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Damon Paull is a Houston, TX based financial advisor. As a Houston-based wealth management advisor, I specialize in collaborating with Business Owners & Human Resource teams to strategize the optimal investment portfolio and a comprehensive benefits package for you and your dedicated employees. I have a passion for supporting entrepreneurs and being their trusted partner as they expand. Furthermore, my team and I provide expert guidance to families and individuals in crafting comprehensive financial plans & multi-generational investment portfolios. Our core focus is on creating lasting wealth for future generations.  PROFESSIONAL HIGHLIGHTS I embarked on a remarkable journey that led me to become a dedicated financial advisor in Houston, Texas. After high school, my path began in the Marine Corps. Growing up in the dynamic locales of Virginia Beach and Kansas City, I was inspired by a life-changing meeting with the legendary Marine sniper, “White feather”, Carlos Hathcock.  Dur...

ROTH IRA FOR KIDS small business owners may find it challenging to find ways to provide additional benefits to their children who work for the company. One often overlooked choice is including a Roth individual retirement account (IRA) as part of their compensation, a strategy that offers the potential to benefit both the children and the business. Small businesses play a significant role in labor markets. They employ 61.7 million Americans, 46.4 percent of all private-sector employees. Over the period from 1995 to the present, small businesses have been responsible for generating 17.3 million net new jobs, which accounts for an impressive 62.7 percent of all jobs created since 1995. 1 The Basics of a Roth IRA A Roth IRA is a tax-advantaged investment account that allows individuals to contribute after-tax income. Unlike in traditional IRAs, contributions to a Roth IRA are not tax deductible, as their advantage lies in the tax-free growth potential and tax-free withdrawals in retireme...

🪙⛹️‍♂️ Small business owners, can you invest in your kids? 🤷🏻‍♀️💡 🌟Today, I've got some golden insights; even though it's finance , there's no need to quit & give up! 🤹‍♀️You’re a small business owner; a pro at juggling multiple responsibilities & looking out for your family's well-being. Why not take it a step further & give your children the gift of long-term financial stability? 🎁As I promised - sexy pro-tip: consider setting up a Roth IRA for your kids! 𝐖𝐡𝐲 𝐢𝐬 𝐃𝐚𝐦𝐨𝐧 𝐒𝐚𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐂𝐚𝐧 𝐁𝐞 𝐚 𝐒𝐦𝐚𝐫𝐭 𝐌𝐨𝐯𝐞 𝐟𝐨𝐫 𝐘𝐨𝐮𝐫 𝐊𝐢𝐝𝐬: 🟪Tax-Free Growth: Investments in a Roth IRA grow tax-free, meaning your kids can benefit from your foresight without handing a slice of their earnings to Uncle Sam. 🟪Early Financial Lessons: By contributing to their Roth IRA, you're teaching your kids the value of savings & investment from a young age. 𝟒 𝐄𝐚𝐬𝐲 𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐒𝐞𝐭 𝐔𝐩 𝐘𝐨𝐮𝐫 𝐊𝐢𝐝𝐬' 𝐑𝐨𝐭𝐡 𝐈𝐑𝐀: ...

< div course=" et_pb_module et_pb_text et_pb_text_0 et_pb_text_align_center et_pb_bg_layout_light" style=" box-sizing: border-box; margin: 0px 0px 28.1924 px; extra padding: 0px; border: 0px; synopsis: 0px; text-size-adjust: 100 %; vertical-align: baseline; background-image: first; background-position: 50% center; background-size: cover; background-repeat: no-repeat; background-attachment: initial; background-origin: first; background-clip: initial; placement: family member; animation-timing-function: linear; animation-duration: 0.2 s; overflow-wrap: break-word; text-align: facility;" > It's credit connected with work taxes, but it's based upon wages you paid to your employees, so it's basically fulfilling you as an employer for maintaining your people paid throughout the pandemic. Established by the CARES Act, the erc is   a refundable tax obligation credit-- a give, not a loan-- that an organization can claim even if they needed to close down bu...

What is The IRS Offer in Comprise ( OIC ) Also How Does It Work ? Revenue tax obligation is a kind of tax obligation levied by the federal government on individuals , corporations , and various other entities . The IRS accumulates income tax from the residents of the United States and also it is the obligation of the IRS to see to it that the tax obligations are paid on schedule . The IRS has a system called the Offer in Compromise , which permits people who owe back taxes to leave paying them off . You can use for an offer in compromise if you are in a position where you owe back taxes and can not pay them off . This is a lawful agreement between you and the IRS that you will concur to repay your back tax obligations in a particular method , in exchange for some kindness . In order to get approved for an offer...

Tax Obligation Debt Aid San Diego Also The Rate Of Appointing A Tax Attorney At Law The IRS is the federal government company that accumulates taxes from people as well as companies. There are some things you can do to help get it paid off if you owe the IRS money. The first point you require to know is that the IRS is not mosting likely to come after you for your tax financial debts. They will just pursue you if you fall short to pay your tax obligations when they are due. You have 30 days from the date of your tax bill to pay it completely or face fines. [keyword] If you have been battling to keep up with your tax obligation costs and are not able to make the repayments, the IRS has a program called the Offer In Compromise. This program enables you to make a deal to settle your tax obligation financial debt for much less than what you owe. If you do not want to file this kind, you can send a written request to the IRS. Another choice is to hire a tax lawyer. Tax attorneys can assist ...

The most searched term in the first quarter of the year is tax preparation assistance, but this is not the only part of the year when tax consultants are in demand, specially if you own a business. So for everyone who needs to know how to choose an affordable accountant we highly recommend checking out this video. The experts say that if you want to ´reduce your taxes|pay less taxes} you have to plan ahead. That is to say that the the first quarter of the year is the starting point to make sure you pay less when tax time comes around. Whether it is personal income tax or business taxes, excellent planning is the best tax lowering strategy to execute. So if you want to pay less at tax time, you must learn how to plan and use professional tips to lower what you must pay to the government.  tax preparation