A retirement plan has benefits for everyone – the employer, the business and, of course, the employees. Employers may also be eligible for tax credits or incentives for starting a retirement plan. Keep in mind that tax law changes may affect a retirement plan. Be sure to stay up-to-date with any tax laws.

Tips for Schedule C filers who are one-owner businesses or self-employed taxpayers. Schedule C is filed annually as an attachment to Form 1040, the individual tax return.