Navigating IRS Info

To stay competitive, you’ve got to get and keep good employees. Often this means offering some kind of benefits package, such as a retirement plan.

But where do you start? There are SIMPLE, SEP, 401(k)s, IRAs (traditional and Roth), and more. It’s enough to overwhelm you!

That’s why the IRS has set up a Retirement Plan Products Navigator page on their website specifically for retirement plans. After it helps you decide which plan is right for you, it shows you how to set up that plan, enroll employees, and deposit and invest contributions. Once you’re done, it will even provide you with a checklist that helps you see if you’ve missed any step, and show you how to correct any mistakes.

For more information, visit www.IRS.gov/ep.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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