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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; padding: 0px; border: 0px; outline: 0px; text-size-adjust: 100 %; vertical-align: standard; background-image: first; background-position: 50% center; background-size: cover; background-repeat: no-repeat; background-attachment: initial; background-origin: preliminary; background-clip: initial; position: loved one; animation-timing-function: linear; animation-duration: 0.2 s; overflow-wrap: break-word; text-align: center;" > It's credit connected with employment tax obligations, yet it's based on earnings you paid to your staff members, so it's basically rewarding you as an employer for keeping your individuals paid throughout the pandemic. Established by the CARES Act, the erc is   a refundable tax obligation credit-- a grant, not a finance-- that an organization can assert even if they neede...

What is actually The IRS Offer in Comprise ( OIC ) Plus How Does It Work ? Earnings tax is a sort of tax obligation imposed by the government on individuals , corporations , as well as other entities . The IRS gathers earnings tax obligation from the residents of the United States as well as it is the obligation of the IRS to make sure that the tax obligations are paid promptly . The IRS has a system called the Offer in Compromise , which permits individuals that owe back taxes to leave paying them off . This is a legal agreement between you and the IRS that you will agree to pay off your back tax obligations in a particular way , in exchange for some leniency . If you have been unable to pay your back tax obligations since of a medical emergency situation or due to the fact that of other unanticipated conditions , ...

Tax Consumer Debt Guide San Diego And Even The Price Of Retaining A Tax Advocate The IRS is the government company that gathers taxes from individuals and also companies. The first thing you require to understand is that the IRS is not going to come after you for your tax obligation financial debts. [keyword] If you have actually been battling to keep up with your tax bills and are incapable to make the settlements, the IRS has a program called the Offer In Compromise. This program allows you to make a deal to settle your tax debt for much less than what you owe. If you do not desire to file this type, you can send a composed demand to the IRS. An additional alternative is to work with a tax lawyer. Tax obligation attorneys can assist you negotiate your tax financial obligation with the IRS. There are a number of points that you need to consider prior to working with a tax attorney. [keyword] The last point you must consider is the cost of employing a tax obligation attorney. It might ...

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The most needed service the first quarter of the year is affordable tax preparation, but this is not the only part of the year when tax consultants are looked for, specially if you are serious about protecting your money. So for everyone who needs to learn how to choose an affordable accounting firm we recommend checking out this short video. Experts say that in order to ´reduce your taxes|pay less taxes} you must plan ahead. So the beginning of the year is the starting point to make sure people pay less when tax time comes around. Whether it is personal income tax or business taxes, good planning is the best strategy to execute. So if paying less taxes is your goal, you may want to know how to plan and get professional tips to lower what you pay the government.  click here