Retirement plan tax credits for small business can cover most of the cost of starting a 401k.
David Wiener stacks the SECURE 2.0 credits for an illustrative 18-person company with automatic enrollment: the startup cost credit, the employer contribution credit and the auto enrollment credit, all on Form 8881. Together, about $65,000 over five years.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504, option two
This is educational content, not tax advice for your situation. Talk to your tax professional.