by idei | Dec 17, 2024 | TaxBiz
A self-employed 401(k) plan, also known as an individual 401(k) plan, serves as a retirement savings option for small business owners without employees, aside from a spouse. This makes it an ideal choice for sole proprietors, independent contractors, partnerships, and...
by idei | Nov 21, 2024 | TaxBiz
There are several retirement plans for small businesses, ranging from one to many employees. At Wave Tax, we offer a variety of options to help you determine the most suitable plans for you and your business. Let’s explore these choices. • Individual 401(k) Plan:...
by admin | Sep 19, 2023 | TaxBiz
An IRA (Individual Retirement Account) and a 401(k) are two types of retirement savings accounts designed to help people save and invest for retirement. However, there are significant differences between them. Let’s take a look! Sponsor and Eligibility • 401(k):...
