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What if a business can make a contribution to the Simplified Employee Pension (SEP) every year?

April 26, 2017Business contribution employee Pension SEP simplified year

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What if a business can make a contribution to the Simplified Employee Pension (SEP) every year?

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Not a problem. The SEP plan offers maximum funding flexibility, which allows business owners to decide from year to year whether to make a contribution to the plan. An employer may contribute up until the business’s tax filing deadline (plus any extensions) for a prior-year tax deduction.