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Avoiding 5 percent owner status for retirement plan distribution purposes

by Bruce E. Bell | Feb 15, 2024 | Sales Rep Articles

Many individuals continue to work into their retirement years, whether due to financial need, personal desire or some other motivation. A meaningful portion of these workers are high-wage earners who pay tax at the maximum or near maximum income tax rates and do not...

Maximizing the qualified business income tax deduction for sole owner/sole employee businesses

by Bruce E. Bell | Oct 23, 2023 | Sales Rep Articles

The 2017 Tax Act introduced a new deduction for pass-through entities. Owners of S corporations, sole proprietorships, partnerships and limited liability companies treated as sole proprietorships are entitled to an income tax deduction of up to 20 percent of their...

Reaping retirement plan benefits from the most tax-friendly retirement plan

by Bruce E. Bell | Jul 27, 2023 | Sales Rep Articles

Suppose you were asked to design the most taxpayer-friendly retirement plan possible. If given a choice, you would want a plan that allows for generous annual contributions. The contributions would be tax-deductible, regardless of whether or not you itemize deductions...

Premium Financing — An Inexpensive Means of Purchasing Life Insurance

by Bruce E. Bell | Feb 22, 2023 | Sales Rep Articles

The ownership of life insurance is a much-needed component of business succession and personal financial plans. Life insurance needs vary from funding needed to purchase the ownership interest of a business partner upon death, creating liquidity for the family of a...

Classification of Manufacturer’s Representatives as Employees or Independent Contractors

by Bruce E. Bell | Aug 3, 2022 | Sales Rep Articles

The determination is significant because different tax treatment results from the classification of the representatives. When manufacturers engage representatives to sell their products, a question arises as to whether the representatives are employees or independent...
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