Depending on the kind of retirement accounts you use, you might still have time to contribute more money before filing taxes for 2012. That could lower your tax burden, helping you save money now while giving you more money to spend during retirement. Before you try to contribute more money to your accounts, though, you [...]
Small Business Retirement Plans
Many retirement plans focus on the needs of large businesses with hundreds or thousands of employees. That makes it frustrating when small business owners try to provide reliable retirement plans for themselves and their employees. Luckily, businesses of all sizes have options. You just need to know which ones could work well for you. SIMPLE [...]
Benefits of Starting a Core Wealth IRA
An IRA, or Individual Retirement Account, can offer several benefits that make it easier for people to save for the future while lowering your tax burden. Over time, your Core Wealth IRA can blossom into a significant amount of money, even if you only contribute a modest amount each year. Before you decide to open [...]
Health Insurance Requirements for Business
New health insurance requirements still baffle many business owners. They don’t know whether they need to purchase policies for their workers; what kind of policies they should buy; or what fines they could face by ignoring the legislation. Although it’s impossible to know exactly how the Affordable Care Act will affect businesses until it has [...]
Understanding Succession Planning Options
We discussed how succession planning is a critical step when you are in business, and now we will discuss options to consider when you start succession planning. It’s important that all the decisions you make when you embark on succession planning are strictly business. Succession planning isn’t the time to worry about people’s feelings; it’s [...]
Wealth Extends Beyond the Business
Business owners spend much of their life trying to achieve the individual successes of owning their own business, but all the success in the world means nothing if you lock up your wealth and fail to properly plan for the future. Business owners often overlook effective succession planning, and leave the major decisions up to [...]
I Want My Clients to Pay $2 Million in Income Taxes!
It’s easy to find someone to do your taxes for you. You can go shopping while you get your taxes done, or you can just pull into a parking lot with a dancing tax man in costume on the corner. People can get their taxes done online, in a mall or after they are done [...]
What are 7 billion people eating for breakfast?
A colleague of mine used the phrase, “I don’t know what 7 billion people are going to do tomorrow” to answer the question of “What’s the market going to do?” I thought it a very simple and profound answer to a question many people ask. There has been a lot of up and down in [...]
DOL on the Prowl
If you’ve never had the pleasure of dealing with the Department of Labor, you are lucky. Consider the following true story. When a Relationship Goes from Bad to Worse Disgruntled employees. We’ve all had them; hell, I’ve been one a couple of times myself. It becomes troublesome when they leave and have an ax to grind. There [...]
Is Oklahoma City the Next Dallas?
On a recent trip to Dallas, I asked myself the above question, is Oklahoma City the Next Dallas? Will OKC or Oklahoma in total, ever measure up to the Metroplex? Why in the world would you want to? In The Beginning As a student at the University of Oklahoma, I dreamed of working in Dallas, [...]