Simple-IRA Plan
A SIMPLE-IRA is an easy and affordable way to give your employees access to a tax-advantaged retirement plan.
Speaking of tax advantages, SIMPLE-IRAs offer quite a few:
- You can deduct contributions you make for your employees as a business expense.
- As of January 1, 2002, you can also receive a non-refundable tax credit of 50% of some plan costs. (Maximum of $500 per year for the first three years.)
- You and your employees can defer (pre-tax!) up to 100% of your salaries into a SIMPLE-IRA. This is a great way to reduce taxable income.
Request a quote on a SIMPLE-IRA, or use the checklist to learn more!
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