401(k) accounting and taxes for employers

Is your company considering a 401(k) plan, or does it already have one?

If so, it’s important to know that your 401(k) can be optimized to reduce your administrative, accounting, and tax burdens. 

For example, plan-related fees and expenses can be deducted as business expenses. Your employer contributions to the plan are also tax-deductible. These rules help make having a plan more cost effective.

IRS rules can be convoluted, but understanding your options regarding employee deferrals, employer contributions, and administrative fees, can help manage business expenses more predictably. See the following articles to learn more:

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