Business

What makes Roth IRAs so appealing? Primarily, it’s the ability to withdraw money from them tax-free. But to enjoy this benefit, there are a few rules you must follow, including the widely misunderstood five-year rule. 3 types of withdrawals To understand the five-year rule, you first need to understand the three types of funds that… View Article

On October 31, the Department of Education announced large-scale changes to the federal student loan system. These changes come as the Biden administration’s broader student loan forgiveness plan is held up by legal challenges. Education Secretary Miguel Cardona called the new rules, “a monumental step forward in the Biden-Harris team’s efforts to fix a broken… View Article

Are you a trader or an investor? The difference is frequently discerned by how closely you monitor the stock market and how quickly you move in and out of investments. Traders are often referred to as “market timers” because they actively seek to buy into positions when share prices drop and sell out when those… View Article

Every entrepreneur starts their company with their own vision of what the future holds. Maybe you thought you’d just work from a home office, managing every function and loving every minute of it. Maybe you always knew you were going to make it big and would need a suite of executives, a team of sales… View Article

COVID-19 impacted the economy dramatically, and commercial real estate was no exception in terms of decreased values. Often, the real property could no longer service the debt used to finance it. This debt restructuring and resulting debt forgiveness can result in taxable income. Taxable Income and Debt Cancellation If you have an $80,000 loan and… View Article

Understanding how cash flow is measured and analyzed is an important step for businesses. Business owners should constantly monitor and adjust their operations to increase the chances of becoming and staying cash flow positive. JP Morgan Chase & Co. (JPM) monitors small business activity and presents some sobering statistics for businesses’ cash flow challenges. For… View Article

If you had to make a list of some of the biggest issues that plague small business owners regularly, cashflow problems would undoubtedly be right at the top. Cash flow is about more than just the money coming into and going out of your business. It represents your ability to capitalize on opportunities as an… View Article

Fall is here and so are many of the holidays we love. Whether it’s Halloween, Thanksgiving, or the December holidays, here are some fail-safe things you can do to make sure everyone shows up and has a good time. Throw a Potluck One of the easiest ways to lure people away from their desks is… View Article

Deepfake technology utilizes machine learning and artificial intelligence (AI) to manipulate or create synthetic audio, video, and images that appear authentic. Deepfakes are commonly featured in entertainment and politics to spread false information and propaganda. For instance, deepfake has been used to show a celebrity or leader saying something that they didn’t, and this creates… View Article

The past year has brought a number of changes that impact Pennsylvania tax payers, from individual fixed asset expensing to required digital payments. The team at RBF has gone beyond the numbers to create this resource to help you learn about these issues. To find out more about these five important tax items to consider… View Article