Here’s what employers are looking for…. http://fortune.com/2019/03/28/recent-college-graduates-jobs-2019/
New Tax Deductions for Qualified Business Income
This deduction could be reduced or not available at all if taxable income is over the threshold. For example, if a business owner is married and files jointly and taxable income is:
> Less than $315,000: Full deduction
> $315,000 to $415,000: Partial deduction
> Above $415,000: No deduction
Take Control of Your Taxes —-
And Your Money
~ Market experience
~ Interest rates
Will Your Business Survive Your…..
Disability? Retirement? Death?
As an owner of a closely held company, only three choices exist for the disposition of your business interest:
1. Sell to co-owners, family members or outside third parties
2. Liquidate the business
3. Retain the business with the family
Protecting the Survival of Your Business
Over the last 50 years, the idealized post-Second World War family of two married parents, their 2.2 children and a pet all living together under one roof has ceased to become a reality for most people.
Often they want to keep the wealth within family lines — “what’s mine is mine and what’s yours is yours”, but this plan starts to break down when there are “our” children and/or when there is a significant disparity in wealth to which the lower-income family becomes accustomed.
Some Statistics on Blended Families:
~ 40% of U.S. households include at least one
step-relative or a half-relative
~ 52% of all Americans under age 30 have a step-
~ 45% of families in the West include step- or
~ 18% of families have a living stepparent
It is important to become familiar with these financial situations and the solutions available. We at Financial Wealth Solutions can help. Contact us today.