Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are important to understand.

May 22, 2017 Stuart Mordfin, CPA, CGMA c corporation, disability insurance, life insurance, boost retirement savings, corporate alternative minimum tax, private companies, transfer of ownership, triggering events, long term disability, s of license, backruptcy, divorce, funding, heightened liability, tax implications, buy-sell agreement, owners death, legal incapacitation, cross purchase agreement, redemption agreement, company shares
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Whether you didn’t save as much for retirement as you would have wished earlier in your career or you’d simply like to make the most of tax-advantaged savings opportunities, if you’ll be age 50 or older on December 31, consider making “catch-up” contributions to your employer-sponsored retirement plan by that date. These are additional contributions beyond the regular annual limits that can be made to certain retirement accounts.
December 31, 2016 Ross DiMaggio, CPA retirement, retirement planning, retirement funding, 401ks, boost retirement savings, catch up contributions, simples, maximum limit on 401k, savings incentive match plan for employees, retirement accounts, self employed plans, individual 401k, solo 401k
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