Since a distribution from a retirementplan may result in tax consequences to the employee, a retirementplan created by an employer must comply with IRS criteria in order to offer a hardship withdrawal as an alternative.
Neglecting to fund a retirementplan or forgoing an employee stock purchase plan could have catastrophic results in losses of hundreds of thousands of dollars and delaying retirement for many years.
Develop a budget by figuring out how much you need to set aside for quarterly tax payments, capital expenditures, your retirementplan, employee salaries and other areas.