TL;DR Palma Financial Services, Inc. recommends the S Corp (vs C Corp) to avoid self employment and minimize income taxes. Read on for the details. Avoiding Higher Social Security and Medicare Taxes If you’re self-employed, one way to help avoid higher Social Security and Medicare taxes is to organize your business as an S-corporation. S[...]
Top 100 CPA Blogs And Websites For Accounting & Tax Pros Award The Best CPA blogs from thousands of top CPA blogs in an index using search and social metrics is compiled to select this list. Blogs are ranked based on: Google reputation and Google search ranking Influence and popularity on Facebook, Twitter and other[...]
Getting The Ball Moving And Hitting A Reward “Great things are not done by impulse, but by a series of small things brought together.” -Vincent van Gogh Early in my career as a manager, I discovered that when one employee receives a reward or bonus, some coworkers could respond with a little resentment or skepticism.[...]
Why and How Banking in some form has been around for thousands of years. It is responsible for untold wealth for lenders – but the model can be replicated by average families to create and preserve wealth. However, despite its longevity, ask yourself if you’ve ever been trained in the ways of banking. Ask the[...]
You’ve built a successful career. Are you building a successful retirement? If there was a way to legitimately deduct $350,000 or more per year from your taxes while funding your secure retirement, would you want to take a look? A Defined Benefit Pension Plan provides for large current tax deductions and very high income in[...]
