Businesses can achieve great tax advantages by having qualified pension and profit-sharing plans in place. Individuals can also greatly benefit as these plans promote financial security in retirement. At WMBO CPA Group, we assist companies with selecting the most viable pension and profit-sharing plans for your business as part of our tax preparation and planning services. We will also ensure that you are advised professionally on the financial and tax benefits that you are entitled to, with your specific plan.
At WMBO CPA Group, we recommend that businesses consider pension and profit sharing plans for the following reasons:
- To attract and keep skilled and talented employees who will drive business productivity and profits.
- Contributions are tax deferred.
- The contributed money can grow steadily through mutual funds, money market funds, savings accounts, investment funds and similar.
- Plans allow employees to transfer their benefits when leaving the employ of the business. This can greatly simplify the administration hassles often involved.
- Some plans allow for the rollover from one plan to another, increasing plans size and administrative savings
With our tax preparation and planning services in Georgia & the Southeast Region, you can benefit from the best pension and profit sharing plan now and in the long run.