by idei | Dec 17, 2024 | TaxBiz
A self-employed 401(k) plan, also known as an individual 401(k) plan, serves as a retirement savings option for small business owners without employees, aside from a spouse. This makes it an ideal choice for sole proprietors, independent contractors, partnerships, and...
by idei | Nov 21, 2024 | TaxBiz
There are several retirement plans for small businesses, ranging from one to many employees. At Wave Tax, we offer a variety of options to help you determine the most suitable plans for you and your business. Letβs explore these choices. β’ Individual 401(k) Plan:...
by admin | Feb 27, 2024 | TaxBiz
π Tax benefits are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how tax savings can work. In short, a credit gives you a...
by admin | Dec 14, 2023 | TaxBiz
π Tax Day may still be months away, but there are many steps you can consider before then that will help manage your bill. In fact, certain tasks should not, in some cases cannot, wait until next year, lest you miss out on potentially important opportunities. Here are...
by admin | Nov 29, 2023 | TaxBiz
β You know what’s a frustrating experience? Getting to season of taxes and then finding out you owe a hefty tax bill. β
You know what’s a much better one? Knowing how much you owe months in advance so you can prepare to pay that tax bill. π― And...
