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Small Business Retirement Plans Just Got More Attractive

If your small business is considering starting a new retirement plan in 2020, the recently-passed SECURE Act has good news for you! Startup Tax Credit Leaps from $500 to $5,000 Effective for tax years beginning after December 31, 2019, small businesses thatĀ adopt a new qualified retirement plan, SIMPLE IRA plan, or SEPĀ can now obtain an increased tax credit to offset…

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