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Small business owners still have time to set up a SEP plan for last year

Small business owners still have time to set up a SEP plan for last year

A SEP can be set up as late as the due date (including extensions) of your income tax return for the tax year for which the SEP first applies. That means you can establish a SEP for 2019 in 2020 as long as you do it before your 2019 return filing deadline. You have until the same deadline…

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