March 09, 2019
How To Beat Trumps Tax Increase
Most business owners just want to run their business and be left alone. It’s hard enough earning a living in Illinois, but property taxes alone can consume most of your 2018 maximum retirement contribution limit of $18,500 for a 401(k) and $6,000 “catch up” if you’re over 50.
How do you “bulk up” retirement contributions when business is good, knowing the next recession is just around the corner and the tax burden never seem to ease?…