How to Determine Your Retirement Readiness and Prepare for It

It might be tough to make the transition from a fruitful working life to retirement. Many retirees claim that it is more difficult than they anticipated. Some factors will make the process smoother and simpler to acclimate to, as they …

The ‘Build Back Better' Plan Requires Significant Tax Reforms to Level the Playing Field and Offset Costs

By adopting the tax changes now suggested in the Build Back Better proposal, Congress has a once-in-a-generation chance to close the gap between big and small companies. Eighty-five percent of small companies believe the tax structure favors big corporations over …

Why Aren't Draws and Distributions Taxable?

Draws and distributions to owners/investors are not subject to income taxes in pass-through companies like LLCs and S-Corps. This is why.

On a company's balance statement, draws and distributions are noted. A company's profit and loss (P&L) statement, on the …

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