I’m negotiating my raise next week and want some info on employers tax liability › Forums › Financial Independence This topic is empty. Viewing 4 posts - 1 through 4 (of 4 total) Author Posts June 13, 2023 at 6:32 pm #83391 Reply Nicole I’ve googled to no avail. I’m the only employee and my bosses have opened a SIMPLE IRA for me. If I ask for my raise in the form of additional employer contributions does that save them money on employer taxes? I’d love a win-win scenario for us! June 13, 2023 at 6:32 pm #83392 Reply Bill It’s not a win win. Both wages and matching are deducted from business income for your employer. Both are still net expenses to the employer though. June 13, 2023 at 6:33 pm #83393 Reply Joshua Yes, employer contributions are a tax deduction for the business. June 13, 2023 at 6:33 pm #83394 Reply Stev There are IRS rules for your SIMPLE IRA. The employer needs to follow IRS rules and inform the accountant/payroll/plan administrator. Author Posts Viewing 4 posts - 1 through 4 (of 4 total) Reply To: Reply #83394 in I’m negotiating my raise next week and want some info on employers tax liability Your information: Name (required): Mail (will not be published) (required): Website: Submit Spread the love