The main reason for having a qualified plan is to defer taxes on income that is not currently needed for cash flow. Deductions for qualified plans can be quite large and the ability to accumulate earnings for ten to thirty or more years on income that would have gone to taxes can lead to greater wealth in the long run.
Additional Course Details
- Book Title: A Place For Qualified Plans In Small Business
- Author: Joel K. Letvin
- Publisher: ACCPE Editorial
- Course Level: Basic & Intermediate
- Interactive: Yes
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