Tax laws allow small business owners and self-employed individuals to shelter large portions of their income from taxation by placing it in a pension plan. These plans must be established by the end of the year to get in on 2004 savings, however. Business owners must establish a plan document and open an account with a bank or investment company to qualify, according to Freedom Benefits ( www.freedombenefits.org ). For a $150 fee, the company will set up a pension plan for small businesses.
The company will accept business up until noon on the last day of the year, according to a press release. There are no commissions, asset fees or termination charges, and the fee will include personal assistance to aid in plan establishment. There is no obligation to retain the company for future services. Interested businesses can access Freedom Benefits via its online order system.