Tax planning as in life can be a series of trade-offs. Whether to have a SIMPLE-IRA vs. a 401(k) plan is one of those trade-offs. And if you currently have a SIMPLE-IRA and want to change to 401(k), then you’ve got a November 1, 2017 deadline approaching. That’s the date by which employers have to provide … Continue Reading
Many employers adopt SEPs and SIMPLE IRAs because they think they’re easy to use. They can be, but they still have to be operated properly. The IRS is now auditing SEPs and SIMPLEs, and more than half – yes, more than 50% – of the plans examined have operational errors. The Fall 2007 issue of … Continue Reading