by joshwa@obsidianwm.com | Feb 21, 2023 | Uncategorized
ABCDEFGHIJKLMNOPQRSTUVWXYZ H How To Avoid Payroll Tax For Your Children Back to top P Power Of Hiring Your Kids To Work For Your Business Back to top T Table of Contents The History of 401(k)s Back to top W Why the 401(k) is a horrible idea Back to top...
by joshwa@obsidianwm.com | Feb 17, 2023 | Uncategorized
The Benefits and Power of hiring Your Children To Work For Your Business for virtually tax-free payouts is worth serious consideration. What could be better than cutting your annual tax liability using the IRS’s own tax codes? (Source: Publication 929 (2022), Tax...
by joshwa@obsidianwm.com | Feb 17, 2023 | Uncategorized
How To Avoid Payroll Tax For Your Children If Your Business Is An S Corp How Much Can You Pay Your Child Tax-Free? The new tax law has increased the amount from $6,300 to $12,950 (for 2022). So you may want to hire your child(ren) to work in your business. And you...
by joshwa@obsidianwm.com | Feb 4, 2023 | Retirement Planning
Lets Start With the 401k History It’s time we discuss why 401k’s are a bad idea however, we must first start with the history. 401ks are a old technology or retirement strategy that was created back in 1978 by accident almost. Congress passed the Revenue...
by joshwa@obsidianwm.com | Jan 21, 2023 | Retirement Planning
Why the 401(k) is a horrible idea Now please note this is my bias opinion after working with businesses and seeing how 401k’s are structured and where the money goes along with the accumulated growth (or lack thereof) occurs. So take this as you see fit. Lets...
