inDinero Tax Tips

SEPTEMBER 13, 2023

This analysis illuminates key enhancements like the doubling of start-up credits, expanded plan eligibility, and new credits for employer contributions. aims to expand access to retirement savings plan options for employees of small businesses. With this knowledge, you can craft practical strategies to harness these incentives.

business tax 80

business tax Tax Start-ups accounting and finance 80

CPA Practice

JANUARY 25, 2023

Following are several key changes for small businesses included in SECURE Act 2.0. Catch-up contributions : Catch-up contributions to qualified plans like 401(k) plans are allowed for participants age 50 or older. Caveat: An employer with ten or fewer employees or in existence for less than three years is exempted.

Tax 113

Tax Start-ups Account accountant 113

CPA Practice

JANUARY 24, 2024

Choosing Retirement Plans Opening a corporate retirement plan is a great option to lower business taxes. Qualified, profit-sharing plans allow employees to contribute a portion of their wages to individual accounts, while also allowing the employer to make a tax-deductible contribution. may have felt too late to make.

Tax 52

Tax Non-Profits business tax tax return 52