The SIMPLE IRA plan (Savings Incentive Match Plan for Employees) is the easiest to set up of all the retirement plans available to small business owners, and the least expensive to manage. The deadline for setting it up is October 1st. This article explains what a SIMPLE IRA Plan is, how it works, any downsides, and how to get started setting it up.

https://www.sharrardmcgee.com/newsletter.php#2

If you think this might be a good retirement plan for your small business, contact your tax advisor at Sharrard, McGee & Co., PA for more information. Call us at (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.