Retirement Issues for Small Businesses

Speaker : Anthony Curatola

Date: Monday, February 12, 2024 | Time: 11 : 30 AM EST| Duration : 90 Minutes

If you are a small business constant or tax professional providing tax services to small business owners, you need to be aware of the opportunities that are available for the employees and owners to save for retirement. This area is even more challenging considering the enactment of the SECURE 2.0 Act. The tax provisions in this act are intended to encourage small businesses to sponsor retirement plans, to encourage employees to participate, and to encourage employers to contribute to the plans.

Retirement plans for small business owners and employees

  • Key Takeaways:
  • Discussion of SIMPLE and SEP plans rules, including new contribution limits
  • Introduction to modifications and inclusions to employer-sponsored retirement plan
  • Application of credit for small business start-up costs
  • Introduction to starter 401(k) plans for employers with no retirement plan
  • Review the retroactive first-year elective rule for sole practitioners, and
  • Withdrawal by employees from employer plans for certain emergency expenses

Join Us Live

In this webinar, we discuss many of these provisions and the various effective dates for these tax provisions.

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