Employee Retirement Plans For Small Businesses

Buying Employee Retirement Plans for Small Businesses has two advantages, tax-advantage for the owner as well as being much appreciated benefit to the employees. There are several plans to choose from and the owner has to seek expert guidance to select the best-suited plan or combination of plans. They have to analyze which plan best suits the business and the employees, the highest amount of annual investment required, its administrative costs and intricacy and the tax benefit got by opting for any specific plan.

Types of Plans to Consider While Buying Employee Retirement Plans for Small Businesses:
Profit-Sharing Plans: This is one of the most popular plans, which allows the employer to make contributions that are distributed to those who participate in the plan. A formula is set to work out how much each employee participating in the plan will receive and employer’s total deductible contributions may not exceed 25% of the total compensation of all employees participating in the plan.

Defined Benefit Plans: A formula is worked out to determine how much an employee will receive annually after retirement, if he works until the retirement age. An estimate is worked out to determine how much the employer has to pay each year to fund the plan taking into account the number of employees. This type of a plan offers the highest retirement benefits as well as offers the employer the largest contribution deduction.

401(K) Plans: This plan is fast gaining popularity and is a kind of deferred compensation plan. The employees set aside a portion of their salary to be used for this plan voluntarily. This kind of a plan is best suited for employers who want to opt for an inexpensive but effective plan. Usually this plan is incorporated into being a part of a profit sharing plan.

Money Purchase Pension Plans: This plan is like the profit sharing plan but has one difference; the employer has to make regular, annual contributions. This plan is inexpensive but not very popular because of the compulsory annual contributions.

Savings Incentive Match Plan for Employees IRA Plan: The employees can defer $10,000 from the annual contribution and can contribute it to the IRA. The employers have to match deferrals up to 3 % of the employee’s wages. The money contributed by the employer is immediately vested, this plan cannot be clubbed with any other plan, and compensation the owner gets is low and employers with more than 100 employees cannot use it. Therefore, it is not very popular.

Select an appropriate plan after analyzing all the plans; they can be powerful motivating tools as well as employee morale boosters. Buying Employee Retirement Plans for Small Businesses has to be done carefully under the guidance of qualified people such as CPA.
There are firms that offer services as well as products to aid in running a successful business.

Investing Right With Wedding Photography Business

Wedding photography is probably one of the more important items that you must not forget to include in your wedding list. Anyone who’s ever been wed will tell you that its importance is based on its ability to transport you back in time, to that special day when you made your union official with the one that you love.

Poetics aside, however, wedding photography is, in fact, one of the more lucrative businesses there is today. With practically everyone having easy access to the technology of digital photography, it has become a very viable option to make and grow an enterprise. The digital revolution has a lot to do with this phenomenon, of course.

No longer must photographers spend a whole lot of cash just so they can take photos. True, that DSLRs don’t come cheap, but its maintenance most certainly is. When buying a digital camera, it practically becomes a one-time investment, especially if you get the really durable model. Just throw in some more peripherals, such as an extra set of lens, flash, tripods and filters, and you should be good to go.

Because digital photography removes the dependency on film stock, photographers no longer have to scrimp up on their shots. Thanks to the memory card, they can now take as much shots as they want, without worrying about the monetary equivalent of each time they press on the shutter button. With a whole lot of photos taken, photographers then have more options to choose from when collating for the official album.

Printing is much less expensive now, too. With electronic printers, they just have to worry about refilling the ink for the machine. They wouldn’t have to spend hours cooped up inside the dark room, mixing chemicals just to get that fine print for the photo.

If you’re keen on getting into the wedding photography business, and you have a limited amount of resource, it would be advised that you divert most of it to the investment of a good camera. Business sometimes can mean going to war. The industry of wedding photography is a battlefield, and your camera is your weapon. Your strategy, however, would be how you apply your technical know-how in taking photos to yield the best output you can provide.

The next thing you have to do is to establish your reputation as a wedding photographer. You do this by going out there, taking on gigs and assignments, and basically amassing a client pool. Keep them happy with your service, and soon you’ll find that they’ll be more than happy to refer or recommend you to their friends who might have events that you could cover.

Of course, it is also imperative that you never stop being creative. There are more ways to deliver wedding photography service that’s going to be right for the occasion. Come up with smart bundles and packages, make them enticing so that the client will be excited to get you for the event.

Nobody’s saying that the wedding photography business is easy. But ask anyone who is in it, and they’ll say that it truly is a rewarding experience.

5 Reasons Why It Makes Sense to Invest in Security Cameras for Your Home

Nowadays, the number of home robberies and break-ins are on the rise and as a result, many homeowners have become very much alarmed. Keeping homes secured by means of traditional devices like door and window locks are no longer deemed reliable as thieves and burglars nowadays are quite resourceful, meaning they have already found means to get around these kinds of equipment. Homeowners are advised to use newer and more reliable types of security equipment and Security Cameras are among them.

You might think that investing on a home security camera is a very impractical thing. However, home security cameras are quite useful. These devices offer you a number of advantages which the traditional door and window locks can’t. Here are some of the advantages that you can get by investing on Security Cameras for your home:


According to studies, burglars and vandals do not target a home that has a security camera system installed in it. This is mainly because people are less likely to commit crimes and break the law if they know they are under surveillance. Also, burglars and thieves do not want to risk the chance of getting caught on tape. If you want to keep criminals off your property, try to place outdoor cameras on the outside area of your home.


Although surveillance Cameras are perfect deterrents, there will always be other criminals who are brave enough to break inside a home even if there is a security camera in it. Even if these criminals do succeed in stealing your money or other valuables, the video footages recorded by your camera systems will help solve crimes like that right away. Also, the video footage will serve as evidence once the criminals are caught.


Aside from keeping burglars and criminals off of your property, these types of cameras also allow you to monitor what goes inside your home while you are out in the office or on a vacation. With a reliable surveillance system inside your home, you will be able to monitor whether your children are safe in the hands of the babysitters or if your house help is doing his or her job properly.


Another advantage to owning Security Cameras is the fact that some insurance companies offer discounts to homes that are equipped with a security device in them. This is good news for homeowners. They not only get to save money but they will also be able to provide protection for their home and their family at the same time.


Last but not the least, having any kind of security camera in your own home-be it wired or wireless camera systems-will give you peace of mind. You won’t have to worry about thieves or other criminals breaking inside your home because your camera systems will deter them.