Posted by Richard on July 9, 2014
The form of ownership you choose for your company can have lasting legal, financial, and tax implications. Here’s a review of some of the most common business structures. Sole proprietorship — Under this arrangement, one person owns 100% of the business. Taxes are paid using a regular Form 1040, with the addition of a […]
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With interest rates on government bonds and highly rated corporate bonds barely keeping up with inflation, investors are searching far and wide for better returns. One alternative is preferred stock.1 Preferred stock is often called a stock-bond hybrid. While technically an equity investment, shares of preferred stock pay a dividend, usually on a quarterly […]
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In an effort to ease the administrative burden placed on plan sponsors and to foster portability of retirement savings for plan participants, the IRS has issued guidance that simplifies the transfer of assets between all types of qualified retirement plans. IRS Revenue Ruling 2014-09, published in April, allows the plan administrator for the receiving plan […]
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