Retirement is the light at the end of the tunnel for most of us. That dream state when we can hang with the grandkids all we want, go boating all summer long or take the RV and forget the world. As a numbers guy I get numbers and raw data, to that end there is a retirement calculator linked below. Don’t just blindly plan or fail to plan, take a few minutes and figure out what you will need and start saving today.
#knowyournumbers #money #retirementplanning
Plan for Charitable Giving
As part of your budget or business plan there should be charitable works or donations. It can be something in your wheelhouse; like a CPA doing taxes for veterans, or totally out of the box, like a lawyer serving at a food bank. Ask yourself: what can I do to give back and how can I help.
#charity #giveback # #charitablegiving
https://www.businessinsider.com/companies-that-give-the-most-to-charity-in-the-us-2018-9
Labor Day
Wonderful 3 day weekend is here, let’s celebrate the laborers in America and what they have meant to our great country. The great nation we enjoy today was built through the amazing American worker. Take a few minutes this week to thank your team for all they do, it really does mean a lot.
#laborday #thankyou #americanmade
Quarterly Tax Payments
Quarterly Estimated Taxes are key to ensuring compliance with IRS expectations. If you are a new business owner this can be confusing and intimidating. Linked below is a great article from the IRS, if you need some help with developing a quarterly and yearly tax plan please send me a message or email today.
https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
Deferred Payroll Taxes
Deferred payroll taxes, with the current iteration of the process this could hang a fair amount of the burden on the employer. If you defer the taxes then the employee leaves the taxes still come due, this could hurt a bit. We need some concrete answers as to how this will be handled, who pays and when and what the process looks like. Still far to many unanswered questions.
#money #taxes # #bookkeeping #payroll