sep-ira – Elite CPA Tax

SEP vs 401(k)

By elitecpas | March 31, 2022 |

We get a lot of questions (especially from self-employed business owners) on how the SEP IRA and the solo 401(k) retirement plans stack up in a head-to-head comparison. What they have in common: Both plans -create tax deductions for the money you invest in the plan, -grow tax-deferred inside the plan, and -suffer taxes only…

Retro-active tax planning after the year ends

By elitecpas | February 22, 2017 |

SEPs are sometimes regarded as the no-brainer for high-income small-business owners who don’t currently have tax-advantaged retirement plans.