
I often get asked about S Corps, LLC’s, Sole-Proprietorship and retirement account options and how they impact a small business owner from a planning perspective. First off, we are not CPA’s or Tax Attorneys focusing on business structure. That’s not a boring compliance disclaimer, but its’ actually important to realize that this is not just a tax decision but a legal and protection one.
We know there have been a number of mass layoffs in 2022. Being that we work with many clients in the tech industry, my team has been in touch with a number of people who have been affected by some of the most recent layoffs. From a financial perspective, there are some main topics you may want to think about if you find yourself in this position.
2022 is coming to an end. Have you taken these 3 financial action steps to prepare for the End-of-Year Deadline?