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Form 5305 S Rev March Fill in Version SIMPLE Individual Retirement Trust Account

Form 5305 S Rev March Fill in Version SIMPLE Individual Retirement Trust Account

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the sep ira allows business owners to deduct up to 58 000 and put that money towards retirement now this is huge because this is thousands of dollars more than the 6 000 contribution limit that a standard traditional or roth ira account allows you to deduct so if you're self-employed earning income and not taking advantage of the sep or solo 401k get ready to cut your tax liability and save more money for retirement welcome back to the channel everyone my name is sherman a cpa here at life accounting where we help you save on taxes and boost profits in your business today i want to help you do this by taking advantage of the sep ira by the end of this episode i want you to know everything about it so you can start reaping the tax benefits as soon as possible and if you're new to our channel then trust me you don't want to miss another video that can help you save more money in your business so go ahead and hit that subscribe button below and like this video with that said let's discuss

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