Post by JLK Rosenberger LLP CPAs

💰 $191,500. That is the potential 5-year tax savings a California small business could capture by starting a qualified retirement plan instead of staying in CalSavers. CalSavers requires nearly the same administrative work, enrollment, opt-outs, eligibility tracking, and contribution submission, but offers zero tax benefit. A qualified plan unlocks three federal tax credits that can make the cost of starting one essentially free. Swipe through our carousel to see how the Start-Up Costs Credit, Employer Contribution Credit, and Auto-Enrollment Credit stack up, plus a real example of what they could mean for a 25-employee company. 👇 Read more: https://lnkd.in/duESmxTc