Bedel Financial Consulting

1 month ago | bedelfinancial.com | Evan Bedel |Sarah Mahaffa |Austin Stagman |David Crossman

What if I told you there was a strategy that allows your child to build wealth in a tax-advantaged account and benefits both your business and your child's financial future. Interested? Read on…Step 1: Set Up an LLC for Your ChildAs a business owner, you may want to explore the tax advantages of employing your children, especially when taking advantage of the 1099 income structure and, as a side benefit, introducing them to entrepreneurship.

Nov 11, 2024 | bedelfinancial.com | Evan Bedel

Do you have an LLC? Do you want to pay the federal government $500 per day in penalty fines? If not, then action needs to be taken before year-end! The Corporate Transparency Act (CTA) now has a Beneficial Ownership Information (BOI) reporting requirement that could cost you over $150,000 in penalty fines every year, and potential imprisonment, unless you file a reporting form online.

Oct 28, 2024 | bedelfinancial.com | David Crossman |Kate Sullivan

Workers have been contributing to the Social Security system since the program began in 1937, and retirees have been collecting benefits since that same year. However, we are increasingly hearing questions from clients, especially younger clients, about whether or not they will receive their promised benefits. The BackgroundEssentially, Social Security is a forced savings program designed to protect people from unexpected hardships.

May 16, 2022 | bedelfinancial.com | Chris Wakefield