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Set up a SIMPLE IRA for your small business before October 1, 2024, to access tax benefits within a retirement plan that attracts employees promotes retention.
SECURE Act 2.0 makes it easier for employers to sponsor retirement plans for their employees and easier for employees to save more for retirement.
Federal law generally requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report, the Form 5500.