We specialize in the following areas:
A Retirement Plan for Small-Business Owners SEP - IRA...The Simplest Retirement Plan for Self-Employed Taxpayers |
What is a SEP-IRA? A SEP-IRA is a retirement plan designed to benefit self-employed individuals and small business owners.
You can establish a SEP if you earn self-employment income, regardless of whether you have employees. If you do have employees you aren't required to offer them a SEP. Once you decide to offer your employees the SEP-IRA, any employee meeting the basic eligibility requirements can join. Easy to set up and maintain, you benefit from:
* Tax-deductible plan contributions up to 46,000 ($45,000 in 2007).
* No taxes on the interest earnings in one's account.
* Option to delay receipt of your retirement benefit until age 70 1/2.
*Freedom to change contribution levels each year.
*No IRS Filings
*No cost or fees for administering the program
*An enhanced benefits package
*Option to require employees to work (3) years before contributing on their behalf.
* You may start this plan in 2008 and deduct the contribution on your 2007 tax return, up until the deadline for filing your tax return including extensions.
|
ELIGIBLE EMPLOYERS: Any size employer. Sole proprietorships, S and C corporations, partnerships and LLCs qualify.
ELIGIBLE EMPLOYEES: Employees who are at least 21, who worked for the employer 3 or more years in the last 5, and who received at least $450. ADVANTAGES:
1. Minimal paperwork and expense
2. Minimal tax filing
3. Flexible contributions allowed with no requirement to make on-going contributions
CONTRIBUTION LIMIT: Employer: Lesser of 25% of compensation or $40,000 (if self-employed and using net earnings method) Employee: (Employer Contribution for Employee): Lesser of 25% of compensation or $40,000
REQUIRED EMPLOYER CONTRIBUTIONS: None - completely discretionary, but employer funds 100% of contribution in years when contributions are made.
VESTING: 100% immediately
IRS FILING: None to IRS, However, Form 5305 must be kept on file by the business owner. |
Open Your SEP-IRA Today!
For complete details and complimentary proposal, please contact us!
Place SEP-IRA in the subject box in your email.
|
There has been some concern over the years from Small /Micro Business Owners and Entrepreneurs that affordable Health Insurance is not available. The Industry has listened... and just in the past few years new products have been created for you!
More & More Young Families, Small Business Owners, Individuals, and Baby Boomers are purchasing Individual Health Insurance today than ever before...
You should not need to worry about what it will cost to obtain a Health Insurance Policy after you have lost your job or are changing careers. COBRA Insurance is certainly not affordable for most of us! We offer policies that are mobile, and stay with you whatever changes you need to make. These are some new and affordable solutions available for you! contact us at: contact@handsco.com or go to our contact page and fill out the form so we can get you a quote, and tell you more about this.
