After putting the time, effort and money into opening your business, selling it can be a difficult decision to make. And yet, every year, thousands of the 30.7 million businesses in the U.S. are sold. For some business owners, selling can pave the way to new opportunities or a decrease in stress. Others, like the […]
Retirement
Offering Retirement Plans for Your Employees
The number of small businesses operating in the US is growing fast. Small businesses employ 47.5% of American private-sector workers, and that number keeps increasing as more people move away from corporate life. Although small businesses are popping up on every corner, they still face challenges from tight budgets and sparse resources. With that comes the need […]
Tax Deductions for Small Business Owners
If you own a small business, you know that every dollar can be important to the success of your business. One way to improve your odds for success is to make sure that you are taking all the tax deductions you’re entitled to. Especially if you’re just starting your business, you will want to claim […]
The Types of Small Business Retirement Plans
Small business retirement plans come in a number of different shapes and sizes. Some are easy to set up and use, while others offer scalability and flexibility. Whether you’re a sole proprietor or have hundreds of employees, there’s a retirement plan to suit your specific needs. Here are the four main types: Self-employed 401(k) If […]
4 Tips on Retirement Planning for Small Business Owners
Are your retirement plans in order? If not, we invite you to consider these 4 tips on retirement planning for small business owners: Don’t Let Your Business Be Your Only Retirement Plan CNBC reports on a survey with results indicating that 78 percent of the polled business owners had plans to fund their retirement by […]
Molding the Next Generation: More Than a Third of Business Owners Lack a Retirement Plan
Retirement is a subject many small business owners either deliberately shelve or shy away from taking any meaningful action. Research conducted by online resource center Manta indicated that 34% of nearly 2000 small business owners surveyed do not have a retirement plan. Of this group, another 36% said that they would still seek other job […]
The Importance of Pensions to SMEs
For SMEs to remain competitive in the current economic climate, it’s imperative that they’re able to retain and recruit the best possible talent. This can be challenging, however, particularly with small businesses being relentlessly squeezed by soaring inflation, declining consumer confidence and incrementally higher interest rates. While fintech innovations such as P2P lending and invoice […]
What Retirement Plans Can I Choose as a Small Business Owner?
As a self-employed small business owner or independent contractor, you’re likely so focused on the present. Every minute of every day, your mind is on making money to make a living for yourself and your family. This is an excellent goal, but you can’t forget about the future. You must have a retirement plan in […]
Retirement Plan Options for Small Businesses
According to the US Small Business Administration, small businesses employ half of all private sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits. If you’re like many other small business owners in the United States, you may be considering the various retirement plan options available […]
Are Your Employees Keyed in on Retirement?
In order to attract and keep the best talent, small business owners have to offer more than just a good salary. Of all the benefits used to lure and retain quality employees, retirement plans are among the most valuable.
