Check it out. The tax law smiles broadly over employee benefits. You can sock away a lot of money tax-free if you take advantage. The plans are complicated and you'll have to cover other employees when you expand. But, if you are doing well, it's worth it.
Many entrepreneurs have most of their wealth tied up in their businesses.
Without a break like this, the business would have to be dismantled to pay the tax. The rule applies to farms as well as to small businesses. Produced by Newsday Electronic Publishing.