TAG: retirement plan

How much do you know about these popular 401(k) alternatives?

June 4, 2018By

Traditional 401(k)s may not be effective because the IRS’s “top heavy testing” rules may disqualify contributions from management and ownership. There are alternatives to traditional 401(k)s that will allow all employees and owners to contribute, giving the participants tax-deferred compensation, as well as allowing the company a tax deduction without the burdensome income testing that usually hijacks the good intentions... read more

Be a tax master

November 7, 2014By

Jan. 1 marked the end of a popular tax reduction tool, the Section 179 deduction, which expired under the American Tax Relief Act of 2012 (ATRA). The Section 179 deduction allowed small businesses to expense some assets in the year of purchase, rather than having to depreciate the purchase over its useful life. Those assets included equipment, vehicles, software, furniture... read more