Spotlight on Pass-Through Entities under the Tax Cuts and Jobs Act

Spotlight on Pass-Through Entities under the Tax Cuts and Jobs Act

The federal income tax treatment of business entities has changed dramatically under the new tax law. For tax years beginning after December 31, 2017, C corporations will pay a 21% flat tax rate. Meanwhile, income from pass-through businesses will still be taxed at the owners' rates but owners will get a valuable new tax deduction. So which type of entity is best under the new rules?

Avoiding the 10% Penalty On Early IRA Withdrawals

Avoiding the 10% Penalty On Early IRA Withdrawals

or one reason or another, you may need to take some money out of an IRA before reaching retirement. You can withdraw money from an IRA at any time and for any reason, but it's important to keep in mind that most IRA withdrawals are at least partially taxable. In other words, you'll owe regular income tax on the amount. In addition, the taxable portion of a withdrawal taken before age 59 1/2, which is called an "early withdrawal," will be hit with a 10% penalty — unless you qualify for an exception.

Ethical Sales Is Not an Oxymoron

 Ethical Sales Is Not an Oxymoron

You know you're operating a reputable business, but is that the impression your sales force is leaving with potential customers? Or is your sales team willing to say whatever it takes to seal the deal? In today's cutthroat business climate, it's easy to lose sight of what constitutes an ethical sales program. To preserve your company's good name, don't overlook your sales force when building an ethical business culture.