Anyone use a SEP IRA ?
Gonna get taxed kinda heavily this year and looking to deposit some cash into an IRA of some sort, so taxes for the business at the end of the year are a little lower. Just 2 of us at the company, and looking at the SEP IRA. Any other suggestions out there? This is the one that the accountant told us to look into. Already buying a new work truck to knock off about 3-4K in taxes.
Gonna get taxed kinda heavily this year and looking to deposit some cash into an IRA of some sort, so taxes for the business at the end of the year are a little lower. Just 2 of us at the company, and looking at the SEP IRA. Any other suggestions out there? This is the one that the accountant told us to look into. Already buying a new work truck to knock off about 3-4K in taxes.