Mistakes are costly in any industry, but when it comes to employee benefit plans, you're dealing with someone's retirement income and their livelihood.
If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract and retain employees.
When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks.
An Employee Stock Ownership Plan (ESOP) is a type of retirement plan that invests primarily in a company’s own stock. ESOPs are popular among manufacturers and distributors because their employees can directly affect profits and productivity.