Skip to main content

Posts

Showing posts with the label taxdeductions

Last-Minute 2023 Tax Tips for Roth IRAs

Roth IRA LAST minute TAX Tips for 2022 in 2023. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help

Selecting a Retirement Plan for Small Businesses in 2023: A Guide

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Is Investing in a Spousal IRA Beneficial for Tax Purposes?

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Reducing Self Employment Taxes Through an S-Corporation

If you are self-employed, Stop and listen. Because this information will save you thousands of dollars every year. In order to increase wealth, you have to increase your income or decrease your expenses. Your biggest expense is taxes. Here is a list of a few taxes you pay: Capital Gains, Income, Property, State and Local, Gas tax, Sales Tax, local administrative fees, Franchise tax. For most people. The biggest tax they pay is FICA or self-employment tax for those who employ themselves. For you hardworking owners. You pay higher Social Security and Medicare taxes than anyone else. But it doesn’t have to be this way. One way to strategically plan to lower your taxes is to organize your business as an S-corporation with the IRS Every worker has to pay Social Security and Medicare taxes to the government. It is the law. If you have employees, you know you pay part of their self-employment taxes. However, if you're self-employed, you have to pay both portions of t

What is the Amount of Tax Reduction Possible with 401k Contributions?

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Tips for IRA at the Last Minute in 2022

Tax Day, April 18, is right around the corner! If you still haven't filed your taxes, you have time to lower your income for the 2022 taxable year - that is, if you haven't maxed out your IRA yet. You may contribute up to $6,000, plus an additional $1,000 if you are at least age 50. Contribution can be made in an after-tax Roth account, however, you won't receive an upfront tax break for last year. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the contribution rules for the IRA, and other tips to make the most out of your IRA account for the 2022 taxable year. Join us LIVE on Wednesday, April 12th at 12:00PM EDT! -- Learn more about the Self-Directed IRA: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k)

Tips for Using Traditional IRA Funds for Charitable Contributions: Investment and IRA Advice

Subscribe Now: Watch More: Deducting money from a traditional IRA for your favorite charity is something that you have to do in a very specific way. Learn about deducting money from a traditional IRA for your favorite charity with help from a professional public speaker and radio personality in this free video clip. Expert: Kenneth Himmler Series Description: IRAs and investing in general can be complicated topics, so if you're feeling confused or overwhelmed its always important to consult the advice of a professional. Get tips on IRA and investment topics with help from a professional public speaker and radio personality in this free video series.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Individual Retirement Accounts (IRAs) are a great way to save for retirement while enjoying tax benefits. Traditional IRAs allow you

SEP IRA: Is this the best retirement plan for small business owners?

Is the SEP IRA the best retirement plan for small business owners? Let's take a look at the rules and regulations of the SEP IRA to help you figure out if this is the right retirement plan for you. 0:00 Intro 0:35 Setup Process 0:57 IRS form 5305-SEP 1:04 SEP IRA Employee Eligibility Requirements 2:34 IRS form 5498 2:54 Contribution Limits 3:38 Catch-Up Contributions 4:08 Investment Options 4:48 Traditional IRA and Roth IRA income limits 7:02 SEP IRA contribution formula 9:15 Contribution rates Publication 560 10:41 Roth IRA + SEP IRA 13:58 Is the SEP IRA the retirement plan for you? ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. S

Retirement planning | How does it work if you contribute more than the allowed maximum?

How does it work if you contribute more than the allowed maximum to your retirement fund? If you contributed more than the maximum allowed to your retirement fund, you can use these contributions to reduce your taxable income or increase the tax-free lump sum you take at retirement. For more information on our products and services, visit our website, nedbankprivatewealth.co.za. Engage with us on social media: Facebook | LinkedIn | Twitter | Instagram | ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retirement planning is an important part of financial planning that helps you to prepare for life after work. It allows you to set aside money for retirement and to invest it in a way that will provide for your future financial needs. Retirement planning can be complicated and requires careful planning and consi

How to Cut Down Your Quarterly Estimates

It's the beginning of business tax filing season, and the very first deadline is tomorrow, January 17, 2023, for the fourth quarter estimate for 2022. Don't panic, though, as there are still some ways to reduce your taxes, even though the year is already over. There are at least seven strategies that you can use to reduce your taxes for 2022 and continue to reduce your taxes with those same strategies into 2023. Discover the best ways to work out your quarterly estimates and reduce your taxes in this video The deadline for the quarterly estimate is tomorrow, but if you don't want to pay your quarterly estimates and you'd rather keep that cash for yourself, reach out to us at taxgoddess.com, and we'd be happy to try to help. ABOUT OUR CHANNEL Our channel is about educating you about US taxes and helping you with tax reductions that your CPA can't do for you. We cover lots of cool stuff such as: 1- Strategic Tax Coaching 2- Tax Planning 3- Tax Laws

End Of Year Tax Tips for Small Business Owners

This [End Of Year Tax Tips for Small Business Owners] video includes discussions of the following Topics related to [End Of Year Tax Tips for Small Business Owners] : ✅ [End Of Year Tax Tips] ✅ Business Taxes ✅ Year-End Tax Planning ✅ Ways to Boost Your [Tax Refund] ✅ Ways to reduce company tax liability ✅ How to minimize your small business tax liability ✅ Year End [Tax Planning] Tactics ✅ Year-End Tax Tips ✅ End of Year Barter Tips 🔴 Please also Join us in the Virtual Consulting Community by Subscribing to the Virtual Consulting YouTube Channel at 👉 and Please Click the Bell 🔔 Icon so that You are Notified and Never Miss an Episode, All for FREE. 📖 CHAPTERS 📖 00:00 - Introduction 01:48 - Forbes Article 09:47 - Year End Tax Prep 23:26 - Boost Your Tax Refund 36:25 - Minimize Tax Liability 44:39 - Year End Tax Planning 50:53 - Year End Tax Tips 00:07 - Year-End Tax Planning Tips 01:05:44 - EOY Barter Tips 01:11:22 - Barter Playlist 01:14:12 -

14 Last-Minute Tax Deductions You Don't Want To Miss (2022)

Watch this video to learn about some of the most important tax deductions you may be able to claim in the year 2022. From property tax deductions to charity contributions, we'll cover everything you need to know about last-minute tax deductions. It's still possible to take advantage of these strategies but you need to plan ahead and get started as soon as possible. Follow along with us as we go step by step through all these strategies so that you can be sure to take full advantage of them. Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 If you enjoyed watching our video, we hope that you will consider subscribing to the channel and following us on social media. We have a lot of great content coming in the new year, and we hope that you will be able to enjoy it with us. Show Notes: 0:00 Intro 1:41 IRA Conversion 9:00 Salary and Bonus 10:06 Pay your kids 12:35 Employee 401(k) Contributions 14:34 Ch

Tax Consequences of Ineligible Rollovers to an IRA : IRA & Investment Tips

Subscribe Now: Watch More: Ineligible rollovers to an IRA have some pretty important tax consequences that you're going to need to be aware of. Learn about tax consequences of ineligible rollovers to an IRA with help from a professional public speaker and radio personality in this free video clip. Expert: Kenneth Himmler Series Description: IRAs and investing in general can be complicated topics, so if you're feeling confused or overwhelmed its always important to consult the advice of a professional. Get tips on IRA and investment topics with help from a professional public speaker and radio personality in this free video series.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/tax-consequences-of-ineligible-rollovers-to-an-ira-ira-investment-tips/?feed_id=57415&_unique_id=63b78808a2ec7

6 Ways to Reduce Your Taxable Income in 2020 (Loopholes You Need To Start Using!)

Reduce your taxable income in 2020. With tax season just around the corner, who doesn't want more ways to pay fewer taxes? In this video, I explain 6 tax loopholes that will help you reduce your taxable income in 2020. I show you some easy ways to avoid taxes (legally!). Tax laws are structured wayyyyyyy in favor of investors, and you can take advantage of these rules even if you don't have a ton of money, to begin with. Using these tax loopholes will stack the odds in your favor and make the system work FOR you versus against you. ***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan *** That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me. __________ ***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to

Traditional vs Roth IRA: Which is Right for You? | Personal Finance Series

What’s better than watching videos from Alanis Business Academy? Doing so with a delicious cup of freshly brewed premium coffee. Visit www.lannacoffeeco.com and get free shipping on your online order. Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: Help us learn more about your experience by completing this short survey: An individual retirement account or IRA for short is a type of investment account that serves as a vehicle for purchasing a variety of investments in order to save for retirement. There are two types of IRAs: Traditional and Roth. Traditional and Roth IRAs differ mainly in how and when your money is taxed. In this video, you'll learn about the benefits of an IRA as well as some of the important differences that may influence your choice of IRA.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold

Ways Businesses Can Reduce Taxes and Plan for the Future

Ever wonder about ways businesses can reduce their taxes? Our Financial Planning Specialist, Matthews Barnett, CFP®, ChFC®, CLU®, goes over ways employees and small business owners can reduce their taxes and plan for the future through qualified retirement plans. Most employees who work for larger companies participate in or are at least aware of 401k plans. These plans can be strictly pre-tax or have Roth contribution components to them as well. However, there are also options for a solo 401k, SIMPLE IRA, and SEP-IRA. And for those in high deductible health insurance plans, there’s the option of an HSA or health savings account. Let’s describe each and how they differ from each other. Download our FREE guide on Ten Important Things to Know About Taxes: Schedule a consultation with one of our financial planners: Connect: Website: Facebook: LinkedIn: Instagram: Twitter: Podcast: YouTube: #wiserwealthmanagement #businesstaxplanning #waysbusinesscanreducetaxes

TAX POWER HOUR: Retirement Plans, 401k, TRADITIONAL IRA, ROTH IRA, and Cash Balance Plans

QuickBooks 30-day free trial + 30% off for 12 months: TAX POWER HOUR: Retirement Plans, 401k, TRADITIONAL IRA, ROTH IRA, and Cash Balance Plans by Hector Garcia, CPA... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/tax-power-hour-retirement-plans-401k-traditional-ira-roth-ira-and-cash-balance-plans/?feed_id=38879&_unique_id=6370479e85ec9 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #deduction #deferredcompensation #income #incometaxes #ira #limit #limitation #pensionplan #retirementplan #RothIRA #tax #taxdeductions #taxpowerhour #Taxableincome #taxes #traditionalIRA #TraditionalIRA #401k #deduction #deferredcompensation #income #incometaxes #ira #limit #limitation #pensionplan #retirementplan #RothIRA #tax #taxdeductions #taxpowerhour #Taxableincome #taxes #traditionalIRA