Main Street Business 24: How to Accelerate the Payoff of Your Mortgage
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Dec 17, 2014 Discover innovative strategies for accelerating mortgage payoff and sidestepping industry scams. Dive into the transformative effects of the 'sweeping' method and learn how to negotiate better mortgage terms with banks. Experts outline essential tax strategies for small businesses, while emphasizing the importance of financial literacy in personal relationships. Gain insights into leveraging property investments and the secrets to building wealth through smart debt management. A fresh take on financial decisions awaits!
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S-corp Payroll Allocation
- Determine your S-corp payroll allocation within the next three weeks.
- This is crucial for accurate IRS reporting.
Set Up a 401k
- Set up a 401k within the next three weeks to maximize contributions.
- Consider spousal contributions for increased tax benefits.
401(k) Compliance
- File Form 5500-EZ if your solo 401(k) holds over $250,000 in assets.
- The IRS offers a program waiving penalties for past non-filing until June 2nd, 2015.