Two retirement plan options to consider are to set up a SEP, a “simplified employee pension,” or a SIMPLE, “savings incentive match plan for employees.”
2 Retirement Plan Options for Your Small Business: Set up a SEP or go SIMPLE
![](https://www.landmarkcpas.com/wp-content/uploads/2022/12/Set-up-a-SEP-Image-1024x640.jpg)
Two retirement plan options to consider are to set up a SEP, a “simplified employee pension,” or a SIMPLE, “savings incentive match plan for employees.”
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees.