Self-Employed Business Owners: What’s the Right Retirement Plan for You?

If you own a successful small business with no employees, you might be ready to set up a retirement plan. Or you might want to upgrade from a more-basic SIMPLE IRA or Simplified Employee Pension (SEP) plan. Here are two options – solo 401(k)s and defined benefit pension plans – to consider if you have healthy

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New Hire!

Our newest hire, Danielle Milczski, started with us on October 18 as our Assistant Firm Administrator. She has been a great addition to our team already! Some of her hobbies include book club, sand volleyball, playing cards, and antique shopping. Welcome, Danielle!


October in our office was officially changed to Crocktober! Each week on Friday, volunteers at the office brought some type of dish in a crock pot. Some of the favorites included chili, queso, wings, and buffalo dip. This was a huge hit, so it’s safe to say this will be returning again!

Business Ownership 
Is Self-Employment Right for You?

For some time now, the media has highlighted the so-called “Great Resignation,” where legions of people have left their former jobs. If you’re among those who’ve resigned or you’re thinking about quitting, you may be considering a shift to self-employment. Before making the leap, though, you need to consider several factors that could be pros

Retirement Planning 
Effective Retirement Planning Includes Contingencies

Roughly one in five Americans in the workforce believe that “working for pay” will be a major source of their retirement income. This is according to the “2018 Retirement Confidence Survey” produced by the Employee Benefit Research Institute (EBRI). Nearly half of respondents believe paid work will be a minor source of retirement income for them.

The IRS Has Announced Various Tax Benefit Increases for 2023

The IRS announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure 2022-38 provides details about these amounts. Because inflation is high, many of the amounts for 2023 will change more than they have in recent years. Here are some of the tax amounts for 2023, as compared with 2022. Tax Item 2023 2022

Football Friday!

Each Friday during football season, our employees can come to work dressed in their favorite team’s swag! As you can probably tell, we have a lot of Big Red fans!

H/D Golf Outing

In celebration of another successful deadline on September 15, our firm took Friday afternoon off to hit the links! We played 18 holes of golf on a gorgeous day at The Pines Country Club. It was truly a perfect day, and our staff had a blast! It was great to see everyone having such a

New Rules for EV Tax Credits Under the IRA

You’ve probably heard that the newly enacted Inflation Reduction Act of 2022 (IRA) includes a package of measures to fight climate change, including tax incentives for both consumers and businesses. Among other things, the law extends and revises a tax credit for buying a “clean vehicle” through 2032. This was previously referred to as the electric

Estate Planning 
Time to Check Your Beneficiary Designations

For 2022, the federal estate tax exemption is $12.06 million (effectively $24.12 million for a married couple). With such a generous exemption, you might assume that you don’t need to worry about the federal estate tax if you die. Plus, after taking a beating in the stock market this year, the assets in your estate may