401(k) Plan Definition

A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. Continue reading

Essential reading: Google and Starbucks face tax questions in the UK, and more

Welcome to the top tax and accounting headlines from Reuters and other sources.   * Google and Starbucks face tax questions. Jim Pickard and Vanessa Houlder – The Financial Times Continue reading