Q: We run our business as an LLC (a husband and wife partnership) and have a SIMPLE retirement plan. The company deducts the contributions it matches for employees. Can it also deduct the matches for my husband and me? L.J.S.
A: Yes, as long as you follow the rules for calculating matching contributions. For purposes of the retirement-plan rules, LLC owners and partners are considered employees.
- Small Business Tax Deduction Strategies No matches