What Is A SEP IRA And How Does It Work?
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What Is A SEP IRA And How Does It Work?

What is a SEP-IRA? Most people know about both traditional and Roth IRAs or individual retirement accounts. Both types of accounts are a type of retirement account that you can open through an investment brokerage and manage all on your own. The traditional IRA is a retirement account that is similar to the traditional 401k…

What Are Some Tax Deductions You Can Take If Self-Employed?
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What Are Some Tax Deductions You Can Take If Self-Employed?

What does it mean to be self-employed and what does that mean for your tax deductions? Being self-employed means starting your own business, whether it is a sole-proprietorship (like this blog), or a big company with many employees. To start your own business, you have to apply for a business EIN from the IRS. You…