Trump Payroll Tax Deferral

By Travis Sickle, CFP®, EA® | August 9, 2020

Here is the White House Memo on the Payroll Tax Deferral   Here  is the code for the Treasury Secretary Power to delay Payroll taxes 26 U.S. Code § 7508A. IRS site for CARES ACT section for deferral of employment taxes   Here is the tax code for social security 26 U.S. Code § 1401.Rate of tax

SBA EIDL loan explained | Loan Agreement

By Travis Sickle, CFP®, EA® | July 21, 2020

EIDL Grant Update July 12th

By Travis Sickle, CFP®, EA® | July 12, 2020

Small Business Tax Loophole 2020

By Travis Sickle, CFP®, EA® | March 22, 2020

In the midst of the Coronavirus pandemic small businesses are struggling financially. The government is rolling out relief and some of it has helped and more is on the way.  The relief bills should be looked at closely including the ones for small business and individuals.  One of the proposed sections for individuals may offer…

How to calculate SIMPLE IRA contributions for the Self-Employed

By Travis Sickle, CFP®, EA® | March 13, 2020

If you’re confused about the SIMPLE IRA for the self-employed you have come to the right place. There is a lot of confusion on the correct formula for the SIMPLE IRA contributions for the self employed because the IRS has contradictory information on their website, publications and tax codes. I figured this out after using…

5 Money Management tips for Small Business Owners

By Travis Sickle, CFP®, EA® | June 30, 2016

Small business owners are the backbone of our economy.  And becoming one myself has been one of the most rewarding adventures of my life. It’s full of challenges, most that go far beyond my craft. And opportunities that seem to appear out of thin air — there is never a dull moment. I’m not one…

Small Business Owners: 3 Steps for Saving on Taxes

By Travis Sickle, CFP®, EA® | January 6, 2014

Small business owners know tax season is chaos.  And maintaining an efficient organization can become complicated and tedious. With the changing tax laws and the constant mission of tax savings, you can feel bogged down and lost. Here are a few strategies that you can use to help ease the process of dealing with tax…