On this tax day, the good news is that small business owners and the self-employed have retirement options. The US Department of Labor identifies the features and advantages of several retirement plans, including the 401k, SEP IRA and SIMPLE IRA. In addition to the savings, the benefits of some small business retirement plans include a relatively easy and affordable setup and flexible contributions.
Some simple financial tips for small business owners: keep track of expenses as you go, make the most of deductions and contribute to your own retirement. You can still make 2014 contributions on April 15 and then plan for the year ahead and beyond.
Best wishes for continued success!