In this episode, hosts Josh Null and Will Steih discuss 401k plans from a business owner's perspective. They discuss if there is a best time of the year to offer a plan to your employees and how the Secure Act changed some of the filing deadlines starting with the 2020 plan year. They also discuss the benefits of having a 401k plan for attracting and retaining employees, especially in a tight labor market.
In this episode, hosts Will Steih and Josh Null discuss the impact of inflation and interest rates, particularly the current threat of rising inflation, and what it means to different groups of borrowers, investors and business owners.
In the episode, Josh and Jay discuss Estate Planning and how it applies to a broader range of people than typically assumed. This episode discusses how anyone with assets technically has an estate, irrespective of age or asset value.
Our current political leadership is currently discussing the first federal income tax increase since 1993. Some of the key talking points are increasing the top marginal tax rate by nearly 3%, from 37% 39.6%, and particularly targeting those with incomes of $400,000 or more.
If you or one of your fellow business partners were to become disabled or retired, or to pass away prematurely, who would gain control that ownership share of the business? Once that fundamental question is answered in a written Buy-Sell Agreement, the next step is provide funding so this transition can be financially completed.
Employee retention, especially in highly competitive industries and/or a tight labor market, is an issue facing many business owners. How do you attract, retain, and keep satisfied the most talented and productive members of your labor force?