The Birth of The 401(k)

Posted on March 17, 2011 by America's Business Manager

Saving for retirement with a 401(k) has been unbelievably popular since it’s “birth” in 1978.  The basics of the 401(k) go a little something like this.  Back in ’78, a congressional provision to the IRS Code was introduced that would offer tax breaks on deferred income.  By 1980, a successful benefits consultant realized that this code would benefit employees saving for retirement.  Because of this one discovery, the popularity of the 401(k) took off.

A recent statistic showed over 65 million 401(k) accounts in existence.  Why did so many jump on this band wagon?  Simply put, enrolling in a 401(k) allows participants to invest in stocks and bonds, often with matching funds from employers–all at a lower cost than pension plans.

One word of caution would be this.  There have been situations where fast growing companies suddenly go under and the money previously matched by the company into an employee’s 401(k) disappear.  Consider the staying power of the company for which you work as a part of the retirement planning decision-making process.  (Of course, this is why we do what we do.  We can certainly assist you with these decisions and plans!)

Have you been pleased with your 401(k)?  We’d love to hear from you so share a thought or two in the comments.

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What Can We Do For You? Part 2

Posted on March 8, 2011 by America's Business Manager

Starting up a new business is a huge undertaking.  There are countless things to consider and plan out.  For many of us, we start a business because of a skill we posses or a trade we have mastered.  It could be photography, hair or skin care, auto-mechanics, massage or some other service profession.  The photographer decides to open a studio and the mechanic looks to opening a shop.  Perhaps after medical school, a new young doctor decides to open a practice.  These are things that happen all the time.  However, medical school, trade school training or specialized classes in cosmetology do not prepare business owners on the behind-the-scenes responsibilities of bookkeeping and accounting.  That’s where we come in.

Keeping accurate accounting and bookkeeping plus handling payroll can be a full-time job in and of itself.  As a new business owner, we want you to rest assured that our expert staff is here to handle that responsibility for you.  And what’s great, we can handle these things at different levels.  In other words, if you need the full scope of our accounting services or just a part of them, we are here for you to help you succeed.

Is this something to which you can relate?  Have you experienced the challenges of starting up a small business?  Share your stories with us in the comments!

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What Can We Do For You? Part 1

Posted on March 2, 2011 by America's Business Manager

For the next several weeks, we will be highlighting some of the services we offer to our clients.  It’s important that people know as much about us as possible.

While we pride ourselves on having outstanding experts to get the job done for you, we also want to ensure that our clients have the proper training to succeed on their own.  We don’t just work for you, we work to educate you too.   If you have a need for professional training on the latest accounting software, ask us how we can help.  We offer a wide variety of learning opportunities to better equip you to run your business.

What are some of the areas of business you wish you knew more about?  Is there anything you’d like to share with us?  Tell us in the comments!

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Welcome To America’s Business Manager

Posted on February 24, 2011 by America's Business Manager
Every small or medium business needs an expert on their team for general business advice and guidance, or tax and accounting management. With over 15 years of experience helping clients in various areas of business operations, you can depend on America’s Business Manager to have a positive and influential role in the development of your business. 

For those just staring their own business, we can lead you through the filings with local and federal taxing agencies, incorporating your business, applying for Sales Tax Certificate, getting your Federal ID Number, and merchant credit card services, etc.  We can also provide general business consulting along with accounting, payroll, and tax organization or service.

For those with an established business, when you look at the things you would like improved in your business — whether it’s updating your accounting practices, enhanced financial planning, accurate financial projections and strategies, or improved accounting or tax service — we have the experience and expertise to make those happen.

What’s your biggest business need?  What would you like most to improve in your business?  Tell us in the comments!

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Complete assistance for your business

Posted on December 1, 2010 by America's Business Manager

America’s Business Manager is a complete resource and tool at your disposal to help you grow, run and maintain your business. We provide tax consulting, so you can make solid projections as to whether you’ve paid too much on past returns, as well as before filing your current returns. In addition we can provide continual understanding of your financial situation for peace of mind, opportunity discovery and tax planning.

Posted in Business Tax Information, General Tax Information, Personal Tax Information | 1 Comment