Posts

Showing posts with the label taxes

Damon Paull update:

๐Ÿช™⛹️‍♂️ Small business owners, can you invest in your kids? ๐Ÿคท๐Ÿป‍♀️๐Ÿ’ก ๐ŸŒŸToday, I've got some golden insights; even though it's finance, there's no need to quit & give up! ๐Ÿคน‍♀️You’re a small business owner; a pro at juggling multiple responsibilities & looking out for your family's well-being. Why not take it a step further & give your children the gift of long-term financial stability? ๐ŸŽAs I promised - sexy pro-tip: consider setting up a Roth IRA for your kids! ๐–๐ก๐ฒ ๐ข๐ฌ ๐ƒ๐š๐ฆ๐จ๐ง ๐’๐š๐ฒ๐ข๐ง๐  ๐“๐ก๐ข๐ฌ ๐‚๐š๐ง ๐๐ž ๐š ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐จ๐ฏ๐ž ๐Ÿ๐จ๐ซ ๐˜๐จ๐ฎ๐ซ ๐Š๐ข๐๐ฌ: ๐ŸŸชTax-Free Growth: Investments in a Roth IRA grow tax-free, meaning your kids can benefit from your foresight without handing a slice of their earnings to Uncle Sam. ๐ŸŸชEarly Financial Lessons: By contributing to their Roth IRA, you're teaching your kids the value of savings & investment from a young age. ๐Ÿ’ ๐„๐š๐ฌ๐ฒ ๐’๐ญ๐ž๐ฉ๐ฌ ๐ญ๐จ ๐’๐ž๐ญ ๐”๐ฉ ๐˜๐จ๐ฎ๐ซ ๐Š๐ข๐๐ฌ' ๐‘๐จ๐ญ๐ก ๐ˆ๐‘๐€: 1...

ERC

< div course=" et_pb_module et_pb_text et_pb_text_0 et_pb_text_align_center et_pb_bg_layout_light" style=" box-sizing: border-box; margin: 0px 0px 28.1924 px; extra padding: 0px; border: 0px; rundown: 0px; text-size-adjust: 100 %; vertical-align: standard; background-image: initial; background-position: 50% facility; background-size: cover; background-repeat: no-repeat; background-attachment: preliminary; background-origin: preliminary; background-clip: first; placement: relative; animation-timing-function: linear; animation-duration: 0.2 s; overflow-wrap: break-word; text-align: facility;" > It's credit associated with employment tax obligations, however it's based upon earnings you paid to your employees, so it's basically gratifying you as a company for keeping your people paid throughout the pandemic. Developed by the CARES Act, the ERC is   a refundable tax credit-- a grant, not a financing-- that a business can declare also if they needed to ...