Putting Your Child on Payroll: Tax Benefits and Planning Considerations for Business Owners
Hiring your child in your business can reduce family taxes and create powerful retirement savings opportunities. Greenbush Financial Group explains how payroll wages allow Roth IRA contributions, open the door to retirement plan participation, and provide long-term wealth benefits—while highlighting the rules and compliance concerns you need to know.
Do Social Security and Pension Payments Automatically Stop After Someone Passes Away?
When a loved one passes away, Social Security and pension payments don’t always stop automatically. Greenbush Financial Group explains how benefits are handled, what survivor benefits may continue, and why notifying the right agencies quickly can prevent overpayments and financial stress.
Special Rules for S-Corps with Employer-Sponsored Retirement Plans
Missing a Required Minimum Distribution can feel overwhelming, but the rules have changed under SECURE Act 2.0. In this article, we explain how to correct a missed RMD, reduce IRS penalties, and file the right tax forms to stay compliant.
How to Correct Missed Required Minimum Distributions (RMDs)
Missing a Required Minimum Distribution can feel overwhelming, but the rules have changed under SECURE Act 2.0. In this article, we explain how to correct a missed RMD, reduce IRS penalties, and file the right tax forms to stay compliant.
Filing a Medicare Income Appeal Form: What You Need to Know
Paying higher Medicare premiums than you should? If your income has dropped, you may qualify to file Form SSA-44 and appeal your IRMAA surcharge. Our guide explains how Medicare’s income-based premiums work, which life events allow an appeal, and how to lower your Part B and Part D costs.
Should You Withhold Taxes from Your Social Security Benefit?
Social Security benefits can be taxable at the federal level—and in some states. Should you withhold taxes directly from your benefit or make quarterly estimated payments? This guide explains your options, deadlines, and strategies to avoid IRS penalties.
Understanding Self-Employment Tax: A Guide for the Newly Self-Employed
Self-employment taxes can catch new business owners off guard. Our step-by-step guide explains the 15.3% tax rate, quarterly deadlines, and strategies to avoid costly mistakes.
How Much Life Insurance Should I Have?
Many people know they should have life insurance, but few know how much is enough. The right coverage amount depends on your income, debt, family size, and long-term goals. Whether you’re buying a policy for the first time or re-evaluating an old one, having the right number matters.
