Cannabis businesses' lack of access to banking and retirement plans have taken a toll on both employers and employees. From less financial security, to complex tax liability, and less support for their employees. Here are the economic pains that cannabis companies face because of current legislation.
Delaware EARNS, the state-run retirement program, was signed into law on August 18th. It will serve as a retirement plan alternative to increase employee access to retirement plan savings.
The cannabis industry faces discrimination from federal institutions over bank accounts, loans, and retirement planning. Let's take a look at why this is and what can be done to change it.
Hawaii unveils state-run Auto-IRA retirement plan program. This plan seeks to relieve Hawaii residents who do not have reasonable access to retirement savings accounts.
When it comes to state-mandated retirement plans, you have options. Here's an outline of the plans that may be available in your state and what each one can offer your business.
With state mandated retirement plans becoming a reality in many of the states with legal cannabis operations, we evaluate the state-administered plans with the benefits of a 401(k) plan.
A pooled employer plan is a cost-effective plan which allows multiple employers to reside under the same retirement plan. Learn the benefits and restrictions of pooled employer plans to determine if this plan type is right for you.
AVoluntary Correction Program (VCP) submission is a way for an employer or plan representative to voluntarily disclose issues with the retirement plan. Learn how to submit, modify, request an extention, and more.
The Internal Revenue Service (IRS) is reminding taxpayers that the next couple of weeks are the busiest time of year for IRS calls. While many questions can be answered through their website, we have compiled a list of common questions and our answers to help you file your taxes quickly and accurately.
Tax season is stressful. While we cannot guarantee your stress to melt away, theInternal Revenue Service (IRS) provides information to make things a little easier for employees and business owners. These resources are free to the public and are must-reads for anyone involved with a company-sponsored retirement plan.
Each retirement plan is built for different purposes and offer varying advantages. We explore SEP, SIMPLE, and 401(k) plans to see which is right for your business.
There are many options when it comes to 401(k) investment. This article examines many popular investment opportunities typically used by 401(k) providers so you can evaluate which ones are right for you.
Learn the ins and outs of estate tax, the difference between estate and inheritance tax, what assets are subject to estate tax, and how to minimize your estate taxes.
Retirement years should bring happiness and relaxation to your life. You are free of financial obligations and family responsibilities. Work stress is behind you, and you can look forward to vacations and spending the money you have saved all your life.