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Self-Employed? 4 Retirement Plan Options

Self-employment comes with a lot of freedom, but it also comes with the responsibility to save for retirement. Here are four common retirement plan options for self-employed individuals and business owners to choose from.

by Margaret Amsden

May 17, 2023

Private Client Services

How to Set Up an IRS Online Account for Easy Payments

Dealing with the IRS is intimidating for many individuals. Using the IRS website to create an account provides you with ample time to review your records and complete payments or other activities without the pressure (or wait!) of speaking with an IRS representative to get the identical information.

by Margaret Amsden

March 2, 2023

Private Client Services

Private Foundations vs. DAFs: Pros and Cons

As we approach year-end, it is a good time to start thinking about charitable giving. Private foundations and donor-advised funds (DAFs) are two popular options to consider. Here are the pros, cons and tax impacts of each method.

by Margaret Amsden

December 6, 2022

Private Client Services

The Complete Guide to Roth IRA and Roth 401(k) Conversions

Doing a Roth conversion without understanding all the nuances and implications can be a recipe for disaster. Roth IRAs hit their quarter-century birthday this year and its much lesser-known brother—the Roth 401(k)— just turned a sweet 16. Using these powerful investment tools, we pay taxes on our contributions now in exchange for vast tax savings in the future.

by Margaret Amsden

October 11, 2022

Private Client Services

Estate Planning for Entrepreneurs

Whether you’re still growing your business or have already sold it to enjoy the fruits of your former labor, it’s easy to focus solely on your day-to-day life without thinking much about the future. It’s important to step back and plan for your ultimate wealth distribution by putting together an estate plan.

by Margaret Amsden

September 20, 2022

Private Client Services

Do You Have a Personal Balance Sheet?

A personal balance sheet provides an overall snapshot of your wealth at a specific period in time. If you are a business owner, a balance sheet can help you manage your business by identifying concentrations of certain assets, and when you might have too much of one thing or not enough of another to run your business.

by Margaret Amsden

April 11, 2022

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7 ESOP Considerations for A&E Firms

Employee Stock Ownership Plans can help facilitate succession planning while offering special advantages for owners and employees of architecture and engineering firms, including significant tax benefits. Learn more about the benefits of an ESOP and discover why you should consider one for your A&E firm.