SJG Blog
Wealth Preservation Using a ROBS Financing Strategy
We’re seeing a significant demographic shift shaking up the small and middle-sized business (SMB) market. As Baby Boomers are aging and retiring, many are looking to sell their businesses, which represents a significant opportunity for would-be entrepreneurs to explore a chance at business ownership. Finding the capital to buy
Protect Your Future: Asset Protection with ROBS
A Rollovers as Business Start-ups (ROBS) strategy for starting or buying a business has numerous benefits, including ready access to cash flow and tax advantages. In addition, a ROBS strategy offers attractive asset protection benefits. A ROBS strategy involves using money from a 401(k) plan to invest in an operating
Complying with the Corporate Transparency Act
If you’re a business owner, you’ll want to be aware of your reporting obligations under the Corporate Transparency Act, which went into effect on January 1, 2024. S.J. Gorowitz Accounting & Tax Services is available to provide this reporting as a service to our clients, or clients may use the
Tax Advantages of ROBS Rollovers for Business Funding
ROBS – or Rollovers as Business Start-ups – allow prospective business owners to use funds from their existing personal 401(k) or other retirement accounts as capital for buying a business. In addition to creating cash flow and minimizing the use of debt, ROBS are an attractive source of funds to
Using 401(k) Funds to Start a Business
There’s a huge demographic shift happening in the United States, as millions of Baby Boomers are retiring and looking to sell the cash flow-positive businesses they’ve built during their working years. If you’ve ever considered starting or buying a small- or medium-sized business (SMB), now may be an opportunistic time
How to Complete a W-4 Form
The Form W-4, Employee’s Withholding Certificate indicates how much federal tax to withhold from your income. If you received a surprise at tax time this year, it may be because your W-4 isn’t set up correctly. It’s important to keep your W-4 up to date so that it reflects your
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IRS Form W-9 Best Practices
Which Business Financial Records Should I Keep? And For How Long?
