Did you know that you may qualify to apply for Life and Disability protection plan WITH NO PHYSICAL EXAM. By acting now you can take advantage of our “New Life Insurance You Don’t Have To Die To Use”. This will protect you and your family by locking in special low rates for your entire life span, depending on qualifications and medical questionnaire, without a medical exam. For complete details at NO COST OR OBLIGATION, please call  866-675-3933 https://integrity4life.com/MKG-Insurance-Agency MKG Insurance Agency CDI License #0J03013 Mentioned in this episode: intro music 1 intro music 1 ..read more

MKG Insurance Agency offers privately owned employers defined benefit plans and business owners retirement plans. Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2021 is $20,500 if a participant is age 50 or over. https://mkginsuranceagency.com/business-owner-retirement-plans/ An important deadline is on the horizon for California business owners. By June 30 ..read more

Contribution Flexibility Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions. Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over. Interested in sharing your life insurance story, become a guest ..read more

The time for you to get life insurance is now. Its an easy step you can take today from your home. Do it for you and do it for your loved ones.  Do you need to protect your family? Would you like to create a tax free retirement? Life insurance allows you to accomplish both these objectives very efficiently and affordably. Why Life Insurance In the event of a tragedy, life insurance proceeds can help cover everyday expenses, like the mortgage and household bills. The cash received from a policy (the death benefit) can help protect your family from being burdened with debt. In addition to h ..read more

An Executive Bonus plan using life insurance can provide a simple yet powerful retention fringe benefit for business owners and key employees. Another advantage is the business may be able to take a current tax deduction for the bonus paid in the executive bonus plan. The business pays a tax-deductible bonus to fund premiums for a life insurance policy personally owned by the business owner.The business owner designates a beneficiary for the death benefit. The business owner may have access to policy cash values on a tax-favored basis to address personal needs such as supplemental re ..read more

Marshawn Govan, President and CFO of MKG Insurance Agency and MKG Tax Consultants, has unveiled a comprehensive banking app that rolls many services, from taxes to crypto, under one banner. Published On March 10, 2022 - 11:35 AM Written By Frank Lopez at The Fresno Business Journal https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/ The tax season is upon us, and while every taxpayer encounters some confusion when filing, the uphill tax battle is even steeper for businesses. A local tax and insurance consulting agency has launched an app to make the filing proc ..read more

The Surety Bond Guarantee Program makes life easier for small construction businesses. Through the program, the SBA partners with surety companies to partially guarantee bonds. This reduces the risk for surety bond providers, making it easier for small businesses to attain bonds and compete for public projects. Last month, two facets of the program were adjusted to further benefit small construction businesses. Bond assistance has been a hot item on the blog lately, namely in  New Jersey,  The bill, S-123/A-3559, calls for the New Jersey Economic Development Authority to establish t ..read more

Timeline of African Americans/Blacks in business in America The 19th century was not the beginning of Black business in America, but this century would see these pursuits being organized along the lines of and under the newly reconstructed U.S. Government structure. The 1800s saw the creation of many businesses, including insurance companies, banks, and newspapers. The first Black insurance company, The African Insurance Company, was founded in Philadelphia, PA in 1810. The first Black newspaper, Freedom’s Journal, was founded in New York, NY in 1827. However, by the end of the century, many g ..read more

Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over. https://mkginsuranceagency.com/business-owner-retirement-plans/ Safe Harbor 401(k) Solution vs Traditional 401(k) Allows the owner and other highly paid employees to contribute the maximum deferral allowed by law no matter how much (or how little) the othe ..read more

Did you know that you may qualify to apply for Life and Disability protection plan WITH NO PHYSICAL EXAM. By acting now you can take advantage of our “New Life Insurance You Don’t Have To Die To Use”. This will protect you and your family by locking in special low rates for your entire life span, depending on qualifications and medical questionnaire, without a medical exam. Our plans can be designed to provide the following benefits:   DEATH LIFE INSURANCE YOU DON’T HAVE TO DIE TO USE DISABILITY UNEMPLOYMENT CRITICAL ILLNESS MONEY BACK OPTION KNOWING YOUR FAMILY WILL NOT LOSE THEIR ..read more