Retirement plans are valuable tools that can provide tax benefits to both business owners and employees. If your company has a retirement plan, you should review it at least annually with your tax and financial advisors to make sure that it is still a good fit for the company and that it is still accomplishing all the objectives that were originally envisioned. Since we provide both tax and financial services to our clients, we can help you with the annual analysis.

If your company does not have a retirement plan, consider meeting with a tax and financial advisor to understand all of the tax and business benefits a retirement plan can provide. Since there are several types of retirement plans available with different set-up and funding requirements, it is important to explore this option prior to October 1st to make sure all plans can be considered.