Taxes

• Tax Planning
• Tax Services
• Tax Deductions
  Claim a tax deduction and save for your retirement as well as provide your employees with a competitive benefit package. Explore the types of plans for which we can provide services.
• Income Tax
  Employee Contributions (Elective Deferrals) made on a before-tax basis. Contributions are excluded from income for federal (and most state) income tax purposes.
• Tax Deferral
  This type of defined contribution plan generally requires that the Employer make contributions to the Plan. This type of plan was more popular before contribution limits for profit sharing plans were increased. It provided an additional way to save more for retirement. Those limits can now be reached with a stand-alone profit sharing plan. Currently a money purchase plan is more frequently used as a “frozen” plan, with zero future contributions in order to continue the tax deferral on the growth of the assets. Account balances are maintained for each participant.

Accounting

• Accounting Services
• Payroll Services

Planning

• Financial Planning
• Retirement Planning
  Many people are familiar with the mechanics of determining a participant’s benefit and contributions under a Defined Contribution (DC) Plan, such as a 401(k) or Profit Sharing Plan. However, determining benefits and contributions for a Defined Benefit Pension Plan (DB Plan) is more complex and less intuitive. Usually a small company will sponsor a DB Plan in order to obtain higher contributions than can be provided by a DC Plan.