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Remove SEP Contributions?

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SEP, owner was only participant, was funding 20% monthly based on her compensation for 2021. Now realizes the only employee is eligible as of 1/1/21. Owner has stopped contributions and now is considering removing her contributions instead of funding (with lost earnings) contributions to participant through the same period. Can contributions be removed because the owner changed their mind? I see corrections process for excess contributions but not sure this can be considered excess? If they can remove, I assume the same process for removing excess?

Thanks for any help.

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Simple question, unforgiving answer...but you may be able to allocate some of the money deposited in 2021 for 2020 - if you have deductibility and 415 limit room.  That could reduce the owners allocation for 2021 and lessen the contribution required to the employee.


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