SJG Blog
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
https://youtu.be/v3MjyFzVf2A?si=kbSk48tbRV73v0L6 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
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
Why Now Might Be the Best Time to Buy a Business?
Wealth managers and financial industry observers have pointed out that we are in the midst of a great wealth transfer driven by Baby Boomers. As Boomers (the generation born between 1946 and 1964) have aged, the savings and investments they worked hard to accumulate are now passing via inheritance to
Featured Posts
IRS Form W-9 Best Practices
Which Business Financial Records Should I Keep? And For How Long?
