Useful WebSites:
April 1999
July 2000
November 2000
December 2000
January 2001
February 2001
March 2001
April 2001
May 2001
June 2001
July 2001
August 2001
September 2001
October 2001
November 2001
December 2001
January 2002
February 2002
March 2002
April 2002
May 2002
June 2002
July 2002
August 2002
September 2002
October 2002
November 2002
December 2002
January 2003
February 2003
March 2003
April 2003
May 2003
June 2003
July 2003
August 2003
September 2003
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009
January 2010
February 2010
March 2010
SIMPLE SEP?
Q:
Subject: question....
Dear kmk:
I overheard a conversation about a corporation or a savings plan the other day regarding a SEP vs. SIMPLE. What were they talking about? Thanks
A:
SEP = Simplified Employee Pension
SIMPLE = Savings Incentive Match Plans for Employees
These are just two of the rapidly growing number of types of retirement plans that small companies and self employed individuals can set up for themselves and their workers.
The rules, limits and basic pros and cons of each type are varied.
You should work with your personal professional tax advisor, as well as an experienced employee benefits consultant, if you are considering offering retirement plans for your employees and/or setting one or more plans up for yourself.
As I constantly have to remind everyone, there is no such thing as "one size fits all" in tax and financial planning. Everything needs to be set up based on the unique circumstances and plans of those involved.
Good luck.
Kerry Kerstetter
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/20/2007 11:18:00 AM Send this post:
