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The Business of Savings
How small business can ease the taxman’s take in 2011
As a small business owner, you feel the tax burden like few if any others in America. There’s corporate taxes, employment taxes, personal taxes… it’s just plain taxing. One way savvy business owners are seeking some shelter from the storm is with a 401(k). High contribution limits, tax credits, and tax deductible expenses offer a lot benefits for owners and it helps their employees too.
Our lower your taxes with a 401(k) plan guide shows scenarios where an owner is better off with a 401(k) than without one. An article we wrote for Forbes last year on tax moves is still completely relevant today. Give these a read, start a 401(k), and you just might find Uncle Sam is a whole lot kinder to you and your business this year.