How Accountants Can Transform Their Practice by Partnering with WealthRabbit

As more states begin to require businesses to offer retirement benefits, accountants have a unique opportunity to expand their services and better support their clients. By offering simple, affordable retirement plans—like a SIMPLE IRA—accountants can become even more valuable partners to the small businesses they serve.

Partnering with WealthRabbit makes it easy to offer and manage retirement plans, helping accountants boost revenue, strengthen client relationships, and stay ahead of the competition.

In this blog, we’ll explain what a SIMPLE IRA is, why it’s a smart option for clients, and how WealthRabbit simplifies the entire process for accountants.

What Is a SIMPLE IRA?

A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is a retirement savings plan designed for small businesses with 100 or fewer employees. It’s cost-effective, easy to manage, and offers tax benefits for both employers and employees.

With low administrative overhead and no annual IRS filing requirements, it’s a practical retirement solution for small business clients—especially those who are just starting to explore offering benefits.

Why Accountants Should Offer SIMPLE IRAs to Clients

Grow Your Services and Revenue

Offering SIMPLE IRAs allows you to expand beyond traditional accounting and tax services. You can:

• Offer a valuable, in-demand benefit to your clients
• Create new revenue streams through plan setup and management
• Stand out from other accounting firms
• Be seen as a well-rounded financial advisor—not just a tax preparer

Help Clients Save on Taxes

SIMPLE IRAs come with built-in tax advantages:

• Employer contributions are tax-deductible
• Employee contributions grow tax-deferred
• No complex compliance testing or heavy paperwork

By helping clients set up a SIMPLE IRA, you're helping them reduce their tax burden and plan for long-term financial health.

Strengthen Client Relationships

Offering retirement solutions helps you build trust and long-term partnerships. Clients will appreciate your guidance on:

• Offering affordable, competitive employee benefits
• Navigating state retirement mandates
• Creating long-term financial security for their team

Stay Ahead of the Competition

As more states roll out retirement mandates, clients will need support. By offering these services now, you can:

• Attract new clients
• Retain current ones
• Stay competitive as the industry evolves

How WealthRabbit Makes SIMPLE IRAs Easy for Accountants

WealthRabbit is a user-friendly platform built to make managing SIMPLE IRA plans fast and easy—for both you and your clients. Here are some of the key features for accountants:

Manage Multiple Clients from One Dashboard

View and manage all your clients’ plans in one place. Track contributions, performance, and compliance—without the hassle of switching between accounts.

Streamlined Team and Client Management

Easily assign access levels to team members, delegate client accounts, and onboard new clients—all from your central account.

Flexible Revenue Opportunities

Choose the partnership model that fits your firm—whether that means offering full-service onboarding or letting WealthRabbit handle everything while you focus on your core services.

Flexible Onboarding Options

You can choose the onboarding approach that works best for your practice:

1. Do-It-For-Them: Handle onboarding yourself and offer a premium, hands-on experience
2. Self-Service: Invite clients to onboard themselves through WealthRabbit’s step-by-step portal
3. Full-Service by WealthRabbit: Prefer a hands-off approach? We’ll take care of everything for you

Robust Investment Options

Clients can customize their retirement plans with a variety of investment options tailored to their employees’ goals and risk tolerance.

Real-Time Reporting & Expert Support

WealthRabbit gives you and your clients access to real-time data on plan performance and contributions. Plus, our expert support team is always available to help with questions or compliance needs.

Ready to Grow Your Practice?

Partnering with WealthRabbit gives you the tools to:

• Expand your service offerings
• Strengthen client relationships
• Unlock new revenue streams
• Stay ahead of state mandates and industry changes

Help your clients offer meaningful retirement benefits—and grow your accounting practice in the process.

Sign up with WealthRabbit today.

About the Author

Jason Ackerman, CPA, CFP®

Co-Founder & CEO at WealthRabbit

Jason Ackerman is a CPA, CFP®, and CGMA, and Co-Managing Partner at BNA CPAs & Advisors, where he has helped grow the firm several times over. He brings that same growth mindset, and a healthy skepticism of unnecessary complexity, to his work as Co-Founder of WealthRabbit. That combination of hands-on CPA experience and fintech innovation shapes the WealthRabbit blog's plan-comparison guides, so business owners can make a decision without needing a CPA in the room.