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hello Im Natalie Henning with Joseph D lets EPA and Im here with Joseph D lets EPA and today were going to discuss retirement plan options for S corporations not only what retirement plan do we suggest for a sole proprietor S corp so we suggest a Seth which stands for simplified employee pension plan what are a couple of advantages of a SAP so number one a sup is the only pension plan that is not subject to Social Security and Medicare tax and number two you can contribute up to 25 percent of your salary to a separate eyerman plan so lets go to the board where we have an example lets start with the sup and we have a salary of 50,000 so since the contribution is 25 percent of the salary in this example we could contribute up to $12,500 whats this not subject to SS so yeah this 12,500 is not subject to Social Security and Medicare tax so a SEP is the only retirement plan that reduces your Social Security correct and when we have to make this so it must be made by the tax return d
