Build Retirement Wealth While Reducing Taxes
Design retirement plans that benefit business owners and employees, with options to create significant, immediate tax savings.
A well-designed retirement plan can be one of the most powerful tax-reduction tools available to a business owner. Depending on the plan design and individual circumstances, contributions can reach tens of thousands of dollars or more each year while helping build retirement wealth for the future.
Request a ConsultationConsidering a New 401(k)?
- Tax credits
- Owner contribution possibilities
- Employee considerations
- Integrated payroll/provider options
Is Your Current 401(k) Still Competitive?
- Fees
- Investment options
- Technology/payroll integration
- Plan design
- Owner contribution strategy
Are Your Tax and Investment Strategies Working Together?
Many financial decisions have tax consequences, and many tax decisions affect long-term financial planning. The New Albany CPA Co. owns Omega Capital Management LLC, a Registered Investment Adviser providing financial planning and investment advisory services. Together, the two firms coordinate tax and financial planning.
Plans We Help Evaluate
The right retirement plan depends on your business, employees, contribution goals, and tax situation. Options we may evaluate include:
Safe Harbor 401(k)
Avoid annual nondiscrimination testing while allowing business owners to maximize their own contributions. Safe Harbor plans are one of the most popular and flexible options for small businesses.
Profit-Sharing Plans
Contribute a discretionary percentage of profits each year, giving you flexibility to adjust contributions based on business performance. Contributions are tax-deductible and grow tax-deferred.
Cash Balance Plans
A type of defined benefit plan that allows significantly higher annual contributions than a 401(k) alone — often $100,000–$300,000+ per year for business owners in their peak earning years.
Solo 401(k)
Designed for self-employed individuals and owner-only businesses. Allows both employee and employer contributions, maximizing tax-deferred savings with minimal administrative burden.
SEP-IRA
A simple, low-cost option for self-employed individuals and small business owners. Contributions are flexible and fully tax-deductible, with higher limits than a traditional IRA.
SIMPLE Plans
SIMPLE IRAs and SIMPLE 401(k)s can provide smaller businesses with a streamlined retirement plan option, with employee contributions and required employer contributions.
Find the Right Retirement Plan for Your Business
We'll help evaluate your tax situation, contribution goals, employee considerations, and long-term financial objectives.
Is your tax plan connected to your financial plan?
Financial Planning