Category: Business

Investing in an Individual Retirement Account (IRA) is an effective way to secure financial stability for retirement. Traditional IRAs offer tax deductions on contributions, and funds grow tax-deferred until withdrawal. However, a lesser-known tax lurks beneath the surface—Unrelated Business Income Tax (UBIT)—which could significantly impact your returns if not properly…

One of the most critical financial decisions you will make as a small business owner is how to pay yourself. The question, “Should I put myself on the payroll?” is not simple; it depends on your business structure, tax obligations, and financial goals. Misclassifying your compensation could lead to tax…