Banking & Finance

Six tax-reform considerations for 2019 and beyond

The passage of the Tax Cuts and Jobs Act in December 2017 ushered in significant changes to the U.S. tax code. From new tax deductions to accounting method changes to succession-planning opportunities, below are some strategies for business owners to consider with a new year underway. As with most tax provisions, there are no cookie-cutter applications for these concepts – it all depends on your business circumstances and objectives, so be sure to discuss the specific details with your...

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Cash-balance plans can help business owners catch up

Business owners in the Lehigh Valley such as sole proprietors, physician practice partnerships, law practice partnerships and entrepreneurs can reduce their personal and business tax burdens while substantially increasing retirement savings by offering a cash-balance plan to both owners/partners and employees. What distinguishes cash-balance plans from other retirement-savings vehicles is that they have significantly higher contribution limits than more traditional retirement plans – and...

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Three rules on the path to financial success

You can find financial advice everywhere — TV, the internet, friends, and family. It’s all over the place. Some of it’s good; most of it’s not. And to make matters more confusing, most advice is situation-dependent. Your neighbor’s perfect financial plan may turn out to be a disaster for you.

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