October 2017
Beginner
720 pages
20h 12m
English
Content preview from J.K. Lasser's Small Business Taxes 2018
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CHAPTER 16 Retirement Plans
The Social Security benefits you may expect to receive will make up only a portion of your retirement income. And income from your business—through a sale, consulting agreement, or otherwise—may not be as much as you expected.
Also, in today's tightening job market, you may be forced to offer a retirement plan as a way to attract and retain employees. In order to help you save for your own retirement and to encourage employers to provide retirement benefits to employees, the tax law contains special incentives for retirement savings. Broadly speaking, if a retirement plan conforms to special requirements, then contributions are deductible while earnings are not currently taxable and forever escape ...
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