Get Best Third Party Administrators for Your Retirement Plan
This is good news that you have decided to set up a 401(k) or some type of retirement plan for your business. These types of plans can help you check attrition and help you reward a certain group of employees critical to your business. Why is it important to hire the right third party administrator? […]
Everything You Must Know About the Form 5500 EZ
The Form 5500 EZ is one of the three variations of the Form 5500 that is required by the IRS to be filed for a pension plan each year. The Form 5500 EZ was developed by the IRS for single person pension plan that is typically set up by a self employed individual. The Form […]
Retirement Plan Options That CPA’s Can Recommend to Their Clients
As a CPA your clients trust you to provide accurate information about taxes each year and expect you to file their taxes without any omissions or errors. These days’ clients also expect their CPA to provide information about tax deductions which they may not be aware. Retirement plans can provide some of the largest tax […]
Advantages Of Cash Balance Plan
Advantages of a Cash Balance Plan Substantial benefits (read money) can be provided and accrued within a short time – even with early – retirement Employers may contribute (and deduct) more than is permissible under other retirement plans such as Defined Contribution Plans Plan provides a predictable and guaranteed benefit, and the benefits are not […]
All You Need to Know About Form 5500
Like many other small employers, you probably provide health insurance and a pension plan. Do you have to fill in the 5500 form with the United States Department of Labor (DOL) and the Internal Revenue Service (IRS)? Not filling out the form as required can lead to severe penalties. As a result, it is important […]
Financial Advisors Need to Protect Their Assets Under Management From Robo Advisors
As a financial advisor, you manage investments for your clients. With the threat of Robo advisors looming large, financial advisors are having to rethink their entire business model. There is a limit to the investment returns that can be generated for a given risk profile. It will also be impossible to beat the robot advisors […]
How Self-Employed Save More and Improve Retirement Planning
Thanks to our services, the self-employed are able to save thousands of dollars and improve their retirement planning. Use our Self Employed Tax Calculator for an estimation of the contributions. Do you know that one of the largest deductions available to a self employed individual is that of a retirement plan! Many people think only […]
Pension Schemes That are Better Than SEP-IRA
One of the best-kept secrets of the pension industry is a type of pension plan that provides much larger contributions to the business owners than a SEP-IRA. If you have employees, please scroll below to the section titled, Small Business with Employees. If you do not have employees, please keep reading: The pension plan with […]
