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SEATTLE, May 3, 2021 /PRNewswire/ While business owners have had a lot of things to worry about over the past year, their 401(k)s haven t been one of them. In fact, 401(k)s have not only recovered and gone on to perform incredibly well over the past year, but also provided much-needed relief in the form of a reduced taxes, protection of 401(k) retirement savings during bankruptcy, and the ability to borrow money from balances without penalty.
To help call out these important benefits, and help more businesses start an affordable plan
, ShareBuilder 401k is waiving set-up pricing on all its 401(k) plans May 3 - 21 charges that normally run between $150 for a self-employed business owner opening a Solo 401(k) and $495 to $995 for businesses with multiple employees. In addition, companies with 1-100 employees can receive up to $5,000 in tax credits for plan costs when they start their first plan each year for the first three years of the pla
Millions are getting unemployment tax bills, Congress sending some relief
and last updated 2021-03-10 17:05:47-05
More than 20 million Americans lost their jobs in 2020, and roughly 9 million people are still unemployed.
Many of those who filed for and received unemployment benefits are now surprised by a hefty tax bill. For some, their bills have been a few hundred dollars, and for others, itâs been a few thousand.
Dotti Ohlman, for example, owes more than $6,000 in taxes this year, which is more than she has owed in 10 years. She had three jobs prior to the pandemic, but she lost them all at the very beginning of shutdowns in Arizona and has not been able to work since. A tax bill on unemployment benefits she received and on a life insurance policy she had to cash out is another bill she wonât be able to pay.
Butler County residents flood officials with calls after getting higher tax bills
Mark Lennihan/AP
FILE - In this April 3, 2019, file photo a tip box is filled with U.S. currency in New York. Refinancing can pay off your existing student loans, replacing them with a new loan with new terms and a single payment. Some private refinance lenders allow you to consolidate your loans with your spouseâs or co-sign a loan for him or her. This may benefit you if you wouldnât qualify for refinancing on your own. But combining or co-signing loans puts you on the hook for the entire debt.
Corporate taxes are typically a volatile source of revenue, particularly in Alberta where the ups and downs of energy prices drive huge swings in profitability and taxable income