The Mega Backdoor Roth for CPA Practice Owners
Imagine it’s the late 1970s: on November 6, 1978, Congress quietly adds Section 401(k) to the tax code, unwittingly sparking a retirement savings revolution. A few years later, employees suddenly found they could contribute up to 25% of their salary (capped at $30,000) into these new plans – an unheard-of opportunity at the time. Fast […]
Protecting Intellectual Property in Family CPA Practices
Imagine it’s 1837 in Massachusetts. A chocolatier sells his family’s secret recipe to a buyer, only to later share that recipe with others, sparking one of America’s first legal battles over intellectual property. The case, Vickery v. Welch, proved that a business’s closely held know-how can have real value, even without a patent. Fast forward […]
