News & Articles

14 Tax-Favored Fringe Benefits: What's the Right Mix for Your Business?

Posted on Wed, Sep 25, 2019

Job applicants look at more than just wages when evaluating potential employers. They consider the whole compensation package, including fringe benefits and perks. These add-ons enable employers to cast a wider net in the job market, helping them attract and retain top-quality workers. 

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Tags: Health Insurance, fringe benefit, Retirement Plan, Tax Cuts and Jobs Act (TCJA)

Tax Consequences of Borrowing From a Retirement Plan

Posted on Mon, Jun 04, 2018

If you participate in a qualified retirement plan through your job or self employment — such as a 401(k), profit-sharing, or Keogh plan — you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs, Roth IRAs, SEPs or SIMPLE-IRAs.)

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Tags: 401k Plan, Retirement Plan, Interest, Loan

There's Still Time to Set Up a SEP for 2016

Posted on Mon, Mar 06, 2017

Simplified Employee Pensions (SEPs) are stripped-down retirement plans intended for self-employed individuals and small businesses. If you don't already have a tax-favored retirement plan set up for your business, consider establishing a SEP — plus, if you act quickly enough, you can claim a deduction for your initial SEP contribution on your 2016 tax return.

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Tags: SEP, Retirement Plan, Business Owner

Tax Consequences of Borrowing From a Retirement Plan

Posted on Fri, Nov 14, 2014

If you participate in a qualified retirement plan through your job or self employment -- such as a 401(k), profit-sharing, or Keogh plan -- you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs, Roth IRAs, SEPs, or SIMPLE-IRAs.)

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Tags: Tax, EHTC Article, Consequence, Newsletter, Articles, IRA, Retirement Plan