Running a small business is a difficult task and creating a plan for your taxes can become an afterthought. Making tax mistakes can lead to large unexpected payments and even fines. Business owners need to be mindful of their expected tax payments and be aware of the changing regulations.
Most people have a disconnect between thinking about their later years and actually taking action, especially when it comes to estate planning and health care directives. Maybe it’s a fear of mortality and maybe it’s uncertainty about medical treatments. Regardless of the reason, the fact is that most Americans don’t have a defined plan to get them through their end of life years.