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Accountable Plans

WEBAn accountable plan is a plan to enable you to reimburse yourself and your employees from your business entity. The first important point in that is the word “employee.”. To take …

Actived: 7 days ago

URL: https://andersonadvisors.com/accountable-plans-reimbursed-expenses/

11 Estate Planning Mistakes to Avoid Anderson Advisors

WEB5. Outdated Beneficiaries and Assets. A common mistake with estate planning is failing to update beneficiaries and assets. Retirement accounts, life …

Category:  Health Go Health

How to Read and Analyze Quarterly Financial Statements

WEBQuarter-on-Quarter (QoQ) Quarter-on-quarter (QoQ) is a comparison of the current quarterly financial statements with the prior quarterly financial statements of a company. …

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Learn the 6 Reasons Everybody Should Have a Living Trust

WEBA living trust is a legal estate planning tool that can detail how assets are to be used or distributed in cases of incapacitation or death. It specifies the legal relationship …

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What You Should Include in Your Estate Plan

WEBKeeping a list of copies of important documents with your estate plan may be helpful to your beneficiaries. Key documents include bank account locations and log-ins, access to life …

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Asset Protection for Doctors: Part 1 of 3

WEBUltimately, there are three main areas doctors and other medical professionals need to address when considering protecting their assets and mitigating …

Category:  Medical Go Health

Real Estate Bookkeeping

WEBReal Estate Bookkeepers You Can Trust. With over 20 years of experience and over 40,000 clients nationwide, Anderson Business Advisors is the largest real estate tax, asset …

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Long Term Care Policy Long Term Care Insurance Policy

WEBIn 2016, the average cost of a private room in a nursing home was approximately $100,000 per year. The average cost for an adult day healthcare center …

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Top 9 Tax-Free Investments Everybody Should Consider

WEBKey Takeaways: Top 9 Tax-Free Investments. 401(k)/403(b) Employer-Sponsored Retirement Plan: Offers long-term investment with pre-tax contributions and …

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7 Frequently Asked Questions About Rollover IRAs

WEBAn IRA rollover account is an independently managed retirement account that allows you to empty the contents of your 401 (k) or 403 (b) or employee profit-sharing plan into an …

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Asset Protection and Tax Advisors

WEBToby Mathis, Esq. Founding Partner Attorney. Toby is an attorney on a mission to help investors and business owners keep and grow more. A founding partner of Anderson …

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Learn how the IRS defines a "Day Trader" here.

WEBUpdated March 15th, 2023. If you are a day trader in securities, when you file a tax return with the IRS, the IRS treats you as an investor by default. Being an investor, your …

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What Is a Nest Egg

WEBIt’s estimated that as of 2018, the average American has roughly $95,000 put away. It’s important to remember that a nest egg is meant to provide for your needs throughout …

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Can You Do Business Between Your For-Profit and Nonprofit

WEBToby Mathis, Esq. Founding Partner Attorney. Toby is an attorney on a mission to help investors and business owners keep and grow more. A founding partner of Anderson …

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How to Get a Letter of Testamentary

WEBStep 1: Obtain a Death Certificate. The first step in securing a letter of testamentary is obtaining a death certificate. In most cases, you can obtain a death …

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What is an Excise Tax

WEBIf, for example, someone contributed $10k to an IRA, their excise tax rate would yield a federal tax of $320. You will also owe an excise tax bill if you take money out of your IRA …

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How to File DoorDash Taxes DoorDash Drivers Write-offs

WEBGross earnings from DoorDash will be listed on tax form 1099-NEC (also just called a 1099) as nonemployee compensation. This is the reported income a Dasher …

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How to Qualify as a Real Estate Professional

WEBToby Mathis, Esq. Founding Partner Attorney. Toby is an attorney on a mission to help investors and business owners keep and grow more. A founding partner …

Category:  Health Go Health

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