Small Business and Self-Employed Business Owners Help Center

A 10 Step Guide to Successful Small Business Management

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Table of Contents

Ten Building Blocks
to Success:
 1. Starting a Business
 2. Financing a business
 3. Company Name
 4. Office Equipment
 5. Hiring
 6. Business Insurance
 7. Advertising
 8. Efficiency
 9. Pension Plans
 10. Succession Plans

 Checklist for Success

 More Useful Advice:

Life Insurance

Disability Insurance

Medical Insurance

Long Term Care

Travel Insurance

Dental Insurance

Auto Insurance

        Resources

Helpful Links Page 1

Helpful Links Page 2

Helpful Links Page 3

Business
Opportunities:

Home-Based Business
Opportunities

Virtual Call Center
Job Opportunities

Dental Practices:
Buy, Sell, Valuation

Medical Practices:
Buy, Sell, Valuation

 Businesses For Sale

 Sales Leads

 Gifts For Clients

 

 

IRA Plans


 
  
Traditional and Roth IRAs are available to anyone with employment income. You would choose this option for any of these reasons:

            (a) The amount you are eligible to contribute is all you want to contribute.
            (b) You do NOT want to establish a pension plan at work.

   This year the maximum contribution to either  a Traditional or Roth IRA 100% of income, up to a maximum
   of:

                                            $5,000 if under age 50

                                            $6,000 if age 50 or over

   (a) Traditional IRA

    If you are NOT in a pension plan then your contribution to a Traditional IRA, up to the maximum, is tax deductible.

    If you are also a participant in a pension plan, the maximum TAX DEDUCTIBLE contribution to a Traditional IRA, based on income, is as follows:

                                                            Tax Filing Status
                                                   Single                         Joint

Full IRA Contribution                          $50,000                    $75,000

Partial IRA Contribution              $50,001 - $59,999     $75,001- $84,999

No IRA Contribution:                            $60,000 +                $85,000 +

    (b) Roth IRA

    Contributions to a ROTH Ira are NOT tax deductible under any circumstances.

    The maximum contribution to a Roth IRA is based on income, whether you are in a pension plan or not:

                                                            Tax Filing Status
                                                   Single                         Joint

Full IRA Contribution                          $95,000                    $150,000

Partial IRA Contribution              $95,001 - $109,999     $150,001- $159,999

No IRA Contribution:                            $110,000 +                $160,000 +

 

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