Financial Resources for Businesses

Trump Accounts, established under Internal Revenue Code Section 530A, are a new type of individual retirement account designed to give children an early start on long-term investing. In addition to contributions from parents and family members, the rules create something particularly noteworthy for business owners: employers can contribute to Trump Accounts for employees or their dependents.

Running a business means juggling countless responsibilities and bookkeeping often gets pushed to the bottom of the to-do list. However, consistently recording transactions is one of the most important habits for maintaining accurate financial records and making informed business decisions.