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Brilliant Deductions

Proposed changes to IRA plans offer a better deal for even the smallest businesses.

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This story appears in the May 1997 issue of Entrepreneur. Subscribe »

Proposed changes to IRA plans offer a better deal for even the smallest businesses.

Now that companies with up to 100 employees are taking advantage of the new Savings Incentive Match Plan for Employees (SIMPLE) pension plans authorized last August, Congress and President Clinton are proposing very similar Individual Retirement Account (IRA) expansion proposals to help smaller businesses, such as sole proprietorships.

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