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Small Businesses Can Still Fund a SEP IRA for 2012
Appleby Retirement Consulting Inc. 
Feb. 12, 2013
"SEP IRAs can be established and funded as late as the business owner's tax filing deadline, including extensions. This means that your clients still have time to establish and fund a SEP IRA for 2012.... The maximum amount that can be contributed to an employee's account is the lesser of 25% of the employee's compensation- such as W-2 wages, or $50,000. For this purpose, compensation is capped at $250,000. Further, the percentage is reduced to 20% of the individual's modified net profit, for those whose contribution is based on Schedule C income."
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