HR Lineup
MARCH 13, 2022
Some of these plans have an advantage when it comes to taxes. Types of Qualified Retirement Plans. There are three classes of qualified retirement plans, namely: 1. Defined benefits plan. In a defined benefit plan, an employer pays a predetermined amount at either termination of employment or retirement.
Kollath CPA
FEBRUARY 10, 2022
When you’re filing your tax returns, what expenses can you deduct from business income? To start with, a business expense must be both ordinary and necessary to be deductible, according to the IRS. Deducting Business Expenses: Separating Fact From Myth. You must capitalize some costs rather than deduct them.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Snell & Wilmer Benefits
MARCH 21, 2024
In the wake of recent developments, we are pleased to provide insights into Pension-Linked Employee Savings Accounts (PLESAs) under the Secure 2.0 PLESAs are short-term savings accounts that are established and maintained within a defined contribution plan. The automatic enrollment percentage must be 3% or less of compensation.
Money Talk
APRIL 11, 2024
One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees). Many have accumulated significant sums and need tax planning help.
Money Talk
JANUARY 18, 2023
This includes Social Security recipients, retirees with COLA-adjusted pensions, and workers with COLAs stipulated in their job or union contracts. Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g., for couples filing jointly, the standard deduction is $27,700 in 2023 vs. $25,900 in 2022).
HR Professionals Magazine
SEPTEMBER 2, 2021
As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide.
InterWest Insurance Services
MARCH 22, 2022
The deadline is fast approaching for employers with 5 or more workers in California, and who do not already offer their employees a retirement plan, to register their staff for the CalSavers Retirement Savings Program. If you already have a qualified retirement plan for your employees, you do not have to participate.
Expert insights. Personalized for you.
87 
Let's personalize your content