01/18/2026
Tax season is here! 🤑
Are you a small business owner? Did you make a great profit in 2025? Are you still sitting with cash on hand?
Well, there's still time to make some moves that will reduce your tax bill. The Internal Revenue Code and regulations allow you to contribute retroactively to a Simplified Employee Pension (SEP), Individual Retirement Accounts (IRA), or Solo 401(k) plan for the 2025 tax year and save on taxes. A retroactive contribution can reduce your taxable income and lower your tax bill. Plus, it's a great way to boost your retirement savings!
Would you like to know more about your options and the contribution limits? AMM Accounting Solutions can help you plan and prepare your 2025 filings.
