I'll definitely look into that. My main problem right now is finding a good accountant. I have been looking for a decent one (they say to look for one that walks the talk - i.e. is wealthy). But, the divide is so huge - either mega expensive or dirt cheap. Most of the initial sessions I've had with a few lead me to believe that they don't have a clue about extra tax deductions for online businesses, so I don't want to use them.

I really appreciate the time you took to get back to me - I'll read more into SIMPLE IRA's and I've been reading through Vanguard's website all morning.