Businesses often fail to take full advantage of tax savings opportunities that are available to them. This article provides a high level overview of one such tax savings opportunity, namely, non-qualified deferred compensation plans.
What is Deferred Compensation?
Deferred compensation generally includes payments earned in a year prior to the year in which the payment is made [...]
If you run a small business, you’ve got no shortage of concerns: cash flow, marketing, the ebb and flow of the economy - you name it. In fact, you have so many issues to ponder, you might find it hard to take the time to choose a retirement plan for your business. And yet, it’s [...]
There are a number of retirement plan options available to small business owners. Yet for older higher income business owners, the best option might be the least used option – defined benefit pension plans.
Defined benefit plans are often referred to as pension plans, because they provide a guaranteed retirement benefit and they must be funded [...]