-- With the September 15th tax extension deadline quickly approaching, Pension Deductions is reminding S-Corporations and self-employed business owners that it’s not too late to reduce last year’s taxable income. Thanks to the SECURE Act of 2019, qualified retirement plans—including Defined Benefit, Cash Balance, and Profit Sharing plans—can be established after December 31st of the tax year and still count retroactively.
Photo Courtesy of Pension Deductions
This is one of the most powerful planning opportunities that many business owners overlook. If your business filed for a tax extension, you may have until September 15th to adopt a plan and claim deductions for last year.
Innovative Defined Benefit Calculator
Pension Deductions has developed a proprietary Defined Benefit Calculator that simplifies a process that once required days of work. With just a few inputs, business owners can instantly see the maximum amount they can contribute to a defined benefit plan at the click of a button. They can then get in touch with experienced pension professionals and a new defined benefit plan can be set up within a few days.
For more information, visit pensiondeductions.com or contact [email protected] or call 646-409-1660.
About Defined Benefit Plans
A defined benefit plan can allow a business owner to contribute any amount between $100,000 to $300,000 based on age, compensation history, years of service, etc. Contributions are flexible every year and the range can be wide to allow for business cyclicality.
About Pension Deductions
Pension Deductions specializes in helping business owners, doctors, attorneys, real estate professionals, etc. design and implement customized retirement strategies that maximize tax
deductions and long-term savings. With expertise in Defined Benefit, Profit Sharing, and Cash Balance plans, the firm offers streamlined tools and expert guidance for creating highly customized strategies.
Contact Info:
Name: Pension Deductions Team
Email: Send Email
Organization: Pension Deductions LLC
Website: http://pensiondeductions.com
Release ID: 89169193
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