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October 14, 2025
IRS Reminds Extension Filers of October 15 Deadline Despite Government Shutdown

The Internal Revenue Service (IRS) reminded taxpayers today that those who filed extensions for their 2024 tax returns must submit their filings by October 15, 2025—tomorrow at midnight. In a statement released October 14, 2025, the agency clarified that the ongoing federal government shutdown does not alter existing tax filing obligations or statutory deadlines. The IRS [...]

Jess CatorcOctober 14, 2025
Can Life Coaches Open a Solo 401k?

If you’re working independently as a life coach, you may be wondering how to set up a retirement plan outside of traditional employment. The good news: yes, life coaches can open a Solo 401k, as long as you report self-employment income and don’t have full-time employees (other than your spouse). [...]

Justin GluskaOctober 13, 2025
Can Therapists Open a Solo 401k?

Are you a therapist running your own practice and wondering if you can open a Solo 401k? If you earn self-employment income from your therapy services and don’t have any full-time employees, you’re likely eligible. A Solo 401k could offer much higher contribution limits than traditional retirement accounts — along with valuable tax advantages. Whether you’re [...]

Justin GluskaOctober 10, 2025
What Is a Safe Harbor 401k Plan?

Choosing the right 401k plan for your business can feel complicated. A Safe Harbor 401k plan is one option that could help simplify things. It’s designed to help employers meet IRS requirements without going through annual nondiscrimination testing. In most cases, this type of plan also encourages employee participation by offering required contributions and faster [...]

October 9, 2025
IRS Announces 2026 Tax Changes with Higher Standard Deductions and New Business Credits

The Internal Revenue Service on October 8, 2025, issued Revenue Procedure 2025-32, announcing inflation adjustments for tax year 2026 that include higher standard deductions and updates to more than 60 tax provisions. For most taxpayers, the headline change is the increased standard deduction. Married couples filing jointly will see their standard deduction rise to $32,200 in [...]

Jess CatorcOctober 9, 2025
8 Ways to Take Money Out of Solo 401k

Saving in a Solo 401k offers self-employed individuals both high contribution limits and flexible tax planning. But taking money out of the plan comes with its own set of rules. Without proper timing or strategy, you could trigger taxes, penalties, or unnecessary paperwork. This guide breaks down eight common ways to access your Solo 401k funds. [...]

O-1 Visa Requirements for Entrepreneurs

Building a business in the U.S. as a foreign founder? If you’ve made a meaningful impact in your industry, the O-1 visa might be worth exploring. Unlike the H-1B, this visa doesn’t rely on a lottery. It’s designed for individuals who can demonstrate exceptional ability through real accomplishments — something many entrepreneurs show through innovation, funding [...]

October 8, 2025
IRS Offers Penalty Relief for New Remittance Transfer Tax

The IRS has issued guidance providing deposit penalty relief to remittance transfer providers during the first three quarters of 2026, as companies prepare to implement a new 1% excise tax on certain remittance transfers. Notice 2025-55 acknowledges the challenges providers may face when adapting to the new requirements under the One, Big, Beautiful Bill. Starting January [...]

Jess CatorcOctober 7, 2025
Can Personal Trainers Open a Solo 401k?

Thinking about retirement while growing your fitness business? If you’re a personal trainer working for yourself — whether in a private gym, from home, or online — you might be wondering how to build long-term savings on your own terms. A Solo 401k could be a flexible and tax-efficient option, especially if you don’t have full-time [...]