by GruffyGoat Team | Sep 29, 2015 | Retirement, Small Business
According to a survey by CNBC earlier this year, while 78% of small-business owners intend to sell their businesses to fund their retirements, fewer than 30% have a written succession plan. At the same time, more than 50% of small business owners are 50 or older. If...
by GruffyGoat Team | Sep 25, 2015 | Retirement, Small Business
Many small business owners may not be aware that they are required to file a return with the IRS for their retirement plan. If you miss filing a Form 5500-EZ and you have a small business retirement plan, you may face stiff penalties of up to $15,000 per missed...
by GruffyGoat Team | Sep 23, 2015 | Taxes
Back in earlier times, if you didn’t pay your taxes you’d be sent to debtor’s prison until you or a kindhearted family member came forward to pay what you owed. Thankfully, those days are long gone. But people still face the problem of owing more in...
by GruffyGoat Team | Sep 21, 2015 | Affordable Care Act
Under the Affordable Care Act, companies who employ 50 or more full-time employees (or their equivalents) are subject to the employer shared responsibilities provision in the law. A recent addition of the IRS’s Tax Tips discussed the implications of this...