What is a Defined Benefit Plan?

A defined benefit plan is a type of qualified plan in which an employer or sponsor promises a specified pension payment to employees when they retire. The amount is predetermined using a formula based on the employee’s earnings history, tenure of service and age, rather than depending directly on individual investment return. Employers typically make most of the contributions to defined benefit retirement plans, although some plans allow for employee contributions and others may even require them.

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Tax positions for businesses and individuals

R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

Instead is evolving. 
New tax positions are in the kitchen. Stay tuned.