What factors should be considering or aware of from a tax

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The client is also thinking about starting his own accounting business on the side and wants to know what self-employment tax is.

He also wants to know what advantages are associated with setting up an educational assistance program.

Problem 1: The prospective client is also trying to figure out if he can contribute to an IRA, a SEP-IRA, and his employer-sponsored 401k plan. What factors should be considering or aware of from a tax planning perspective?

Reference no: EM132773263

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