Business Consulting Services
Pension & Profit Sharing Plans
Pension and profit-sharing plans (money purchase, profit sharing, 401(k), 403(b), defined benefit, SIMPLE, etc.) are set in place to foster a sense of partnership between employees and employers, allowing your employees to share with you the benefits of your successful business. These plans reward employees for their hard work, dedication and long term commitment to your business.
By electing to offer your employees pension and profit sharing plans, you can establish your business as a more attractive employment option for prospective hires, and your company may be able to take advantage of annual deductions. However, finding the appropriate plan that best fits your long-term goals, short-term needs and your budget is a crucial decision that requires expert advice from a qualified accounting firm. Many of these plans are fairly complicated and getting the right advice, provided by proven experts, can save you many anxious moments.
At Anstiss & Co., our expert accountants can provide you with the guidance needed to help you find the proper balance of long-term and short-term costs and benefits. Our approach to pension and profit sharing plan selection begins with a careful review and analysis process. Our team of accountants will then explain the rules and regulations of each plan, the most opportune time to set up pension and profit sharing plans, and what works best for your entity and your employees. Important factors that will be considered include:
- What are your personal retirement goals as a business owner?
- How many employees do you have?
- What are the ages of your employees?
- What is your company’s annual net income?
- What are the short and long-term goals of your company?
Our team of qualified Massachusetts Certified Public Accountants is highly experienced in understanding all of the rules and regulations and will help you safely navigate the complexity of available pension and profit sharing options to find a plan that is right for you.
For over 45 years our accounting firm has been providing businesses a wide range of affordable and valuable business consulting services. Our staff takes an individualized approach to your business and makes recommendations based on the profile of your company. We are not a one-size-fits-all solution.
If you have been considering pension and profit sharing plans for your business, or if you already have a plan and would like an evaluation, contact Anstiss & Co. today at 978-452-2500 to talk one of our pension and profit sharing specialists, or fill out our online contact form.
