Do you know the tax implications of your C corp.’s buy-sell agreement?

Do you know the tax implications of your C corp.’s buy-sell agreementPrivate 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.

Workers age 50 and up: Boost retirement savings before year end with catch-up contributions

12_06_16_178503133_ITB_560x292.jpgWhether 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.