Accountants and small business owners can you give me some info on a SEP IRA?

Accountants and small business owners can you give me some info on a SEP IRA?
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1 Answer

Answer :

Here’s the Nerd Wallet take on SEP IRA. Yes you have to contribute with certain rules.
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Related questions

Where can I find information on a sep ira rollover?

Description : Where can I find information on a sep ira rollover?

Last Answer : A SEP IRA is a Simplified Employee Pension Individual Retirement Account for the self-employed with advantages and and challenges for you, and its something you should look into.

Should I invest in an IRA sep account?

Description : Should I invest in an IRA sep account?

Last Answer : An IRA Sep account has a number of advantage versus a regular saving account. First the interest accrued is much larger with an IRA. Also, the person with the IRA does not have to pay taxes on it until they start withdrawing.

What do you think of SBA Small Business Administration) and what services available to small business owners from the Small Business Administration.

Description : What do you think of SBA Small Business Administration) and what services available to small business owners from the Small Business Administration.

Last Answer : If you're looking to go into a very established, regulated, and formalized field, it can be a good resource to get a feel for what's expected. I think if you're trying to get into government ... initiative, but for most hands-on business owners I don't think they offer much targeted at that group.

Is it feasible for small business owners to receive a minimum wage for paying a higher wage to their employees?

Description : Is it feasible for small business owners to receive a minimum wage for paying a higher wage to their employees?

Last Answer : When times are bad in a business, some times the owners will take out no pay for a while.

Small business owners- depositing checks with your business name- how exact must it be?

Description : Small business owners- depositing checks with your business name- how exact must it be?

Last Answer : It should be fine. Put the correct business name of your checks, though. Your best bet is to get a rubber stamp to use for the endorsement that includes the full business name and your bank account number. They only cost about $5.

The process by which accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business in known as- (a) Financial accounting (b) creative accounting (c) cost accounting (d) fair value accounting

Description : The process by which accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business in known as- (a) Financial accounting (b) creative accounting (c) cost accounting (d) fair value accounting

Last Answer : B. CREATIVE ACVOUNTING

Are business owners exempt from minimum wage laws and overtime?

Description : Are business owners exempt from minimum wage laws and overtime?

Last Answer : You could just make them all salary positions. OT goes away. But typically, businesses (especially small businesses) just make jobs part time to minimize payroll expenses. I would hesitate to make all ... as you sign the papers making them part owners, they could walk and you would owe them.

I have a friend who thinks business owners should be able to turn away customers for any reason, and choose who they want to do business with. Do you think he's crazy?

Description : I have a friend who thinks business owners should be able to turn away customers for any reason, and choose who they want to do business with. Do you think he's crazy?

Last Answer : I’m almost inclined to agree with him just so these business owners can feel the consequences of their ignorance.

Business owners who gross $1 to $3 mil: what's important to you?

Description : Business owners who gross $1 to $3 mil: what's important to you?

Last Answer : I’m not sure there’s going to be alot of answers for this question. However, I’d still love to fantasize about getting anywhere near 1mil.

Fee for availing business reply service a) Apr to Jun -100, Jul to Sep-75, Oct to Dec-50, Jan to Mar -25 b) Apr to Jun -200, Jul to Sep-150, Oct to Dec-100, Jan to Mar -50 c) Apr to Jun -250, Jul to Sep-150, Oct to Dec-75, Jan to Mar -50 d) Free of cost

Description : Fee for availing business reply service a) Apr to Jun -100, Jul to Sep-75, Oct to Dec-50, Jan to Mar -25 b) Apr to Jun -200, Jul to Sep-150, Oct to Dec-100, Jan to Mar -50 c) Apr to Jun -250, Jul to Sep-150, Oct to Dec-75, Jan to Mar -50 d) Free of cost

Last Answer : b) Apr to Jun -200, Jul to Sep-150, Oct to Dec-100, Jan to Mar -50

Based on PageRank algorithm, Google returns __________ for a query that is parsed for its keywords. a) SEP b) SAP c) SERP d) Business Objects Build

Description : Based on PageRank algorithm, Google returns __________ for a query that is parsed for its keywords. a) SEP b) SAP c) SERP d) Business Objects Build

Last Answer : SERP

Based on PageRank algorithm, Google returns __________ for a query that is parsed for its keywords. a) SEP b) SAP c) SERP d) Business Objects Build

Description : Based on PageRank algorithm, Google returns __________ for a query that is parsed for its keywords. a) SEP b) SAP c) SERP d) Business Objects Build

Last Answer : SERP

Do you have info/sources that speak to the pitfalls of contracting with website developers or other contractors? Rotten apples that spoil the bunch?

Description : Do you have info/sources that speak to the pitfalls of contracting with website developers or other contractors? Rotten apples that spoil the bunch?

Last Answer : None of these are answers to my question, but thank you for responding. I am looking for information or analysis that addresses this phenomenon and whether it is common or how this fits in a bigger picture.

Whats the Best Small Business Idea for a young guy like me?

Description : Whats the Best Small Business Idea for a young guy like me?

Last Answer : thanks @Ivan , maybe you have ideas where we can cooperate and do business

For small business owners, freelancers, and finance managers in small enterprises, what financial data is important to have easy access to?

Description : For small business owners, freelancers, and finance managers in small enterprises, what financial data is important to have easy access to?

Last Answer : answer:Target market characteristics and then on the other site of the POS statistics of actual patron/client characteristics. Additionally, often the information you mentioned above doesn't truly capture volume ... that was product A and how many were product B. Does this answer your question?

Small business owners. What's with all these calls to update our listings?

Description : Small business owners. What's with all these calls to update our listings?

Last Answer : I have never received calls asking to “update info” on my business….And if I did…they scream Scam/fraud/spam and I wouldn’t give them anything.

Small business owners: How do you get paid quickly?

Description : Small business owners: How do you get paid quickly?

Last Answer : answer:I think this is helpful. It tracks how invoices request payments, and how quickly the payments, on average, actually come in. It seems that you're actually getting an average turnaround on your ... in order for you to even start about thinking of leaving your steady income job, I would say.

I am a small business owner. Is the corporate tax return version of Turbo Tax good for small business owners?

Description : I am a small business owner. Is the corporate tax return version of Turbo Tax good for small business owners?

Last Answer : Yes, the TurboTax corporate version is good and also easy to use. It walks you through everything you need to consider as a small business owner.

Are there specific secured business credit cards for small business owners?

Description : Are there specific secured business credit cards for small business owners?

Last Answer : There are many institutions that offer secured business credit cards. This means that you are responsible for your own limits. Some of the better companies are Capital One, Visa and American Express.

Are there any cheap website hosting options for small business owners?

Description : Are there any cheap website hosting options for small business owners?

Last Answer : If you're small business owner i 100% guarantee you to check this. Blue Host is one of the world's largest Web Hosting companies & providers of online solutions. Bluehost is a top recommended host ... is the Link to Purchase: yazing. com/deals/bluehost/johnyb Remove the Space between Yazing. and com

Which tax software is best for small business owners?

Description : Which tax software is best for small business owners?

Last Answer : The best way to file clients taxes on the computers and to send it to the IRS is the irs.gov website. It allow you to file your taxes and do all the work for you.

How many small business owners use the erp solution?

Description : How many small business owners use the erp solution?

Last Answer : From my research, I would say that most small business owners use some aspects of the ERP (enterprise resource planning) system. Using one software program across all areas of a business makes good business sense.

I am looking for the best computer for small business owners?

Description : I am looking for the best computer for small business owners?

Last Answer : The best conmputer for small businesses would be the Lenovo Thinkpad. You can get discounts on multiple computers on eBay.com.

What are some ways to finance a small business?

Description : What are some ways to finance a small business?

Last Answer : Well I guess it depends on the type of business and your business plan. But assuming you have a pretty solid plan there are tons of ways to get money from places. Their is always small business ... just have to find them. Just out of curiosity, what kind of business are you thinking of starting?

How does a small business compete with a big one?

Description : How does a small business compete with a big one?

Last Answer : You say one thing you've evolved to do is catering to different people', that's very possibly your point of difference. A large chain isn't going to offer that individual, targeted ... great local butcher or greengrocer who stocks a range of locally produced product that Woolworths where I can.

What program should I use to keep the books for a small media business?

Description : What program should I use to keep the books for a small media business?

Last Answer : FWIW I use Sage Business Works in my business and though it is very robust compared to the Quickbook programs 15 years ago when we first got it, every time I ask my accountant for newer options ... and told me just today that she feels QB is friendlier and accomplishes all desired tasks easily.

If you were to start your own small business, what would it be?

Description : If you were to start your own small business, what would it be?

Last Answer : answer:If I were young and energetic and really liked details I would get on the alternative energy bandwagon. We tried to start a solar business but decided we were just to old and really didn' ... inevitable barriers. That thing that makes your heart beat a little faster is where your fortune is.

How much would you pay a manager in your small business?

Description : How much would you pay a manager in your small business?

Last Answer : How many employees does he have to supervise? Does he have to do the books? What is the business? Does it involve heavy lifting?

What do I have to do in order to set up a small business for an ice-cream truck?

Description : What do I have to do in order to set up a small business for an ice-cream truck?

Last Answer : answer:It depends on where you are, but there are generally permits involved, and health inspections to certify that you are able to safely sell food. But local laws vary enough that, without knowing where you are, we can’t say which hoops you need to jump through.

Is your small business going paperless?

Description : Is your small business going paperless?

Last Answer : As quickly as I can reasonably get it there.

Who would I seek to find out the value of a small online business?

Description : Who would I seek to find out the value of a small online business?

Last Answer : answer:There's no one rule, especially in small online businesses with few physical assets. The short answer is it's worth whatever it's worth to you and you should ask for a price that would ... final price will be lower. Congrats on building something someone sees value in. I hope it goes well.

Why does a small business need a website?

Description : Why does a small business need a website?

Last Answer : Their businesses are booming because they have good businesses. The question is, would they have even more business if they had a website?

I need financing to start my business. Should I get a small business loan or go through private sources?

Description : I need financing to start my business. Should I get a small business loan or go through private sources?

Last Answer : If you have enough capital in hand to start without a loan, even if it means starting small, that would be my recommendation. If you start on borrowed capital, you must acheive profitability quickly to ... going to need one, make sure you can actually get it before going too far with your planning.

Why do many people praise small business but condemn big business?

Description : Why do many people praise small business but condemn big business?

Last Answer : Stan: So it seems like we have enough people now. When do we start taking down the corporations? Hippie (takes a drag on his joint): Yeah man, the corporations. Right now they're raping the ... like, provide services for each other in exchange for their services? Kyle: Yeah, it's called a town.

Looking for good blogs or guides for starting a small business.

Description : Looking for good blogs or guides for starting a small business.

Last Answer : http://www.score.org/index.html

Can you recommend "expense management" software for a small business?

Description : Can you recommend "expense management" software for a small business?

Last Answer : Our company uses ExpensAble: http://www.expensable.com.wvproxy.com/default.asp

Has anyone had to file taxes as a small business or partnership before?

Description : Has anyone had to file taxes as a small business or partnership before?

Last Answer : I’ve been doing taxes for over 30 years, lots of partnerships, corps, etc. For a first timer, I would recomend taxcut

What are the specifics of buying **** in bulk for my small business?

Description : What are the specifics of buying beer in bulk for my small business?

Last Answer : It’s tax deductible as a business expense.

What do I need to know about starting and running a (very) small business?

Description : What do I need to know about starting and running a (very) small business?

Last Answer : I do know a number of people who do this type of work. You would need to set your business up as a LLC- limited liability corporation. Develop a business plan and guidelines, ... with your local small business administration and see what sort of classes they offer with regards to licensing.

How can I advertize for my new small service based business?

Description : How can I advertize for my new small service based business?

Last Answer : Fliers. you could head out to a big parking lot, and just put those fliers out on cars that everyone usually throws away anyways. It would cost some money to buy an Ad in the phone book, but ... and walk door to door, carrying informational packets, and setup times to stop by and estimate for them.

How do I get financing for my unique small business idea?

Description : How do I get financing for my unique small business idea?

Last Answer : try http://Prosper.com

Top 40 Small Business Ideas in India for Starting Your Own Business

Description : Top 40 Small Business Ideas in India for Starting Your Own Business

Last Answer : nowadays the younger generation is always running to find something new and especially wanting to become entrepreneurs they have the power and energy which is the key for them opening the hidden ... excellent idea and forty event management manpower is the main requirement here if you have that

How to Start a Small Business

Description : How to Start a Small Business

Last Answer : How to Start a Small Business For many people, starting their own small business is a dream come true. If you have the entrepreneurial spirit and would like to either make a decent part time income or ... , a well though-out, planned and organized business can be the key to one's financial success.

.Inherent risk is not a characteristic of the a. Major types of transactions. b. Client’s business. c. Substantive procedures. d. Effectiveness of the client’s accountants

Description : .Inherent risk is not a characteristic of the a. Major types of transactions. b. Client’s business. c. Substantive procedures. d. Effectiveness of the client’s accountants

Last Answer : Substantive procedures

Advertising, as defined in the Code of Ethics, means a. The communication to the public of facts about a professional accountant which are not designed for the deliberate promotion of that professional accountant. b. The approach to a potential client for the purpose of offering professional services. c. The communication to the public of information as to the services or skills provided by professional accountants in public practice with a view to procuring professional business. d. Any of the given choices

Description : Advertising, as defined in the Code of Ethics, means a. The communication to the public of facts about a professional accountant which are not designed for the deliberate promotion of that professional ... in public practice with a view to procuring professional business. d. Any of the given choices

Last Answer : The communication to the public of information as to the services or skills provided by professional accountants in public practice with a view to procuring professional business

The principle professional competence and due care imposes which of the following obligations on professional accountants? a. To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service. b. To comply with relevant laws and regulations and avoid any action that discredits the profession. c. Not to override or compromise his professional or business judgment because of bias, conflict of interest or undue influence of others. d. To be fair and truthful.

Description : The principle professional competence and due care imposes which of the following obligations on professional accountants? a. To maintain professional knowledge and skill at the level required to ensure that a ... , conflict of interest or undue influence of others. d. To be fair and truthful.

Last Answer : To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service.

How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public consists of clients, credit grantors, governments, employers, employees, investors, the business and financial community, and others who rely on the objectivity and integrity of professional accountants. c. The collective well-being of the community of people and institutions the professional accountant serves. d. The standards of the accountancy profession are heavily determined by the public interest

Description : How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public ... serves. d. The standards of the accountancy profession are heavily determined by the public interest

Last Answer : The collective well-being of the community of people and institutions the professional accountant serves.

What do you think about Shoshana Hebshi's arrest and strip-search after Sep 11th 2011 airplane terror scare?

Description : What do you think about Shoshana Hebshi's arrest and strip-search after Sep 11th 2011 airplane terror scare?

Last Answer : answer:It is one of those situations where if the person had indeed been a terrorist and was arming a bomb in the rest room, the passenger who alerted the crew would be a hero. Since it didn't turn out that ... deal with it so that the rest of society feels secure. It sucks but it is the way it is.

What is a professional sep service?

Description : What is a professional sep service?

Last Answer : A professional seo service is a service that will ramp your online experience with targeting the audience on the web that you want. They will analyze your website and produce a plan that will optimize its exposure.

The Twentieth Law Commission was constituted through a government order with effect from 1st Sep. 2012. It has a three year term ending on 31st Aug. 2015. Who is the chairman of the commission? (1) Justice D.K. Jain (2) Justice J.S. Verma (3) Justice Markanday (4) Justice M. Mualyal

Description : The Twentieth Law Commission was constituted through a government order with effect from 1st Sep. 2012. It has a three year term ending on 31st Aug. 2015. Who is the chairman of the commission? (1) Justice D.K. Jain (2) Justice J.S. Verma (3) Justice Markanday (4) Justice M. Mualyal

Last Answer : (1) Justice D.K. Jain Explanation: Justice D K Jain is appointed the chairman of the Twentieth Law commission.