Discussion:SEP in Scorp
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Discussion Forum Index --> Advanced Tax Questions --> SEP in Scorp
Discussion Forum Index --> Tax Questions --> SEP in Scorp
| 2 July 2009 | |
| Client is a single shareholder in an Scorp and they want to set up a retirement plan. I am leaning towards a SEP with contributions paid from and deducted by the Scorp. Any thoughts on this planning would be appreciated. | |
| July 2, 2009 | |
| Keeps it easy, contributions can be made late. Just remember that salary is the driver for the 25% figure. | |
Southparkcpa (talk|edits) said: | 3 July 2009 |
| If you have employees, a SEP can be burdensome. Most of my clients use a SIMPLE IRA because it limits the match to 3 percent ofm participating employees.
A sole shareholder /sole employee situation, a SEP is fine. | |
ReadMyLips (talk|edits) said: | 3 July 2009 |
| A solo 401(k) would offer the most deferral/deduction if the shareholder is the only employee. | |
| 4 July 2009 | |
| defined benefit plan offers the largest deferral/deduction if shareholder is only employee | |
