Many business owners and executives would like to save more money for retirement than they’re allowed to sock away in their 401(k) plan. For 2017, the annual elective deferral contribution limit for a ...
Like many businesses, yours may allow retirementplan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if ...
Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies, such as a retirementplan. ...
... 3.Retirementplan balance Employees whose employment is terminated may need tax planning help to determine the best option for amounts they’ve accumulated in retirement plans sponsored by former employers, ...
... law, an employer will be able to make matching contributions to 401(k) and certain other retirementplans with respect to “qualified student loan payments.” The result of this provision is that employees ...
... least $600 during the calendar year in which you close your business, you must report those payments on Form 1099-NEC, “Nonemployee Compensation.” Other tax issues If your business has a retirement ...