Business Dictionary
Qualified retirement plan
A
retirement plan established by employers for their employees that meets the requirements of
Internal Revenue Code Section 401(a) or 403(a) and is eligible for special tax considerations. The plan may
provide for employer contributions, as in a
pension or
profit-sharing plan, as well as employee
contributions. Employers can
deduct plan contributions made on behalf of eligible employees on the business's tax return as business expenses. Plan
earnings are not taxed to the employee until withdrawn.
Related Articles• A Do-It-Yourself Customer Panel
Inc.com - As a small-business owner, you might think you can't afford the services of a fancy marketing firm to keep track of how you are doing. Wrong! It can be easy and economical to ...
• 5 Perfect 'Spare-Time' Online Businesses
Entrepreneur.com - With all the doom and gloom news about the economy, there's never been a better time to make an extra paycheck online with a minimal amount of time and effort. If you have an ...
• Great Entrepreneurs in the Movies
Entrepreneur.com - Charles Foster Kane, publishing magnate It's impossible to create a list of famous screen entrepreneurs without mentioning Charles Foster Kane (Orson Welles). Rumored to be ...
• The Shareholders of a Corporation
AllBusiness.com - Make sure your shareholders have a voice in the running of your
corporation, or you may may find yourself in legal hot water.
• Microcommerce Revenue Streams for Small Businesses
AllBusiness.com - By offering products, information, or services for a small
subscription or a one-time fee, many businesses have seen
phenomenal growth. Can microcommerce work for your business?