Skip to main content

Insights from the Fastlane

Blog

Michael DiSabatino of Sharp CFO™ shares expert insights to help you unlock your business's full potential by delivering proven strategies for maximizing tax savings, streamlining operations, and driving sustainable growth.

The information provided on this site is for general informational purposes only and should not be construed as professional financial, tax, or legal advice. For advice tailored to your specific situation, we recommend consulting with a qualified professional.

Beware the Tax Torpedo - Large retirement account balances can cause Social Security tax problems

Putting off distributions and holding assets in your retirement accounts as long as possible may seem like a good idea, but waiting too long can cause a major tax problem. When you reach 70 ½, the trigger requiring minimum distributions (RMDs) from qualified retirement accounts is pulled and a potential tax torpedo is launched.

Continue reading
0
  34392 Hits

Final-hour tax moves

While 2018 is almost up, there are a few tax moves worth considering:

Continue reading
0
  27610 Hits

Putting your tax refund into a retirement account? Read this

Putting your tax refund into a retirement account?

Considering depositing your tax refund into your retirement account? Make sure no confusion happens along the way.
Continue reading
0
  34509 Hits