Profit sharing

How 401(k) Profit Sharing Helps Small Business Owners Maximize Their Savings

When the IRS recently announced new initiatives that will increase 401(k) contribution limits, the one that caught the most attention was the increase in employee contribution limits from $16,500 to $17,000. However, there is another equally important change for small business owners looking to maximize their savings while minimizing next year’s taxes: it’s the annual […]