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What Is a Buy-Sell Agreement?
Summary: How do businesses separate ownership and assets if a partner divests, perishes, or becomes disabled? What happens if the company dissolves? You need to consider these possibilities carefully. Click through to learn some important truths about exit strategies.A buy-sell agreement stipulates how a partner’s share of a company will be reassigned if he or […]
Tax and Timing for Medical Expenses
Summary: When you want to take advantage of certain medical care deductions, the rules regarding what you can and cannot do seem straightforward. However, with some subtle planning, you can legally game the system to boost your deductions. Click through for tips on how to get the most out of the IRS.Let’s consider a married […]
How To Make Use of Annuities
Summary: Thinking about buying an annuity so you can get steady income when you retire? It may be a good idea, but there’s a lot to think about first. Click through to learn about the array of annuities to choose from. You want a steady income stream during retirement — and an annuity may be […]
Is Work Clothing Deductible?
Summary: Wondering whether you can take a deduction for the clothing you wear as a small-business owner? The answer isn’t simple. The IRS has strict rules on clothing deductions. Click through before you buy that Armani suit on the company’s dime.Can you deduct clothes as a business expense? In some cases, you can deduct the […]