expenses deductible. Truth: Businesses can only deduct expenses that meet the following tests regardless of the entity used to operate. Expenses must be ordinary and necessary to the business...

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