Peachtree Planning's Business Owner Help Reduce Taxes with Qualified Plans

Qualified plans like the 401(k) plan or a traditional pension plan have long been the keystone in many Americans’ retirement savings plan. As a business owner, you likely offer or have considered offering a qualified retirement plan to your employees. You may not be sure if you are offering the right plan with the right design and maximized benefits. Furthermore, you may be unaware of the responsibilities and risks you assume as a plan sponsor.
Qualified retirement plans provide benefits to both employers and employees by creating a dedicated account for retirement savings and the potential for tax deductions and deferrals. However, these plans are highly regulated and can get you into hot water with the IRS or Department of Labor if not properly managed. Many well-meaning financial professionals run afoul of plan rules and business owners are often too busy keeping their business operating smoothly to run the company retirement plan as well.
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