Tax Planning for Small Business SEP and other Tax Saving tools?

Question

Hi Tax Planning Gurus,
Need help for 2006 Tax Planning . I have an S-corp and need to do some Tax planning before this year(2006)end. I already have a SEP account which is giving me some Tax-free money. Anyone knows about other tools/accounts(Plan 529 for one..thinking about this one) which can save taxes for 'Small Business' / Self-Employed. Any help in this regard is greatly appreciated in advance

Answer 1

You can start a Health Savings Account (HSA) or some other type of medical insurance plan for your company.