For Business
US Treasury indicates about 70% of millionaires to be hit with new tax are small business owners.
Depending on which definition you choose of what defines a “small business owner,” any new “millionaire tax” is going to disproportionately affect the group that creates the most new jobs in our country. A new US Treasury study indicates that over 70% percent of so-called millionaires hit with this type of tax are small business owners. Almost every business…
Read MoreCan you use your 401(k) to start a business?
The answer is a very qualified yes. However, it’s not as simple as writing a check from your IRA. This Wall Street Journal article gives some basic guidelines. As the article clearly states, don’t do this on your own. Call us for professional help.Article excerpt “There are ways to use IRA and 401(k) funds to finance…
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