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Retirement Plans for Small Business - Reasons & Benefits

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Page 2: Retirement Plans for Small Business - Reasons & Benefits

Setting up an employee retirement plan can be one of the smartest ways to attract and retain your valuable employees. A quality retirement plan can reduce your company’s tax burden and allows you to invest money in your own retirement.

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Retains Valuable EmployeesA well-framed retirement plan for your employees is an enticing and powerful incentive. This reduces the employee shifts in the favor of the company who offers the 401(k) to a considerable limit. It also shows that as a business owner you really care for your employee and get owners chalked up as being one of the good guys.

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Affordable Offering a 401k retirement plan is one of the lowest cost and highest benefits an employer can provide to his employees. It also provides multiple tax benefits for the business including a tax credit that offsets the start-up costs and a federal tax deduction of any contributions.

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Reduce Tax Bills Employee retirement plan provides more tax benefits and this includes, Contributions to retirement plan are generally deductible. A qualified retirement plan makes your business eligible for

tax credit.

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Gives Way for Own Retirement InvestmentRemember, providing an effective retirement plan for your business can pay off for you as well. You can enjoy reduction of your income tax bill now or in the future when retirement funds are withdrawn. You can also invest more through a business retirement plan than through an IRA.

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Want to know more about employee retirement plans?

Visit heartcg.com now!

Call: +1 913-649-3171

E-mail: [email protected]