Should a small business set-up a SEP IRA or a Solo 401(k) plan? In 2022, the answer is just as clear as past years. The Solo 401(k) plan beats the SEP IRA in almost every case.
In this episode of Adam Talks, IRA Financial’s Adam Bergman Esq. covers two unique topics. First he compares the SEP IRA and Solo 401(k), and which one is better for your business. Also, the IRS now wants to know if you use a mobile app, such as Venmo or Zelle, to collect more than $600 for commercial use during the year.