Monthly Archives: September 2011

Look into the benefits of a solo 401(k)

Posted on September 30, 2011 by PADRÓ & Company, P.A.

Have you heard about solo 401(k) plans? The traditional type of 401(k) retirement plan is now available for self-employed individuals. And it lets you save more than other types of plans.In the past, 401(k) plans were typically offered by larger corpor… Continue reading →

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Should you “ROBS” your 401(k) to start a new business?

Posted on September 28, 2011 by PadroCPA

ROBS is an acronym for a relatively new financing arrangement known as a “rollover as business startup” being touted on the Internet and arranged by some investment firms.Typically a ROBS works like this: You pay a fee to a plan sponsor to create a cor… Continue reading →

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Do you owe taxes when you give a gift?

Posted on September 20, 2011 by PadroCPA

Some gifts are big, others are small – and the Internal Revenue Service expects you to report them all.Or do they?Gift giving can be an important tax planning strategy. This year, a slowing economy might lead you to help family members with upcoming fa… Continue reading →

Posted in Income Tax, tax return | Comments Off