If you answered no, you may want to consider the benefits to you and your employees a retirement plan can offer. A few of these benefits are a tax deduction for your contributions, the assets grow tax-free with compounding interest, and it is another benefit you can offer to attract and retain better employees.
Estate Tax Relief Provisions
Are you an executor of an estate? The legal and tax ramifications can be daunting. However, Congress has provided some relief from the burden of taxation.
President Signs Tax-Cut Package
President Obama on December 17 signed legislation extending all 2001 and 2003 tax cuts for two years following months of contentious debate with Congress over whether to make the Bush-era tax breaks permanent.
Retirement Plan Credits
There are credits that are available for both businesses and individuals who operate or participate in a retirement plan. Small businesses can receive a credit of up to $500 a year for the first three years for starting a new pension plan, and individuals can receive up to a $2,000 credit each year for contributing to a pension plan.
The Key To An Efficient Audit Process
Because of the economic conditions that are currently facing our economy, organizations are struggling to create additional revenue streams
Audit Committee: Do We Need One?
Does your organization have an audit committee? Have you ever considered proposing the implementation of one to your board of directors? Let’s take a closer look into audit committee responsibilities and why having one can be important for your business.