You are not alone if your business is without a retirement plan, however that doesn't mean it is a good idea. You are paying more taxes then you need to be.
Owner's of profitable business operations have the potential to a really large annual deduction---Sweet!
With the proper retirement plan, you can exceed the traditional elective deferral contribution limit of $19,500 (indexed).
Under the right circumstances, we can help you create a great retirement plan. If you would like to discuss this with me, please call me at 262-358-8297.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.