FAQ
Startup tax credit helps cover startup costs, which include administrative expenditures related to retirement plan rollout. For businesses with 50 or less employees, 100% of startup costs are covered by credits (max $5,000). For businesses with 51 to 100 employees, 50% of startup costs are covered by credits (max $5,000).
Startup tax credit helps cover startup costs, which include administrative expenditures related to retirement plan rollout. For businesses with 50 or less employees, 100% of startup costs are covered by credits (max $5,000). For businesses with 51 to 100 employees, 50% of startup costs are covered by credits (max $5,000).
Based on meeting Eligible Automatic Contribution Arrangement (EACA) requirements, small businesses are eligible for a $500 tax credit for three years by adding an automatic enrollment feature to a new or existing 401(k) plan.
Based on meeting Eligible Automatic Contribution Arrangement (EACA) requirements, small businesses are eligible for a $500 tax credit for three years by adding an automatic enrollment feature to a new or existing 401(k) plan.
For each eligible employee (not paid over $100,000), a small business may receive a tax credit for employer contributions over the first few years of the 401(k) plan.
For each eligible employee (not paid over $100,000), a small business may receive a tax credit for employer contributions over the first few years of the 401(k) plan.
Meet Brian Boswell, CFP®
Brian delivers comprehensive financial planning services tailored for business owners, with a focus on employer-sponsored retirement plans.
Over the years, he has developed a great understanding of how to make 401(k) plans work for a business owner, while not creating administrative burden or unnecessary risk to the business. Brian previously was head of the 401k Division of Oakwell Private Wealth Management in Austin and New Braunfels, and services businesses across the United States.
Round Rock, TX (suburb of Austin, TX)
