Most U.S. equity indices more than erased their 2022 slides. The S&P 500 returned 26 percent on the year and the NASDAQ returned a whopping 45 percent, its best year since 1999 as continued economic momentum and an artificial-intelligence frenzy drove technology shares to outsized gains.

An outstanding year for asset returns came despite intensified geopolitical and political uncertainty.

This article will illustrate how standard deduction and marginal tax bracket changes might affect your income, tell you how to maximize your retirement savings in 2024 and show how some proactive tax planning can help you save more money.

It may be hard to imagine right now, but when you think about it, odds are that the business you’ve worked so hard to create will be owned by someone else in the future.

Eventually, you will either give up the helm voluntarily before or when you retire, or involuntarily as the result of an unexpected event.

A Section 162 executive bonus plan is a way to attract, reward, and retain key employees using life insurance.

Knowing the value of your business is always important, but changing economic and business factors make having a current valuation even more vital.

As a business matures, it may need more leaders than followers.

If you’re a business owner and you are thinking about retirement, then you need to start thinking about succession planning. It’s critical to the best interests of your family and your finances. It’s also critical to the success of your successor

Start spreading the news: millions of small businesses and their workers now have a new opportunity for a more secure retirement.

Congress has made retirement savings history with passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of the government appropriations bill for fiscal 2020. President Donald Trump signed the bill on Dec. 20, 2019, clearing the way for the most impactful retirement legislation in decades.

Passage of the SECURE Act provides millions of small businesses several advantages:

• The ability to band together to offer retirement plans (PEP 401k Plans)

• Increased lifetime income offerings

• New enrollment and tax changes to boost worker savings