Retirement: Living on Less

By 2035, millions of baby boomers might well be living a meager existence. That’s because today, close to half of the households in the United States have absolutely nothing saved for retirement. Over the past 25 years, pensions have rapidly died out and their replacement – defined contribution plans – have been woefully underfunded. Combine…

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What the New Tax Law Means for Small Businesses

The new tax law became both the beauty and the beast for companies of all sizes across the country when 2018 officially opened for business. As accountants, attorneys and business owners continue to comb through this tax overhaul, financial experts caution that before businesses celebrate or criticize aspects of the new law, they need to…

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A CPA’s Advice for CFOs

Vic Hausmaninger, founding partner of HBLA CPA’s Inc. of Irvine, talked often last year with Business Journal Financial Editor Peter J. Brennan about the proposed tax bill. Hausmaninger wrote the following on what chief financial officers and other C-level executives should consider. Since the Tax Cuts and Jobs Act took effect on Jan. 1, last…

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