The IRS has just released, A Virtual Small Business Tax Workshop (Publication 1066C), which helps small business owners and self-employed understand and meet their federal tax obligations. Lesson 5 deals with how to set up a retirement plan.

While the IRS focuses strictly on SEPs and SIMPLE IRAs, the lesson does effectively communicate why new or younger small business owners should start a retirement plan now. The Workshop can be ordered directly from the IRS in DVD format or click here  to access the Online Classroom to download Lesson 5’s 18-minute video or printed transcript.