Financial Therapy: An Emerging Field to Address Money and Emotional Issues

From holistic accounting practices, which concentrate on a broad spectrum of financial elements, we are now moving towards an even more personalized approach — financial therapy. This field aims to address the nexus between emotional well-being and financial stability, helping individuals navigate the often stressful landscape of personal finance with ease and confidence.

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SEP IRA vs. Solo 401(k): Which Plan Offers Greater Flexibility and Tax Benefits for the Self-Employed?

As a self-employed person, saving for retirement is an important part of effective financial planning. Fortunately, there are several retirement savings options available that offer tax benefits and the ability to save for retirement. Two of the most popular options for self-employed individuals are SEP IRAs and individual 401(k)s, also known as solo 401(k)s.

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S-Corp Elections in a Post-QBI World: Do They Still Make Sense?

S Corp Tax

The Tax Cuts and Jobs Act (TCJA), signed into law in 2017, has brought about significant changes in the US tax landscape, impacting businesses and individuals alike. One of the most notable changes introduced by the TCJA is the Qualified Business Income (QBI) deduction. This new tax provision has raised questions about the continued relevance of S-Corporation (S-Corp) elections for small businesses. In this blog post, we will examine the impact of the QBI rule changes on S-Corp elections and whether they still make sense in the current tax environment.

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Building Sustainable Wealth: What is Holistic Accounting?

Holistic accounting is a way of looking at an individual’s full financial ecosystem, rather than just focusing on their business. It takes into account a wide range of factors, including business and personal financial activities, credit health, investments, estate-planning, and other non-standardized ways of looking after our financial world.

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The Connection Between Finances and Mental Health: How to Achieve Both

As a small-business owner, managing your finances can be a constant source of stress and anxiety. While it’s important to keep track of your financial health, it’s also crucial to take care of your mental health. Here are some ways that small-business finances can impact your mental health, and strategies for managing the stress.

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7 Steps to Change Your Business Name with the IRS: A Guide for Compliance and Smooth Operations

Articles of Organization

Changing the name of your business can be a daunting task, especially when it comes to updating your information with the IRS. However, with a little bit of planning and attention to detail, the process can be a smooth one. In this blog post, we will go over the steps you need to take to change your business name with the IRS and ensure that your business remains in compliance with all tax laws.

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