How to Pay Your Estimated Taxes – Foster Financial
If you’re self-employed, then you are probably familiar with estimated taxes. Every year, people who are self-employed have to calculate how much they expect to earn for the year, and then figure out what the taxes would be for that amount of income. The resulting estimated taxes are paid to the IRS on a quarterly […]
Employees- Do you know how much they really cost? – Foster Financial
Picture this. You own a small business and have 10 employees. If each employee is paid $10 an hour and works 40 hours a week, then your total employee cost is $400 a week, right? Oh, if it was only that simple. When you calculate how much an employee costs a business, there is so […]
The Solo 401(k): a Popular Choice for Small Business Owners – Foster Financial
As a small business owner, how confident are you about your ability to live comfortably in retirement? According to a recent survey conducted by the Employee Benefit Research Institute, 76% of workers that have a 401(k) or other defined contribution (DC) plan are “confident” or “somewhat confident” about retiring comfortably. But for workers without the […]