Small business owners thinking about setting up retirement plans for their employees should be aware of important deadlines coming up in October.
A SIMPLE, or Savings Incentive Match Plan for Employees, must be established by Oct. 1 for 2008 contributions.
Business owners who requested an extension to file their 2007 tax return have until Oct. 15 to set up a SEP, or Simplified Employee Plan and take a deduction for 2007.
Related Links:
Publication 3998, Choosing a Retirement Solution for Your Small Business
IRA Online Resource Guide
Order the IRA Resource Guide on CD-ROM
Publication 560, Retirement Plans for Small Business
