It is with great sadness that we share the news of the passing of our former Managing Shareholder, Robert H. “Bob” Kind. Bob was an integral part of TBC for over 50 years along with the role of Managing Shareholder for 10 years and then retiring from TBC in 2024. Bob made a lasting impact… [keep reading…]
Category: General
An Intro to Cash Balance Plans
Ever wonder what exactly a cash balance plan entails? For your clients who own small businesses, opening a cash balance retirement plan might be a vehicle for delivering significant tax savings (and looking like a hero while doing it). What is a cash balance plan? As you know, there are two broad categories of tax-qualified,… [keep reading…]
Maximizing Your Summer Job: Financial and Professional Skills for Success
Summer jobs offer more than just extra cash; they teach financial management, bolster résumés, and offer invaluable life skills. Whether you’re aiming for professional growth or exploring a new field, this article guides you on maximizing summer work for long-term success. Discover how early financial planning and networking can pave the way for a stable and prosperous future.
Treasury Suspends Corporate Transparency Act (CTA) Reporting for U.S. Companies
The Treasury Department has suspended the CTA filing requirement for U.S. businesses, signaling a major shift in compliance obligations. While the rule may still face legal challenges, domestic companies are no longer required to report beneficial ownership information—at least for now.
Safeguard Your Personal Information While Shopping Online
Don’t let cybercriminals ruin your holiday season. Here’s some advice on safeguarding your personal information during the busiest online shopping period of the year.
Estate Planning: Protecting You and Your Family
No matter your age or the size of your estate, it is important to have an estate plan in place to help protect your family’s financial future, as well as your own. Here are a few general things to know about creating an estate plan. TRANSFERRING WEALTH TO HEIRS There is more than one way… [keep reading…]
5 Mistakes overlooked in Buy/Sell Agreements
A Buy/Sell Agreement, also called a business pre-nuptial agreement, or a business will, is a legal document that is used as the mechanism governs business owners when one of them leaves the business. The reality is that every business owner is going to leave. The reasons could be the owner quits, dies, becomes disabled, retires,… [keep reading…]
3 Ways to Prepare Financially for Unexpected Events
Unexpected events, such as a job loss, medical emergency, or property damage, can set you back financially. Fortunately, there are steps you can take before these events occur to help minimize their impact on your finances. Review your insurance Insurance can help protect you financially when unexpected events occur. Reviewing your policies regularly can help… [keep reading…]
Important Update: QuickBooks Desktop 2021 Discontinuation
As of May 31, 2024, QuickBooks will be discontinuing support for QuickBooks Desktop 2021, impacting the software’s functionality. What You Need to Know: Companies on QuickBooks Desktop Payroll who do not select a new subscription before May 31, 2024, will lose the ability to run payroll or file payroll taxes. Exploring Options: Many QuickBooks desktop… [keep reading…]
Tips to Help You Save for Retirement
Although retirement may be years away, the steps you take today to plan and save for it can make a big difference in your financial security decades from now. Here are 10 general tips that you may find helpful when saving for retirement. For specific advice about planning and saving for retirement, please consult your… [keep reading…]