SJG Blog
Tax Advantages of ROBS Rollovers for Business Funding
ROBS – or Rollovers as Business Start-ups – allow prospective business owners to use funds from their existing personal 401(k) or other retirement accounts as capital for buying a business. In addition to creating cash flow and minimizing the use of debt, ROBS are an attractive source of funds to
Using 401(k) Funds to Start a Business
https://youtu.be/v3MjyFzVf2A?si=kbSk48tbRV73v0L6 There’s a huge demographic shift happening in the United States, as millions of Baby Boomers are retiring and looking to sell the cash flow-positive businesses they’ve built during their working years. If you’ve ever considered starting or buying a small- or medium-sized business (SMB), now may be an opportunistic
How to Complete a W-4 Form
The Form W-4, Employee’s Withholding Certificate indicates how much federal tax to withhold from your income. If you received a surprise at tax time this year, it may be because your W-4 isn’t set up correctly. It’s important to keep your W-4 up to date so that it reflects your
Why Now Might Be the Best Time to Buy a Business?
Wealth managers and financial industry observers have pointed out that we are in the midst of a great wealth transfer driven by Baby Boomers. As Boomers (the generation born between 1946 and 1964) have aged, the savings and investments they worked hard to accumulate are now passing via inheritance to
Unlocking Retirement Savings to Fund a New Business
Many people have dreams of starting a business but lack the capital or funding needed to launch their new business ideas. It’s true: It costs money to start a business. The US Small Business Administration (SBA) says that how to fund a business is one of the first — and
Small Businesses Eligible for 401(k) Tax Credits
The Securing a Strong Retirement Act of 2022 (SECURE Act 2.0), passed in March 2022, expanded efforts to help Americans achieve retirement savings security. The bill sought to further remove obstacles to saving for retirement, including a lack of access to employer-sponsored plans. To incentivize employers to open new 401(k)
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IRS Form W-9 Best Practices
Which Business Financial Records Should I Keep? And For How Long?
