The SEP-IRA – A Pension Plan in an IRA Body

Year-end is great time for tax planning. Unfortunately, many small business owners are so busy in December that we don’t get around to tax reduction strategies until after year-end.

Since most small businesses are cash basis taxpayers, expenses are generally deductible in the year paid.  When we meet at tax time, there are few strategies that can “look back” at the prior year and still reduce taxes.

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