Retirement Plans for Your Small to Mid-Sized Business and Professional Practices
As a business owner, you should carefully consider the varied benefits of establishing an employer-sponsored retirement plan. Employer's can utilize these plans to attract and retain key employees, provide your employees and owners a tax-advantaged method to save for retirement, and lower the firm's tax bill by taking allowed deductions on contributions made to the plan each tax year. Each employer-sponsored retirement plan type has it's own unique advantages and disadvantages. Determining the correct retirement plan for your business involves a complex mix of considerations including financial, legal, administrative, cost and tax implications to state a few. Read more.