Author: tonynova
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Tax planning for small business owners in 2017
Tax laws change every year, often providing new opportunities for business and personal planning that can save money and improve our overall financial results. This year is no exception. While there are no major changes to tax law affecting small business owners this year, there are a number of more subtle developments in tax procedure…
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412i plan suitability
limitations and suitability issues for those considering the use of a 412(i) anniuty pension plan
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Use of life insurance in small business 412(i) pension plans
An explanation of the tax law changes affecting fully insured annuity pension plans
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Pension plan design and contribution calculation example
an example of how a one persion annuity pension plan contribution is calculated
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Target benefit annuity plans
how to use a 412(i) target benefit annuity pension plan for a self employed individual
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The education divide in political leadership
This presidential election cycle, more than any other event or time period in my lifetime, has highlighted the growing divide between people with different levels of formal academic education. The battle is playing out now in my home state and, I think, deserves more discussion despite the obvious risk of backlash. I consider myself to be…
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Why people prepare their own tax returns
Most Americans have the capacity to prepare their own tax returns. But should they? In cases where self preparation is not logical and is not cost-effective, what is the underlying reason driving the decision to self-prepare tax returns? This blog post explores some observations, Self-prepared tax returns About half of all individual tax payers can and should submit their own…