We’ve just started our request of year end census information from each of our clients. We do this each year to enable us to run necessary non-discrimination testing. If the plan doesn’t pass these tests we need to take corrective action quickly. In testing we...
The SECURE Act (Setting Every Community Up for Retirement Act of 2019) has made it less expensive for a small business to establish and administer a new plan. Effective January 1, 2020 (so for any plan that is established in 2020 and beyond) the tax...
Did you know? According to the IRS: You may be able to claim a tax credit for some of the ordinary and necessary costs of starting a SEP, SIMPLE IRA or qualified plan. A tax credit reduces the amount of taxes you may owe on a...