The IRS released Retirement News for Employers –
February 24, 2014 Edition. It contains the following articles:
· Retirement plans for
your small business
– Links to types of plans, a publication with a comparison chart, a webcast and
an interactive website to help you choose
- You
can still set up a
SEP by the due
date (including extensions) of your 2013 business income tax return
- Employees
for SEP plans includes those of all related employers – SEP Fix-It
Guide
- Tips
for the sole
proprietor –
where to deduct, when to contribute and how to calculate the owner's
contributions
- 3% matching
contribution is
based on unlimited compensation but 2% nonelective is limited to annual
amount
Safe-harbor 401(k) notice – How to correct if you've either failed to give participants the annual notice or didn’t give it to them on time
Mark your calendar – retirement plan deadlines
Roth account in your retirement plan – if you participate in a 401(k), 403(b) or governmental 457(b) plan, consider your Roth options