New Retirement Plans Must Be Established by December 31, 2016!

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One of the last great tax deductions for small businesses, including sole-proprietors and LLCs, is the ability to make tax deductible contributions to a retirement plan. If an entity does not currently have a plan in place and they expect to make deductible contributions for 2016, then a plan must be established no later than December 31, 2016.

At this time of year, as part of year-end tax planning, business owners strategize about possible retirement plan contributions and the establishment of a new plan if one does not currently exist. The most common types of plans established at year-end are solo …read more

Read more here:: Beyond The Numbers

About Carrie Sherreard

Carrie Sherreard has written 62 post in this blog.

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