Posts Tagged ‘Defined Benefit Plan’


3 Proven Reasons a Connecticut Business Owner Should Meet With Their CPA Before Year-End

Borgida building manchesterAnother year will end soon.  There is (very) little tax planning that can be done after the year-end.  With the maximum federal income tax bracket of 39.6% and the maximum State of Connecticut income tax bracket of 6.5% there is a lot of tax dollars on the table. Here are 3 proven reasons a Connecticut business owner should meet with their … Continue reading »


Do I have to File IRS Form 5500?

Employers that maintain a qualified retirement plan must file IRS Form 5500–Annual Return/ Report of Employee Benefit Plan.  Qualified retirement plans include defined benefit, profit-sharing, money purchase, and 401(k) plans.  SIMPLE and SEP plans do not have to file this form.  Form 5500 is due on the last day of the seventh month following the end of the year.  For example, a December year-end would be due on July 31.


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