If you’re a solo business owner with strong, consistent income—and you’ve been maxing out your retirement plans—you might be wondering: What else can I do to lower my taxes and build wealth faster? There’s one option most business owners overlook: the Defined Benefit Plan (sometimes called a Pension Plan). What Is a Defined Benefit Plan?…
Tax
Quarterly Tax Payments Are Due 9/15
If you submit your tax payments quarterly, the deadline may be sneaking up on you. Here is a friendly reminder that your third quarter estimated tax payment is due on the 15th of September. While the IRS may delay refunds owed to people, they will definitely impose additional penalties on you if you miss your…