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I run a pool business in Phoenix and contribute the maximum to my IRA annually. I believe a SEP could be a better option for retirement savings, but my CPA disagreed. Who is correct?

I run a pool business in Phoenix and contribute the maximum to my IRA annually. I believe a SEP could be a better option for retirement savings, but my CPA disagreed. Who is correct?

Question from a Small Business Owner A small business owner running a pool service in Phoenix, Arizona, inquires about their eligibility for a SEP IRA despite their CPA’s suggestion that they do not qualify. They mention contributing to an IRA up to the maximum amount annually and seek advice on this matter, having researched the […]

Wealthy Californian tax could jeopardize capitalism and business job growth

Wealthy Californian tax could jeopardize capitalism and business job growth

California’s Billionaire Tax Proposal Raises Concerns It’s interesting how California has managed to secure its place as the fifth largest economy in the world. The rise of Silicon Valley didn’t come from government regulation, nor did Hollywood become a storytelling giant due to bureaucratic planning. It was entrepreneurs, innovators, and risk-takers who built California, driven […]

Woman files lawsuit claiming town allowed criminal immigrant to operate business

Woman files lawsuit claiming town allowed criminal immigrant to operate business

Massachusetts Woman Sues City Over Alleged Assault by Business Owner A woman from Massachusetts is suing the city of Hopkinton, claiming that local officials irresponsibly allowed a criminal immigrant, known for workplace sexual violence, to operate his business. She alleges he assaulted her when she was just 16 years old. The lawsuit, which found its […]

Business jet slides 300 yards off Colorado runway during crosswind situation

Business jet slides 300 yards off Colorado runway during crosswind situation

Private Jet Accident in Colorado On Tuesday, a private business jet with three individuals onboard encountered a sudden, powerful gust of wind while attempting to land, causing it to veer off the runway at a Colorado airport. This incident occurred at the Telluride Regional Airport, as reported by the San Miguel County Sheriff’s Office. According […]

NYC bagel empire with $50 million in sales hit by business partner betrayal: Lawsuit

NYC bagel empire with $50 million in sales hit by business partner betrayal: Lawsuit

Bagel Business Torn Apart by Family Feud Trust, loyalty, and a lot of bagels—sounds simple, right? But it seems betrayal has unravelled the success of a $50 million-a-year venture. This Queens-based company, famed for selling 100 million bagels annually, is currently engulfed in conflict over its future. The rift exists between the offspring of founders […]