Pat Metallic
Nov 22 2002, 12:31 PM
A partnership has a SIMPLE IRA in place. The employer contribution can be limited to a percentage of compensation. Does anyone have a template to assist in the calculation of earned income so that we can help determine the partner's employer contribution?
Robert E Garrels
Nov 22 2002, 01:37 PM
You might want to take a look at our AQSToolkit product which will do these calculations very nicely. Go to
www.aqsoftware.com.
Bob Garrels
Gary Lesser
Nov 28 2002, 09:53 PM
For SIMPLE-IRA plans you might also wish to consider SIMPLE Illustrator. Contact Gary Lesser at 317-254-0385.
AliceT
Nov 28 2002, 11:12 PM
I have been using SIMPLE Illustrator for years. It is easy to use and relatively inexpensive ($125 per year). If you also purchase QP-SEP Illustrator you may get a discount (it handles basic PS/MP, SEPs and SARSEPs and all of the "earned income" issues as well).
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