Believe it or not, the end of the year is quickly approaching as well as a very important deadline. A SIMPLE IRA is a great way to fund your personal retirement account, get a business tax deduction, and provide an employee benefit. With this type of IRA, employees including the officers can fund this account with pre-tax money. The business matches the employee contribution up to 3% which is a fully deductible business expense. If you do not already have this retirement account set up for your corporation, there is still time to open one and have it effective for 2024. The deadline to do so is October 1st. Your financial advisor can set this up for you if you do not have a financial advisor, we can make a recommendation for you.