Can a Retirement Plan Offer Tax Savings?

Absolutely, they can!  Employee retirement plans are a wonderful way to enjoy increased tax savings, while providing both you and the members of your staff with an effective means of saving for retirement.  Two of the most popular group retirement plans are:  SIMPLE retirement plans, which stands for Savings Incentive Match Plans for Employees.  SEP (Simplified Employee Pension) retirement plans are an equally popular way to go.  Both are easily implemented and there is no additional federal tax filing required.