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https://www.mysolo401k.net Last Updated on 12/22/2022 Depending on what stage you are in the solo 401k process, you basically need to be aware of the following 4 important solo 401k deadlines: Solo 401k Contribution Deadline Solo 401k Establishment Deadline Solo 401k Loan Payment Deadline Solo 401k Form 5500-EZ Filing Deadline Solo 401k Form 1099-R Filing Deadline Solo 401k Contribution Deadline Contributions to a Solo 401k plan must be made by your business tax return due da

Many companies, especially smaller ones, do not create a budget. This can lead to financial problems down the road. Spending can easily get out of line with cash inflows when there is nothing to guide expenditures. Setting a budget can help companies better manage their cash flows, aligning expenditures with operating activities. Operating without a budget is like driving in the dark. The budget requires management’s ongoing attention for it to remain relevant. A change in op

Did you make a profit this year and is wondering what you can do to reduce your taxes? Well, it is not too late to get that professional advice from your CPA, CFO or tax professional. To get proper advice on how to reduce your taxes and save for retirement, your financial statements must be up to date and accurate. What are you waiting for? You have exactly 45 days before the end of the year to get your books in order. Give us a call and we will help you get your books up

Being an outside CFO to our clients is one of the services we offer. Many entrepreneurs we talk to do not understand the types of service outside CFOs offer. For those of you wondering what an outside CFO can do for your business, we touch on some of the things an outside CFO brings to the table. 1 - Be Your Financial Eyes and Ears The CFO is your go to person for understanding and interpreting all accounting and financial matters related to your business. The CFO will help y

It is common knowledge that the IRS audits a very small percentage of tax filers – less than 1% - but audits are spread unevenly among income groups. The IRS has limited resources, so it prioritizes where it spends them. Naturally, the IRS directs most of its resources towards larger earners. According to the IRS , it audits 8.2% of taxpayers with incomes above $10 million, 2.5% of those with incomes between $1 million and $10 million, and less than 1% for incomes below $1 mi

The Democrats' $1.9 trillion stimulus plan signed by President Biden on March 11, 2021 - The American Rescue Plan Act - has goodies for almost everyone, from individuals getting stimulus checks - officially called recovery rebates, or, as the IRS calls them, economic impact payments, to states getting billions of dollars to help balance out of whack budgets. We take a look at some of the help coming to individuals and businesses. Recovery Rebates Individuals earning under $7

Companies are in business to make profits, plain and simple. Most business owners therefore focus on generating a profit and forget about something more important to the survival of the business than profits: cash in the bank. While the ultimate goal is to make a profit, without cash to pay workers and bills and expand the business, profits will be meaningless as the business will eventually fold. Profitable businesses have gone under because of a lack of cash. Successful com