It’s a wise decision to invest in modern technology

The changes in technology are evolving rapidly and has made it troublesome for business owners to adapt to these changes. In order to stay competitive, you must be willing to expend your financial resources. Strange as it may sound, technology upgrades demand a bit of soul searching. That is, before spending the money, you need […]

Do you want to withdraw money from your closely held corporation without getting taxed?

Are you planning to withdraw cash from your closely held corporation and don’t want to incur any additional costs? The easiest route most corporations take is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient since it’s taxable to you to the extent of your corporation’s “earnings and profits.” It’s also not […]

Turnaround acquisitions: Approach with care

M&A opportunities arise when a business adversely affected by economic circumstances decides that getting acquired by another company is the optimal — or only — way to remain viable. If you get the chance to acquire a distressed business, you might indeed be able to expand your company’s operational scope and grow its bottom line. […]

What you need to know about IRAs

While the rules for Traditional and Roth IRAs have changed many times, what hasn’t changed is the fact that they can help you save for retirement with potential tax benefits. Below is an overview of what you should know when thinking about opening an IRA or when making any contributions or distributions. Traditional IRAs You […]